NUE undertaking to deliver More Affordable Homes in Folkestone

Solini Court, Dover Road, Folkestone

A Local Property Developer has added a further 11  Affordable Homes to his property portfolio with Solini Court nearing completion.

NUE launched an affordable homes project in 2012 in response to the Homes and Communities Agency (HCA) Affordable Homes Programme (2012-15) and delivered 42 units.

With no new HCA funds being available for empty properties KCC made additional funds available post 2015 to continue to assist with making homes available for local people at affordable rents.

With additional financial support from Shepway District Council’s No Use Empty Plus fund – a secured  loan (5 years) to cover the refurbishment costs was provided.

This was on condition that the property was made available at an affordable rent (80% of the market rent) and managed by a registered provider for an agreed 5 year period.

The rent is guaranteed for that period of time and a management fee does apply.

The property was  officially handed to AmicusHorizon to manage during Empty Homes Week .

Background

The property is situated in a mixed residential and commercial locality close to the town centre. The building dates from around 1900 and previous uses include warehousing and more recently as a funeral directors. The site was empty for 2 years and suffering from internal damage caused by a leaking roof and burst pipes. The site was also a favourite location for anti-social behaviour.

Having delivered successful smaller projects with the help of NUE, the local property developer approached NUE to seek financial support if he could acquire the site and obtain planning permission for change of use including the provision of 11 self contained flats.

An agreement in principle was reached and following the successful purchase and approval from the local council a contract was soon in place.

There are now 6 x 1 bedroom units, 3 x 3 bedroom units and 2 x 2 bedroom units.

Wider Regeneration

This project complements the wider regeneration aspirations for Folkestone. It is directly opposite a £7 million project now underway to create a new 1,000 square metre multi-storey skate park, which is being funded by Sir Roger De Haan’s charitable trust, which should be completed by the end of 2017. Access to the skate park will be heavily subsidised so young people from the area have a safe place to play.

For more information click here

Affordable Homes – Dover Road, Folkestone

Dover Road, Folkestone

Built on the late 1800’s this detached four storey building has been brought back into use to provide seven self-contained flats.

Taking up the challenge the new owners have extensively modernised and refurbished the property which lay empty for 25 years.

It is possibly the best example of the worst property we have ever come across!

The property was featured on BBC Homes Under The Hammer

It is now fully occupied and one of several projects which have been completed in response to the Homes and Community Agency (HCA) Affordable Homes Programme 2012-15.

NUE provided an interest free loan over 5 years to bring the empty property back into use on condition that the flats within the property would be let at 80% of their market rental value and managed by AmicusHorizon, who guarantee a rental income for a minimum five year period.

At the end of the term, the owners have to:  continue to rent the property by renewing their current contract, privately rent the property or sell the property.

 

 

First NUE Affordable Homes Project Completed

AFFORDABLE HOMES FOR RENT
NESSA APARTMENTS, SANDGATE ROAD, FOLKESTONE

(FULLY OCCUPIED)

No Use Empty have supported the refurbsihment of this former commercial premises, which is now being marketed by Avenue Lettings, who are pleased to offer 6 x 1 bed flats and 1 x 2 bed flat situated in the popular location of Sandgate Road, Folkestone for rent at AFFORDABLE RATES, starting from £106 per week!.

Be the first to live in one of these modern flats, just 0.9 miles from Folkestone central train station and 1.1 miles from Folkestone west. Shops and amenities are right on your door step. Each flat has been newly converted and finished to a very high standard. Each one comes with its own storage room and also benefits from central heating and double glazing.

INTERESTED ? –  ARRANGE A VIEWING

For more information about this property, please contact
Avenue Lettings, CR0 on 01795 393241 (local rate)

What’s included ?
The kitchen area: Situated just off the lounge has a Modern tiled finish
High spec kitchen with slow closing cupboards and drawers
Bosch fitted extractor hood, Combi boiler
Vinyl flooring, Spot lights
Under unit lighting

Other information:
View to the rear of the building
Phone intercom system
Communal metre cupboard to the rear of the building
Post boxes situated at the front of the building
Bins stored in the outside area to the rear
Permit parking, permits can be applied for with Shepway Council

A Selection of the Photos are below.

f2 sandgate (2) f2 sandgate (3) f2 sandgate (4)