The Guernsey Housing Association (GHA) is inviting the public to view several properties at its newly completed Courtil Reveaux development at Les Islet Arsenal, St Saviours (opposite the Coachhouse Gallery) on Saturday 2 February.
The development consists of five properties for partial ownership sale and four properties for rent. Partial ownership is a form of tenure that allows buyers to purchase between 40% and 80% of a home, with the remaining equity being held by the GHA and rented to the occupant at a discounted rate. The initiative is designed to help those who cannot afford to purchase their own home to get on the housing ladder.
The properties at Courtil Reveaux are already allocated to residents from the GHA’s waiting list but the open day represents a chance for the public to view the quality of homes the GHA is building for islanders.
The site will be open to the public from 10am to 12pm on 2 February and two one-bedroom apartments and two three-bedroom houses will be available for viewing.
Anyone interested in the GHA’s partial ownership scheme should complete the application form on GHA’s website at www.gha.gg or call the GHA office on 245530 for a form. Eligible applicants will be placed on a waiting list; the waiting time to be allocated a property has reduced and is two-to-three years depending on the type of property and location required.
Steve Williams, chief executive of the GHA, said: “Partial ownership is a great way of helping house buyers in Guernsey, who cannot otherwise afford to buy in the local housing market, get on the property ladder.
“Courtil Reveaux is our latest development and we are steadily building more partial ownership homes to meet the needs of islanders. We also have homes sold back to us every year as people move up the ladder and out onto the regular housing market. These properties are then sold by the GHA to new buyers from our list.
“Our properties are built to a high standard and we invite the public to join us on Saturday morning to take a look around four properties to see what we offer, learn more about partial ownership and rent and chat to our team.”
Some of the development is built over an existing German command centre and access has been left through a manhole in a rear garden. Festung Guernsey will be allowing the public to view it but visitors are advised to be prepared for a climb down a tunnel and not to wear their smartest clothes.
The open morning takes place on Saturday 2 February between 10am and 12pm at the Les Islets Arsenal, St Saviours, off the Route du Longfrie. There is some parking on the development but the GHA would encourage those visiting to try to minimise car use if possible, (bus stop adjacent). The development is at Perry’s reference page 21, F5.