An affordable housing development which overlooks the Shore in Leith has ‘sold-out’ within a month of being released by Port of Leith Housing Association (PoLHA).
Sixteen properties in the 60-apartment are designated for ‘shared ownership’, where people buy and own a percentage of the property and rent the remainder from the Association, and each of these have now been reserved. PoLHA received around 60 applications for the properties, which were priced from £127,500 to £170,000 with most purchasing a 25% share. The remainder of the flats will be allocated for social rent.
Keith Anderson, Chief Executive of Port of Leith Housing Association, said: “We have had a phenomenal response to the shared ownership offering at Coburg Street. These are set to be great flats in a great location so that undoubtedly added to their appeal. However, it also highlights the desperate need there is for affordable homes and how difficult it is for people, particularly young people on starter salaries and others working in key roles such as nursing, to get on the housing ladder. The need for affordable housing has never been greater.”
The flats have open-plan living spaces with modern fitted bathrooms and kitchens including all integrated appliances. Most of the two bedroom properties feature en-suite shower rooms. There are balconies and terraces in 10 of the properties, with a communal landscaped courtyard, as well as a secure underground car park.
Building is due to be completed in the autumn.
Dave Pickering
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