David Cameron, Prime Minister, visited Weston Homes’ Aura development in Edgware recently as part of the Conservative Party’s pledge to support the new homes market in London.
Aura was chosen for the visit because it provides an example of best practice in local level regeneration. Built on a derelict brownfield land site, Aura will provide 189 homes of mixed tenure including one, two and three bedroom apartments and three, four and five bedroom townhouses all designed around a central water feature.
Box & Charnock is on site providing a comprehensive plumbing and heating installation and such is the scale of the operation that we have 15-20 fitters on site at any one time to complete phase one of the scheme.
“The Prime Minister took an active interest in the development, visiting parts of the site currently under construction and spending time speaking to staff about skills and training within the industry, jobs and selling homes to Londoners,” said Jason Benson, joint managing director Box & Charnock.
The Conservative Party’s Housing Plan for London sets a target of 400,000 new homes in London by 2025 and half a million new jobs to be created across the capital by 2020. Fifty thousand new homes are planned for the first 12 months of the new initiative with Edgware and its surrounding area identified as a key regeneration and development zone, one of 20 being created across the capital.
Over 60% of the development has been forward sold at prices ranging from £240,000 for a one bedroom apartment up to £495,000 for a three bedroom house. Over half the purchasers at Aura (54%) have been first time buyers: of these 21% have benefitting from the government’s Help to Buy initiative.