Ongo-ing project to put new homes on the market and reinvest in rental
Martin Phillips and Pete Stones of Ongo, centre, flanked by Steve Sowerby and James Bonsall of TG Sowerby. Picture: Richard Walker/ www.imagenorth.net
By Scunthorpe Telegraph | Posted: 16 Jul 2018
ONGO, North Lincolnshire’s largest landlord, is embarking on a significant new project which will see them add homes for outright sale to the property portfolio.
It is the first for the Scunthorpe-based company, which has announced its initial development at Blyton, near Gainsborough.
The 14-month programme to build 14 homes for sale is now underway.
Ongo’s aim is to generate revenue from the sale of new homes to subsidise the building of more much-needed affordable homes for rent.
Since its formation in 2007, the organisation has built 375 homes for rent and plans to build 750 more by 2020. This would increase its total housing stock to almost 11,000.
Pete Stones, Ongo’s director of property, said: “With more than 7,000 people registered on the housing list in North and North East Lincolnshire we know there is a demand for high quality, affordable homes to rent.
“While much of our development of affordable housing has relied on grants from central Government in the past, generating revenue through new home sales allows us the opportunity to accelerate and even extend our build programme.
“We have grown our development team and are excited to have a number of potential projects in the pipeline, working with local contractors to deliver high quality housing.”
Ongo is partnering with Scunthorpe firm Sowerby Developments Ltd to deliver the Blyton scheme, which includes a range of two, three and four-bedroom houses and bungalows with prices starting from £140,000.
Steve Sowerby, of TG Soweby Developments Ltd, said: “We are immensely proud to be partnering with Ongo once again, this time to deliver their first scheme of homes for sale. This site, on the edge of the village, has been designed to resemble a farmstead, allowing the properties to fit naturally into the rural setting and such a prestigious scheme will give our tradesmen the opportunity to really showcase their skills.
“This project will create employment opportunities both within our firm and other local organisations in our supply chain, as well as allowing us to continue our commitment to providing a pathway into the construction industry for young people with opportunities for work experience and apprenticeships with our firm.”
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