Here are some of the current properties that we are working on at this current time
This was occupied from March 2019. This has been transferred into KGE. These units are let at affordable rent and the rentals set by Council result in a loss-making position for the Company. However, the savings generated to the Council’s general fund far outweigh the losses incurred by KGE from the lower rent, so the Company has agreed to take on the property. This illustrates the importance of the Company having strong, independent representation at Board level to ensure that such decisions are always robustly debated before any transfer takes place.
Spelthorne Borough Council completed the development of three new two-bedroom homes in Sunbury in October 2018.
Built on the site of the former derelict Churchill Hall in Sunbury-on-Thames, the Council developed the properties to provide private rented accommodation for local residents. The homes are energy efficient and built to a high spec with car parking and gardens.
Income generated by Spelthorne’s commercial property investments has helped fund the project.
Cllr Mark Francis, Spelthorne’s Cabinet Member for Housing, said: “This is a very exciting initiative. I’m extremely pleased with what we’ve achieved and hope the tenants are very happy in their new homes. Spelthorne Council is committed to increasing the availability of good quality affordable housing in the Borough and look forward to delivering more schemes like this in the near future.”
One of the new tenants, Ms Katie Bagley, said: “We were really pleased when we had a look around our new home. We’ve been waiting for a very long time so it’s very exciting to be given this opportunity as it really is a lovely place.”