Ipswich: Stoke Quay scheme offers `affordable home’

Stoke Quay, Ipswich, a cgi of how the completed sheme will look

Genesis Housing Stoke Quay, Ipswich, a cgi of how the completed sheme will look Genesis Housing

Saturday, August 2, 2014
11:20 AM

Hundreds of new homes on the way

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Stoke Quay, Ipswich homes by Genesis Housing   20/06/2014   16:06Stoke Quay, Ipswich homes by Genesis Housing 20/06/2014 16:06

The multi-million pound Stoke Quay housing scheme, being built by Genesis Housing Association, is reaching its final stages.

Stoke Quay overlooks the New Cut of the River Orwell, on the south side of Ipswich Waterfront.

Two four bedroom houses are currently for sale with a range of apartments being launched, for sale, from September,

Rental homes, available at market rent, will not be released until the new year, however.

Tony Harker, head of commercial at Genesis, said: “This is the first big project from Genesis in Ipswich.

“We are helping to build for a better future. We see in Ipswich an opportunity to help people, in Ipswich and the vicinity, to get on to the property ladder.

“We have seen this week that one in four workers, aged 24 to 34, can’t get on the property ladder. It is the same outside of London.

“That is where Genesis comes into play.

“We are in it for the long haul.

“That is what we are about. We are not just going to build properties that people don’t want - we are trying to create a whole community in everything we do.”

Already 29 local people had registered their interested in buying homes in the first phase of 52 apartments being released, he said.

“We are delighted to be able to bring affordable family living to Ipswich,” said Tony added.

“As well as creating contemporary and practical homes to suit family life, upon completion there will also be trees and landscaped green areas to encourage a real sense of community where local children can play together.”

The first two houses in the scheme are now for sale, two four-bedroom homes with a £190,000 price tag.

Under shared ownership prices can start from £47,500 under the shared ownership scheme - representing 25% of the full asking price.

Genesis Housing Assocation works right across the country, with many projects in London and the south east.

Tony Harker said: “Regeneration is an important part of what we do.

“We work with 86 different local authorities across the country from Lincoln right down to the south.

“This scheme is important for people who live and work in Ipswich; for local people who want to rent or buy.”

The scheme includes houses and flats for sale, under shared ownership, for people who live or work in Ipswich with a household income of less than £60,000 a year. There will be homes available at market rent,as well extra care homes, and general needs rental.

“We are getting lots of local interest at the moment and I hope we will see a lot more over the coming months, as our newspaper advertising gets under way.

“It is one of the benefits of affordable homes - it is enabling local people to their foot foot on the ladder to be able to rent a property and start their journey.”

At Stoke Quay, he said, there would also be nine commercial units which they hoped could help local people, even residents. wanting to start their own

Tony said he had been really impressed by the Waterfront area, and Ipswich in general.

“It reminds me of Hull and York. It is an absolutely beautiful town, I love the old buildngs, like York and the Waterfront reminds me of Hull.”

5 comments

  • The waterfront is looking better But it has a long way to go before you can compare it with York

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    Midi

    Saturday, August 2, 2014

  • Shared ownership is a really bad investment. You pay rent + mortgage, service charges in a block and take on all of the responsibility even if you only have a small share. They are also awful to try to sell. If you are in a block with social housing renters you also have the problems that go with.

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    Sentinel Red

    Saturday, August 2, 2014

  • "The old buildings, like York"!?? Is he having a deliberate laugh at our expense?

    Add your comment | Report this comment

    blue&white

    Saturday, August 2, 2014

  • Sounds like a 1970's idea that didn't work then. The fact is that in Ipswich, it will turn into a no go area and destroy the only thing that people come to Ipswich for and that is the apparently successful waterfront. It seems there is a common purpose to break everything.

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    Suffolk Boy

    Saturday, August 2, 2014

  • "Affordable" maybe but that doesn't mean nice or good value.Looks like the buyers will be packed in check by jowl and overlooking an industrial wasteland on the other side of the river and when the tide's out on a summer day, an ugly smelly sewer running alongside so the 'juliet balconies' will be un-useable. Buyers beware!

    Add your comment | Report this comment

    Gobby

    Saturday, August 2, 2014

The views expressed in the above comments do not necessarily reflect the views of this site

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