Croydon Council has welcomed the first batch of affordable homes now available to borough residents through developer Brick by Brick.
Work is being finalised on turning the site of a derelict former care home off Chipstead Avenue in Thornton Heath into Flora Court, a scheme consisting of 24 shared ownership flats and three affordable rented flats.
From today, the shared ownership part of the scheme goes on sale, meaning that homes starting from £315,000 will cost £78,750 for those buying a 25% share. The three affordable rented homes will go to people on the council’s housing waiting list.
The council set up the developer in 2016 to boost local housing supply by developing more than 2,000 good-quality homes, including affordable homes, with any profits from development to be returned to the council to reinvest in the borough.
The first Brick by Brick homes went on sale at the Auckland and Ravensdale sites in Upper Norwood in March. Brick by Brick is also building another 24 schemes which are either on site or coming into contract. Many more sites are at various stages of the planning process.
“The council set up Brick by Brick to boost supply of homes for Croydon people that are good-quality and genuinely affordable, so this progress with Flora Court is very encouraging.
“This will be the first of many Brick by Brick schemes giving local people affordable rented homes, which will remain in the public sector for those in need for many years to come.”
Councillor Alison Butler, deputy leader and cabinet member for homes and Gateway services