Housing plan to boost Preston’s rental market

Housing plan to boost Preston’s rental market
Housing plan to boost Preston’s rental market

A recently cleared site close to Ribbleton Park is set for redevelopment to boost Preston’s stock of affordable housing rental properties.

The Community Gateway Association (CGA) has submitted design plans to the town hall for land adjacent to Thompson Street and Shakespeare Road.

Several blocks of flats which previously occupied the brownfield site have been recently demolished with the developers fearing the location could attract anti-social behaviour if left vacant for an extended period.

In their place will be 10 three-bedroom properties “available for affordable rent.”

The layout includes 20 car parking spaces with some of the properties served by a new access road off Thompson Street.

According to the design plans submitted to the town hall, the proposals attracted a 100 per cent approval rate from neighbours as part of a CGA consultation although “the turnout was lower than expected.”

The location is within the boundaries of the Inner East Preston Neighbourhood Plan which outlines regeneration priorities in Fishwick and St Matthew’s wards.

Planning documents state: “The development will provide much needed affordable housing to the inner east area of Preston.

“The proposal regenerates a site that could fall victim of neglect, pollution and vandalism. (It) will also be a step towards reducing the housing shortage in this area by supplying desirable, high quality housing.”

The plans are likely to go before the city council’s planning committee in the early part of 2018.

Could technology push the mortgage market to undergo Uber-ification?

Technology has revolutionised many industries: the hotel industry has AirBnB, taxis have Uber and diners have Deliveroo, but what could technology hold for the future of the mortgage industry? “The mortgage industry is rarely at the front of the queue for innovation,” says Mark Lofthouse Chief Executive Officer of Mortgage Brain. However, technology is beginning […]

Over one million UK homeowners on wrong mortgage deal

Over 1.1 million UK homeowners are sitting on the wrong mortgage deal and wasting over £2,500 every year according to latest research. The research from L&C Mortgages also discovered that 30 per cent or 3.4 million households do not know their current interest rate of their mortgage, and with a total £2.78 billion in lost. […]

70% of Brits would pay more for a rental with the perfect flatmate

The average age when Britons living in rental accommodation think they’ll be able to afford their own house is 33. The survey by Spark Energy found that one in six respondents (17 per cent) don’t believe they will ever be able to raise the money to purchase property. Indeed, people living in London and Manchester […]

Student complex nears for Canterbury Hall site

A prime building site, which has stood empty and overgrown for 10 years, could finally be brought back to life as luxury student flats. The land, where Preston’s Canterbury Hall stood until it was bulldozed in 2007, is on the verge of being reborn after major plans for a five-storey accommodation block were backed by […]