Avant Homes announces first 100% affordable housing deal with £18m sale of 90 homes to Sage Homes in Melton Mowbray
Development
23 Jul 2025
Avant Homes has announced the £18m sale of a wholly-affordable scheme of 90 homes at its Welby Grange development near Melton Mowbray, Leicestershire, to Sage Homes, England’s largest provider of affordable new homes for the last four years.
This is the first 100 per cent affordable housing deal that
Avant Homes has undertaken and forms part of the business’s ongoing
multi-tenure growth strategy.
The homes include two- and three-bedroom semi-detached
houses and four-bedroom detached properties. The first completions at Welby
Grange took place in June, and it is anticipated that all homes will be
completed by next March to EPC ratings of ‘B’ or higher.
The homes will be offered to customers on a predominantly
social rent basis, with some affordable rent and shared ownership homes also
available. Delivery of this wholly-affordable scheme was made possible by grant
funding from Homes England’s £500m top-up, announced by the UK government last
October to boost the Affordable Homes Programme.
Phil Lacey, Avant Homes Group head of affordable housing
delivery, said: “Being able to announce our first ever 100 per cent affordable
housing deal with Sage Homes is something of which we are very proud.
“During the course of the transaction, we developed great
working relationships with the teams at Sage Homes and Homes England.
“Our intention is to further grow and evolve these
relationships as we deliver our homes with Sage and explore new opportunities
together.
“In line with UK government housing policy, we have a focus
on providing additional affordable homes wherever possible and are actively
seeking out more deals of this type.
“Our vision is to deliver quality homes for everyone and
Welby Grange will show how effective our multi-tenure strategy is. The
development will provide energy efficient new homes for those people that need
them most, ultimately becoming a thriving part of the local community.”
Carl Maher, head of acquisitions at Sage Homes, added: “Sage
only invests in high-quality, energy-efficient homes, which are let to people
on local authority waiting lists or sold as shared ownership properties to
those who would otherwise be unable to afford market rates.
“We are delighted to have worked in partnership with Avant
Homes and Homes England to deliver this development for the people of Melton
Mowbray and are proud that the vast majority of the homes will be let to local
people at social rent levels.”
A spokesperson for Homes England said: ““As the Government’s
housing and regeneration agency, increasing the supply of quality affordable
homes remains one of our key objectives and we are committed to supporting
Avant Homes and Sage Homes to achieve their ambitions.
“This wholly-affordable scheme is a prime example of how we
work collaboratively with partners, through the Affordable Homes Programme, to
achieve our mission to build much needed new communities that people can be
proud to call home.”
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