Customer Choice in Housing Who are we? Responsible real estate - - PowerPoint PPT Presentation

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Feb 19, 2023 48 likes •410 views

Customer Choice in Housing Who are we? Responsible real estate company Investing 1bn+ to deliver 5,000+ homes Seeking financial & sustainable returns Innovator/disruptor Granary Wharf, Leeds Green Street, The

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Customer Choice in Housing

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Responsible real estate

company

Investing £1bn+ to

deliver 5,000+ homes

Seeking financial &

sustainable returns

Innovator/disruptor

Who are we?

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Granary Wharf, Leeds

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Green Street, The Meadows, Nottingham

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The Malings, Ouseburn, Newcastle

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Should customers have more say in the design of their home?

1m homes bought/sold each year
75% won't buy a home less than 10 years old
53% want to design their own home
Only 12,000 succeed each year = c.10% of new homes

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Customer choice exists overseas

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“Self Build covers someone who directly

rganises the design and construction of their

new home… Custom Build covers someone who commissions a specialist developer to help to deliver their

wn home”

Brandon Lewis MP, Housing Minister, Right to Build Debate in the House of Commons (24th October 2014)

Self Build vs Custom Build

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Custom Build in Holland (Serviced Plots)

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Custom Build in Holland (Plot Passport)

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Custom Build in Holland (Home Manufacturers)

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Homeruskwartier, Almere, 2006

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Homeruskwartier, Almere, 2008

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Homeruskwartier, Almere, 2014

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“Bungalows”

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Detached Houses

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Affordable housing

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“Terraces”

Properties people want to buy (size/specification) Funded in part by lower developer profit – sale

f serviced plot/customer funds build

Other savings, e.g. lower SDLT, CIL exemption

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The Alchemy

Properties people want to buy

(size/specification/appearance)

Developer sells at serviced plot & customer

funds build = lower profit

Other savings, e.g. lower SDLT

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Complements volume housebuilder product
Faster sales rate
Developments completed quicker
Stronger communities

Benefits for developers & Government

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Target: 20,000 homes pa by 2020
Policy Measures:

– NPPF / PPG – 12 Pilot Sites – Home Building Fund – CIL Exemption – “Right to Build”

Growing the sector - Government support

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Seeking “permission”
New lending policies & computer systems
Getting on the radar of lenders
Attracting new lenders to the sector

Growing the sector - Mortgage finance

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Growing the sector - Consumer awareness

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7 homes in Nottingham - Completed May 2015

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54 plots in Cornwall – Infrastructure & sales underway

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Dwelle

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Lightbox House

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MyHouse

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Potton

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LittleBIG House

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Balehaus

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Trent Basin, Nottingham (100+ Custom Build plots)

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Chapel Garth, Sunderland (100+ Custom Build plots)

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100 Acre Hill, Glasgow (100+ Custom Build plots)

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Continuing to innovate - Digitising Custom Build

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