Housing association Suffolk Housing completes its first open market sales
- Credit: Archant
Suffolk Housing has completed the sale of properties on the open market for the first time in its 42-year history.
The Bury St Edmunds-based housing association has sold two three-bedroomed houses and three two-bedroomed bungalows at Station Field, Boxford, through its subsidiary company Linnet Sales and Lettings.
All of the surplus from the sale will be reinvested into improving services for current tenants and developing more affordable homes for people in housing need.
The private properties form part of a larger scheme which Suffolk Housing is developing at the site, which also includes six shared ownership homes and 14 which will be rented to people who have a connection to the village.
Sue Philp, chief executive of Suffolk Housing, said: “This is our first mixed tenure scheme and we are delighted that both the open market and shared ownership sales have been such a success.
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“All of the properties which form part of our scheme in Boxford have been built to an extremely high standard and we are very pleased with the end result.
“We will continue looking for new opportunities to develop properties for sale on the open market so that we can invest further in our affordable housing stock and help even more people in housing need into a secure home.”
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