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News Archive

Elim news archive

 

Welcome to the Elim News Archive. This page displays all past news articles in chronological order that have appeared on the Elim Housing Association home page. 

You can navigate to older articles by either scrolling down this page or by making use of the archive function on the right hand side. 

 

 

Elim news archive — articles for May 2017

Forecastle development works well under way

Forecastle May 17 front

 

The refurbishment of our supported housing project in South Gloucestershire, The Forecastle, is now well underway.

The year long project will update the accommodation for single homeless adults providing 18 units each with its own en-suite bathroom and kitchenette.

The first phase of the project, which is the refurbishment of the house, started in March 2017.    This work is on schedule to be completed at the end of June.

We decided to demolish to existing annexe building as it no longer met our needs or those of our residents and it was becoming increasingly expensive to maintain due to its age.  The residents of the existing annexes will be moved to the house once completed to allow us to replace the old annexe with a new 2-storey block which will be connected to the maint house by a single storey building containing offices and communal spaces.  The current residents are very excited about their move in the summer.

We are also developing a community wellbeing hub in the old gate house building on site and improving car parking arrangements as part of the project which has been funded by the Homes & Communities Agency in conjunction with the NHS and South Gloucestershire Council as well as from Elim Housing.

 

 

Forecastle May 17 kitchen        Forecastle MAy 17 wardrobe

 

Read Forecastle development works well under way…

1 bed flat for sale

We have just one flat remaining for sale at our brand new development on Bromley Road in Kingsway, Gloucester.  This beautiful one bedroom flat is available immediately through shared ownership and you can buy a 40% share for just £47,000.

This is a great way to get onto the property ladder especially if you only have a small amount saved up for the deposit or the amount you can borrow is limited as you are on a lower income.  Purchasing a 40% share of the property would be possible with a deposit of just £4,700 and the monthly payments would be around £468*.

To be eligible you need to be registered with Help to Buy South, ideally have a local connection to Gloucester, be able to pay the deposit and cover any legal costs of purchasing a home, have a household income of under £80,000 and not be able to afford a suitable home on the open market.

This is a perfect opportunity to buy your first home but you don't have to be a first time buyer to be eligible.  For example, if you are selling a jointly owned home due to a relationship breakdown but are not able to buy alone on the open market then you would be eligible providing you meet the other eligibility criteria.

The flat is at the back of a small block of 12 properties.  The brand new fitted kitchen includes the oven and hob as well as vinyl floor covering.  The bathroom also has vinyl flooring and includes an overbath shower.  The property has one allocated parking space and there is a small communal garden.

For more information about the property or to book a viewing visit our sales partner Twocan Estate Agency

Kitchen 1 bed flat Bromley Road       Front of flats at Bromley Road      Bathroom in BRomley Road flat

 

* These figures are for illustrative purposes only based on a 40% share with monthlyrent of £161.56, monthly service charge of £71.12 and monthly mortgage payment of
£235.12 (Based on mortgage of £42,300 over 25 years at 4.5%) You should obtain your own independent financial advice.

 

Read 1 bed flat for sale…

Lime Property Ventures success

 

Lime Property Ventures (LPV) Elim’s commercial subsidiary was formally launched in early 2016 with plans to re-develop Hathaway House, a former supported housing scheme in central Bristol, into student accommodation.

Lime Property Ventures officially started trading in September 2016 when students moved into Hathaway House and at the end of the financial year, after just seven months of trading, LPV is generating a profit.  This was generated through a small number of open market property sales and the rental income from the student accommodation.

We are thrilled that this has allowed LPV to make a donation of £50,000 to Elim Housing Association at the end of the 2016/17 financial year.

This donation will be used to achieve the Elim Group’s vision, and will be invested in projects that will have a direct social impact in line with our charitable objectives. 

We are confident that Lime Property Ventures will continue to generate profit for further investment as well as providing the group with the flexibility to take on a greater range of projects by providing the group with the means to consider both new opportunities and different ways of working.

This includes, in the year ahead, taking on large new-build developments in partnership with Elim Housing or other developers in addition to developing smaller plots of land already owned by the group.

We are excited about the opportunities that Lime Property Ventures first full year of trading will offer and the benefits this will have for the Elim Group.

Read Lime Property Ventures success…

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