Discounted starter homes to be built in Sheffield, Rotherham and Chesterfield

Discounted starter homes for young first-time buyers are to be built, with Sheffield, Rotherham and Chesterfield set to benefit.

Tuesday, 3rd January 2017, 8:02 am
Updated Monday, 9th January 2017, 12:12 pm
New homes are to be built in Sheffield

Thirty areas have been earmarked for Government funding for the scheme, which will see new homes built on brownfield sites.

Housing minister Gavin Barwell said the first phase of building work will start this year.

The houses will be available exclusively to first-time buyers aged between 23 and 40 at a discounted price of at least 20 per cent below market value, with a cap of £450,000 in London and £250,000 outside.

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They will form part of the Government's target to build 400,000 new affordable homes.

Mr Barwell said: "This Government is committed to building starter homes to help young first-time buyers get on the housing ladder.

"This first wave of partnerships shows the strong local interest to build thousands of starter homes on hundreds of brownfield sites in the coming years.

"One in three councils has expressed an interest to work with us so far."

The first 30 local authorities have been selected on the basis of their potential to build the homes quickly and the partnerships have been established under the Government's £1.2 billion Starter Homes Land Fund.