The latest project for the Bradwell Community Land Trust is we are working with Derbyshire Dales District Council, from whom we have secured a substantial grant, to purchase a property in the village, initially to house Ukrainian refugees, and subsequently to be added to our stock of affordable homes for local people.
We conducted a survey of members about the project and were delighted when the response was overwhelmingly in favour.
We are very pleased to announce that we have found a suitable house, and that our offer of £285,000 has been accepted. It is a three-bedroomed semi in good condition, in a good location in Bradwell itself, with a garden and dedicated parking. We are especially pleased that no other offers were made for this house, so there is no danger of our having priced out a potential local buyer.
The grant will cover nearly half the cost of the property and we have a firm offer, subject to survey, of a mortgage from Charity Bank, which specialises in supporting social projects. In the slightly longer term, we are considering launching a Community Shares offer, inviting local people to invest in this and future projects.