Page 23 - Housing Solutions Annual Report

Development Growth

Shared
Investment New homes ownership
£27m in new homes 203 delivered £4.9m sales income

In 2019 the average house prices in the Royal target of delivering 160 new homes in 2019/20
Borough of Windsor and Maidenhead fell by 2.8% we managed to exceed our target by delivering
to an average of £483,500. Despite this fall this still 203 new homes for our local area. This included
leaves local residents needing an average income our first ever scheme in Bracknell Forest Borough
ratio of over 13 times average earnings in order to Council where we have delivered 11 new shared
afford to become a homeowner. ownership homes and 3 affordable rented houses

Building on our £36m investment in 2018/19 we and have a further 23 units on site. During the year,
have invested a further £27m in the development construction commenced on the first phase of our
of new homes in 2019/20 – keeping us in the top partnership scheme with RBWM and Countryside
quartile amongst our peers for the development at York Road, Maidenhead, which will provide 61
of new homes. Having set ourselves the ambitious new homes.

Investment in New Homes

£40
£35
£36m
£30
Millions £25 £22m £27m
£20
£15
£10 £17m
£5
£-
2016/17 2017/18 2018/19 2019/20

Stock Profile

The delivery of new homes of the right mix therefore 13.20%
continues to be a fundamental focus for Housing 0.50%
Solutions and is at the core of our value for money 5.60%
activities. Recognising the need for affordable
rented homes, we have continued to focus our new
development on rental properties, as can be seen 6.20%
below showing 68% of our properties are social rented.

Social Rent 6.40%
Affordable Rent
Housing for Older People
Supported Housing
Keyworker Housing
Care Homes & Market Rent 68.10%

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