Goetre Uchaf is a new build development in Bangor, built by Redrow Homes. Cartrefi Conwy is acquiring 85 units to be let at intermediate rental rates, becoming available over the next 10 years.
The homes are designed to accommodate families and key workers and will be let at 20% cheaper than the market value. The Goetre Uchaf development marks the beginning of Cartrefi Conwy’s expansion from its traditional geographical area of operation.
Cartrefi Conwy had agreed to purchase 31 properties for intermediate rentals in accordance with the original S106 agreement. However, following a poor take-up of properties designated for Discount Home Ownership, we were approached by Redrow to purchase the remaining affordable properties on the whole of the scheme.
- Total Scheme Cost: £9.1M
- Total purchase cost: £8.595M
- 85 Units
- Mix of 2 and 3 bedroom houses and 1 and 2 bedroom apartments
- All for intermediate rent
- 10 units 2016/17
- 9 units 2017/18
- 45 units 2018/2019
- 21 units 2019/20
Last modified on July 8th, 2019 at 9:41 am