100 new homes in Gainsborough

100 new homes in Gainsborough

A total of 100 homes will be built across four sites in Gainsborough over the next 12 months, for affordable rent and shared ownership.

The first 11 will be complete in December 2023 at Thonock Vale, followed by a further 12 at Rose Gardens and 13 at Foxby Lane in March next year.

A huge development of 64 homes will then begin in Spring 2024 at Heapham Road (subject to planning).

Included across the locations are two, three and four-bedroom homes, and one-bedroom flats.

Shared ownership allows for a share of a property (between 25-75%) to be bought and rent to be paid on the rest. Then, when it is affordable, larger shares can be secured until reaching 100%.

This provides a much more affordable route for those unable or struggling to save a large deposit and is becoming more popular in the region.

Martin Phillips, Development Manager here at Ongo said: “100 homes is a huge amount and there’s such a variety included in these sites, which is great to see.

“Demand is currently higher than ever, so we know how much this will benefit local people, and the Gainsborough area.

“From single occupants to large families, there are homes to suit a range of people in these plans, along with more accessible and affordable options to buy.

“Shared ownership is a fantastic, but often misunderstood product, so I’d recommend anyone interested to take a look at our website, find out more about how it works and look out for when they become available.”

For more information on our current or upcoming development plans, follow us on social media or head to here on the website.