Member Article

Few properties remain as social housing provider celebrates six months of growth

A social housing provider that has grown its portfolio by 50 per cent in the first half of 2019 has only a handful of properties remaining after an upturn in demand.

Hellens Residential has seen great success in the first six months of the year, having brought 79 new properties to market across the North East region, boosting the number of properties on its books to more than 150.

The mix of bungalows, apartments and two and three bedroom homes in areas including Darlington, Stockton and Middlesbrough have been snapped up by eager house-hunters looking for affordable rent, rent to buy and discount sale options. And now, only 16 properties remain available within the firm’s portfolio.

However, from next week, Hellens Residential will be launching the third phase of two and three bedroom homes in Norton, Stockton on a rent to buy basis, thanks to its excellent working partnership with the builder, Barratt Homes, which has helped accelerate delivery.

The 15 stylish properties form part of Jubilee Gardens, which is within easy reach of the A66 and A19 roads. The new homes, five of which are already pre-let, will suit a range of needs from commuters to first time-buyers and families.

Kate Hellens, managing director of Hellens Residential said: “We all know how difficult it can be to get on the property ladder, so we’ve been elated at how many people we’ve so far been able to help secure an affordable home in the region.

“We pride ourselves on the quality of our properties too, and Jubilee Gardens is a great example of the type of options we provide so all our residents can enjoy a great standard of living at a manageable cost.”

Hellens Group, which incorporates commercial property, civil engineering and land development, is also working with Darlington Borough Council to deliver Burtree Garden Village, a 2,000-home site at Faverdale, as well as 200,000 sq m of employment space to support jobs and growth in the region.

Kate continued: “It is our intention, with the support of Homes England, to make 500 of these properties affordable homes. This will significantly strengthen the offer of affordable homes in Darlington, and provide a greater choice to meet a wide range of needs.

“The development will also include on-site amenities such as a care home, retail facilities and space for a new primary school, with infrastructure upgrades to enhance connectivity in and out of Darlington.”

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