Ideal modular homes

Modular homes: A viable way to add new homes to the market?

Modular homes are being touted as an option in the need to add more housing to the UK market.

They offer an efficient, cost-effective way building on a production line.  And they can negate the effects of the fickle British climate by being put together indoors.

Ideal Homes, a recent start-up in Liverpool, has a second indoor production facility ready to build more unites just over a year since their first facility opened. They could turn out 1,5000 unites a year, adding to an increasingly prolific and innovate sector of the construction industry.

Modular factories in the north and the south

Legal and General make around 4,000 modular homes at their factory in Leeds, while Ilke Homes in North Yorkshire are hoping to increase their output to about 2,000. Further south, Berkeley Homes have announced their intentions to build 1,000 homes in their new factory in Ebbsfleet in Kent.

Developer Urban Splash have recently announced their intentions of adding modular units over two sites in the north-west if England. Contracts have been exchanged with Peel L&P for 347 units at Wirral Waters, and plans are in for 18 at New Islington in Manchester.

“With billions now being invested the UK government would like our industry to supply around 60,000 homes a year within a decade,” says Nick Fulford, CEO of modular housing brand nHouse.

“It’s going to be much more common to see all sorts of modular homes around Britain.”

Another way to see that modular homes could be seen more in Britain will come if you crane your neck upwards.

Homes England and Apex Airspace struck a deal in early 2019 that will see modular homes being built on top of existing properties across London. Five London boroughs – Tooting, Wanstead, Walthamstow, Putney and Wallington – will see 78 units, made on production lines, winched high into the air and into place on the roofs of suitable buildings.

The £9 million from Homes England comes from the government’s £4.5 billion Home Building Fund. And, in a move to encourage first-time buyers, the deal stipulates that all 78 must be priced within the Help To Buy threshold of £600k.

Self-certified Sophisticated Investor

Please read

I declare that I am a self-certified sophisticated investor for the purposes of the restriction on promotion of non-mainstream pooled investments. I understand that this means:

I am a self-certified sophisticated investor because at least one of the following applies:

I accept that the investments to which the promotions will relate may expose me to a significant risk of losing all of the money or other property invested. I am aware that it is open to me seek advice from someone who specialises in advising on non-mainstream pooled investments.

High Net Worth Investor

Please read

I make this statement so that I can receive promotional communications which are exempt from the restriction on promotion of non-mainstream pooled investments. The exemption relates to certified high net worth investors and I declare that I qualify as such because at least one of the following applies to me:

STAY AHEAD OF THE MARKET

Sign up for first access to new developments and exclusive property investment opportunities.

We send limited and targeted emails on new launches and exclusive deals which best fit your areas. We are trusted by over 30,000 active buyers as their source for new stock.

  • New property developments
  • Professional market reports
  • Property deal alerts
  • Development updates
Manchester property investment

FIRST FOR NEWS AND KNOWLEDGE.

Receive trending news straight to your inbox and stay up to date on all of the property market trends and advice.

Established since 2005 we are a leading voice of authority and commentary on the UK property market. Our news is trusted by Apple News & Google News.

  • UK housing market
  • Mortgage & money
  • Buy-to-let landlords
  • Guides & advice

Talk to us

Speak to our UK property experts today:

 

+44 (0) 333 123 0320

Open from 9am-6pm GMT

 

+852 6699 9008

Open from 9am-6pm HKT