Investment in new homes

We’ve sealed the deal on a new housing development which will offer residents great views like these.

We’re working with Ferndale Developers to build 13 homes in the village of St Ann’s Chapel, near Gunnislake.

Ferndale owns the site and is building the homes and we’re buying the units as part of a Section 106 agreement.

This means people with a local connection get priority on bidding for the affordable rented homes.

Ferndale is also selling 12 properties on the open market.

Our homes will include five for shared ownership sale through SO Living and eight for affordable rent.

The homes will come over to us in three phases and will include a mix of flats and houses and range from one beds to four beds.

Our first homes will be ready to let next month.

The scheme, which will be marketed under the name Copper Downs, is due to be completed by next spring.

Craig Francis, PCH Development Manager, said: “We’re pleased to be entering into this partnership with Ferndale Developers to offer much-needed affordable housing for people in this particular corner of Cornwall. These are good-sized units and are being built to a nice specification and finish.”

Kath Prout, Contract Manager for Ferndale Developments, said: “Ferndale Developers are pleased to be building 13 houses and apartments for rent and shared ownership for PCH at St Ann’s Chapel.

“We’re a local building company, using local subcontractors – some of them have worked for us over 20 years.

“Our quality is very high, and we like to have a very friendly approach to our buyers.

We are pleased that the homes we are building for PCH will be available for people who have a local connection. We have enjoyed working with PCH and Gates Partnership.”

Andrew Mitchell, Cornwall Council Cabinet Portfolio Holder for Homes, said: “Delivering good-quality homes for local people is a priority for Cornwall Council.

“This new development in St Ann’s Chapel by one of our registered providers will enable Plymouth Community Homes to provide a great mix of homes and a place to live for 13 local households, either through shared ownership or for rent via the Cornwall Homechoice register.”