The Guide & Gazette was in at the ground floor last week of a building project to revitalise Carnoustie High Street with affordable homes.
As part of Angus Council’s ‘Survive and Thrive’ initiative the authority is working in partnership with DJ Laing Homes to transform the former Lord Snooty’s at 2 Queen Street into seven new affordable homes.
Eligible buyers will only require a five per cent deposit and finance based on 80 per cent of the purchase price with Angus Council retaining a 20 per cent share in the property for up to 10 years.
The project represents a good opportunity for both first-time buyers and local business as Angus Council housing spokesperson Councillor Donald Morrison explained: “It’s great working in partnership with a well-known and well-established business and developer. It’s always good for the local economy and local employment, the Spar, tea shops and bakeries then get a boost as well.
“We are acutely aware of how challenging it can be to buy your first home and it is particularly important that we, as a council, do what we can. By developing a range of housing options we are assisting buyers who live or work in the town to achieve home ownership.”
He continued: “It’s also important as technology has moved on town centres have to redesign themselves. It’s important buildings like this are kept available as housing or as retail.
“It allows more people to live in the centre of the town and they can pop across the road and use the shops there, instead of going to Dundee.”
Karen Nicoll, director of DJ Laing Homes added: “Obviously in the current economic times it’s important to keep companies going and obviously help local people get on the housing ladder and buy their first home.”
Due to finish in the summer the project will provide two one-bedroom flats, four two-bedroom flats and one three-bedroom flat, at fixed prices of £85,000, £105,000 and £140,000 respectively.