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BillyShears

Things Afoot In Leicestershire

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The are building new "affordable" houses in Leicestershire. They will be housing association homes. Almost a thousand of them spread around the area.

Interesting points: The local paper quotes how much of the "22 million pound bonanza" is being spent on each area, and how many houses are being build. Dividing the money spent by the number of houses gives a figure of about 20K-30K per house. I'm not sure that this is supposed to cover. Surely that won't even be the construction cost of the homes. Or were those recently discussed "60K affordable homes" even more ridiculous than they look at first glance.

The "affordable" houses will be at about 130K for a good sized house. In number of bedrooms anyhow, I haven't seen plans.

But the kicker is that they will be available for rent for between about £52 a week for a two bed (I don't have the paper with me) to about £72 a week for a four bed house. Expressed monthly, that's about £312pcm for the most expensive, and £225.33pcm for the cheapest. That massively undercuts rents in the private sector. Probably about half market rents, though market rents were unusually cheap last time I looked.

And with all those newbuild flats going up or having gone up in the city centre, it must do something for supply. Or are housing association houses really a different market from private rentals?

Anything similar happening elsewhere?

Billy Shears

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The are building new "affordable" houses in Leicestershire. They will be housing association homes. Almost a thousand of them spread around the area.

Interesting points: The local paper quotes how much of the "22 million pound bonanza" is being spent on each area, and how many houses are being build. Dividing the money spent by the number of houses gives a figure of about 20K-30K per house. I'm not sure that this is supposed to cover. Surely that won't even be the construction cost of the homes. Or were those recently discussed "60K affordable homes" even more ridiculous than they look at first glance.

The "affordable" houses will be at about 130K for a good sized house. In number of bedrooms anyhow, I haven't seen plans.

But the kicker is that they will be available for rent for between about £52 a week for a two bed (I don't have the paper with me) to about £72 a week for a four bed house. Expressed monthly, that's about £312pcm for the most expensive, and £225.33pcm for the cheapest. That massively undercuts rents in the private sector. Probably about half market rents, though market rents were unusually cheap last time I looked.

And with all those newbuild flats going up or having gone up in the city centre, it must do something for supply. Or are housing association houses really a different market from private rentals?

Anything similar happening elsewhere?

Billy Shears

Billy hi,have you seen any pics of these houses?Are they of traditional bricks and mortar design?

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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