Lowfield Green aims to create a strong community of people interested in finding a solution to the problems of traditional housing models.
Our houses are built along One Planet Living principles, meaning that while they’ll meet the needs of the people who live there, they also use resources in a way that our planet can sustain.
And unlike most houses, the homes we’re creating won’t ever be sold on the open market for quick profit. Residents will be shareholding members of the cooperative that owns the houses, paying a deposit and monthly contributions to give them security and equity.
House prices for Lowfield Green are significantly reduced compared to similar-sized properties sold on the open market, resulting in a substantial increase in affordability.
|Market value||YorSpace equity value|
|1 bed flat||£135,000||£81,928|
|2 bed flat||£160,000||£100,510|
|2 bed house||£200,000||£114,024|
|3 bed house||£250,000||£128,382|
|4 bed house||£300,000||£183,283|
|Typical monthly mortgage||YorSpace monthly payment||Average market value||YorSpace total price|
|1 bed flat||£642||£474||£135,000||£81,928|
|2 bed flat||£760||£581||£160,000||£100,510|
|2 bed house||£950||£659||£200,000||£114,024|
|3 bed house||£1,187||£742||£250,000||£128,382|
|4 bed house||£1,400||£1060||£300,000||£183,283|
All figures provided are estimates and subject to change
Express your interest by becoming a YorSpace member, it costs £2 and allows you to join our housing interest register
Since January 2017, YorSpace has attracted over £240,000 worth of grant funding. This has financed pre-development works and the planning phase of Lowfield Green.
We’ve secured grant money to cover the 15% deposit needed to purchase the land, with money raised from the share offer needed to buy the land, cover fees and YorSpace’s development costs during the build phase.
We’re in negotiations with the Community Shares Booster Programme to secure an equity investment which would mean that for every pound invested by individuals up to £100,000, another pound will be invested in matched shares.
We are still finalising details of our share offer and will confirm this soon. We expect the minimum investment amount to be between £200 - £1000.
One Planet Living is a sustainability framework used to design and shape YorSpace homes. It is different from other sustainability frameworks because: