250 interested... in just 15 homes

Wednesday 26 June 2019

Andium Homes has reported "unprecedented demand" for 15 flats on offer at Belmont Court - with 16 times more expressions of interest than there are flats.

Over 250 expressions of interest have been sent for the 15 apartments, which will be sold to First-time Buyers through the Affordable Housing Gateway at a discount of up to 20% of the market value.

The flats will be completed towards the end of the year on the site that previously housed the large boilers required for beer production at the Ann Street Brewery over the road.

They will include three one-bedroom apartments, 11 two-bedroom apartments and one three-bedroom apartment.

Pictured: The flats have been built on the site that previously held the the Ann Street Brewery's boilers.

Jonathan Gough, Head of Financial Planning at Andium Homes, said “It is going to be a fantastic development and an exciting step forward in the regeneration of the north of town. It is always difficult to gauge demand for these types of units, but it’s very clear it’s there.

"This area of town is going to benefit from significant re-development over the next three to five years, with the plans for the Gas Works and Brewery sites and the work which has already begun at Ann Court. I think people have seen that and want to be part of it."

The latest figures from the Affordable Housing Gateway show that demand for affordable first-time buyer homes continues to increase with 24 more applicants registered in the last month. At the end of May, 181 families were on the waiting list for one-bedrooms and 498 for two-bedrooms. 

Andium Homes is currently on site delivering 760 new homes, 62 of which will be for sale to First-time Buyers.

The level of demand comes just months after a report revealed the immense housing pressures facing the island, stating that 7,000 new homes would be needed be 2030 to accommodate Jersey's growing population, which is now estimated to stand at over 106,000.