Newport’s City Council’s Cabinet Member for Housing & Regeneration, Cllr Jane Mudd, this week visited the City’s latest riverfront housing development, bringing over 200 new homes to the City.
We are delivering the £24m housing development ‘Bank House’, in close partnership with energy and regeneration specialist ENGIE, Newport City Council and the Welsh Government.
Located alongside the river Usk, what was once a disused, brownfield site has been replaced with a tree-lined river walk, linking the housing development to the nearby Glebelands park. Bank House will comprise a mixture of 2 and 3 bedroom houses and 1 and 2 bedroom apartments that are available to affordable rent or buy via a range of housing solutions, designed to suit individual circumstances.
With a build programme spanning 4 years, the properties will be developed in 4 phases. The first phase will be launched this summer and will provide 20 contemporary two bedroom apartments, with spacious balconies, perfectly positioned to take advantage of the scenic riverfront views. The apartments are available for outright sale and on a shared ownership basis through our specialist home ownership company Poblliving.
Kathryn Edwards, Pobl Group’s managing director, homes & communities said: “We are delighted to be creating more high quality homes in a prime position in Newport, hot on the heels of our extremely popular, award-winning Loftus Garden Village”.
“By creating a mixture of homes both to rent and buy, we are not only able to create a vibrant, thriving community but are addressing the shortage of affordable rented housing in the City whilst meeting the aspirations of potential home owners.”
Jane Mudd, cabinet member, housing & regeneration, Newport City Council said:
“At a time when house prices and demand for housing are rising in the city, it is important that there are schemes such as this which create affordable homes, to both rent and buy.
“Pobl have a proven track record of delivering high quality housing developments and helping people to make that first, important, step on the property ladder.”
Accessed off Herbert Road, the new homes will be a ten minute walk to the city centre, close to Caerleon Road shopping centre and adjacent to the ‘exceptional’ Estyn rated Glan Usk primary school.
Edward Rees, regional director, ENGIE said:
“As we approach the launch of the first phase, it’s exciting to see the progress of the development. These homes have been designed to suit modern day lifestyles- with fantastic kerb appeal, stylish living spaces and high levels of energy efficiency.
“We are very proud to be creating this sustainable new community for local people and to be supporting our partners in meeting the demand for affordable housing in the area.”
The new homes are part of our overall development programme to deliver 3,000 affordable homes over 5 years across South Wales.
For more information on Bank House, and the launch of Pobliving’s apartments, go to the poblliving.co.uk website.