In exciting news for affordable housing on the Isle of Wight, we are pleased to be working together with Capture Housing, a new provider of affordable housing who will be launching quality new shared ownership homes, to Ryde residents at West Acre Park.
The first nine affordable homes are made up of two and three bedroom properties and will be available with prices starting from just £105,000 to purchase a 60% share. The homes will be built to the same specification as our open market properties, offering purchasers an enhanced experience such as choice of kitchens, selections, and extras. This is rarely the case with affordable housing.
Capture Housing’s aim is to achieve excellence in the delivery of affordable housing and they are passionate, as are we, about improving the housing situation on the Isle of Wight for those finding it difficult to access the market.
At Captiva we launched the first phase of our West Acre Park development, a mixture of 1,2, 3 and 4 bedroom homes off Hope Road in Ryde, back in February and we have quickly sold out of the first two releases of open market homes. We are delighted to say that 85% of purchasers to date are made up of local people and 50% of homes have been sold to in need first time buyers. We are very excited about this next step and our relationship with Capture enabling even more people to become homeowners.
The Capture Housing team is headed up by director Peter Griffiths who lives in Ryde himself. Talking with Peter, it is evident how passionate he is about improving the Island’s affordable housing offering. He said: “We are really excited to launch our new Shared Ownership homes at West Acre Park, Ryde. At Capture we take pride in creating great value affordable homes for local people and with that in mind we are seeking to sell these homes to existing residents of Ryde first.
“As a resident of Ryde myself, I am acutely aware of the ongoing need for new housing that local people can afford. I am committed to ensuring that the needs of Island residents are heard, and that new Affordable Housing is delivered to meet local needs first.”
“Shared Ownership offers a clear pathway for people to get on to the property ladder with a lower deposit and we would encourage anyone who is interested to get in touch to discuss how this product may help them realise the dream of home ownership”
As an Island company passionate about the Isle of Wight and its people, all of us at Captiva are very pleased Capture Housing is the chosen provider for Affordable Housing at West Acre Park, especially as there has been a lack of Affordable options for people in Ryde. We look forward to delivering more Affordable opportunities for local residents together in the near future.
If you are interested in securing one of these Shared Ownership homes please contact the West Acre Park sales centre on 01983 214020, you can also view property information at www.capturehousing.com