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Time capsule commemorates Stonewater's 2000th home

The capsule was planted by pupils from Evercreech CofE Primary School in Somerset, marking 2000 affordable homes built by the social housing provider

Posted by Julian Owen | April 25, 2018 | Events

The planting of a time capsule by pupils from Evercreech Church of England Primary School, near Shepton Mallet, has marked the completion of a milestone: 2000 new affordable homes built by ambitious social housing provider Stonewater since it was formed in 2015.

The event was celebrated at the opening of Stonewater’s new mixed development of 30 affordable rental and shared ownership village homes for local people in Chestnut Lane, Evercreech. The shared ownership properties start at £70,000 for a 40 per cent share in a two-bedroom home, compared with the average cost of a house nationally £210,402 and £270,054 in the South West - more than 10 times typical earnings in the region, requiring a £61,700 income to afford a mortgage.

“We are truly delighted to be celebrating this fantastic achievement as a young organisation,” says Stonewater’s Chairman of the Board George Blunden. “It demonstrates the important role housing associations like Stonewater are playing in tackling Britain’s acute housing crisis. This development is a great example of what can be achieved when housing professionals and local authorities work together.”

Residents, councillors, contractors and other VIP guests joined the housing organisation and primary school’s previous school council members (involved in the naming of the road) for the special ceremony. The time capsule was planted containing a national and local paper, the National Curriculum, a school prospectus, examples of planning and pupils’ work, and photographs of the school taken by the children.

With the lane named by Evercreech School pupils, Stonewater’s new Chestnut Lane village scheme provides a mix of 20 one-, two-, three- and four-bedroom houses for low cost rent and 10 two- and three-bedroom houses for affordable shared ownership, a part-rent, part-buy scheme. The development also benefits from outdoor recreational and community spaces. Stonewater is also working with Evercreech Parish Council to create and install an outdoor community history map at the entrance to the scheme.

Head of School, Jacqueline Jefferies, says: “The children have been very excited by the time capsule and have enjoyed drawing pictures of themselves that they can look at again in 25 years’ time. We are grateful to Stonewater for organising the time capsule as it coincides with the school celebrating 25 years on Paradise Crescent; having moved from opposite the church.”

Ffi: Stonewater

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