EHDC scheme to reduce price of homes in Medstead
East Hampshire District Council has taken action to make homes more affordable by putting £545,000 towards a scheme in Medstead.
Using money collected from developer contributions in the area we are helping residents on the housing ladder by reducing the asking price of seven new homes in the village.
The scheme has been delivered in conjunction with Merlion Homes. EHDC’s funding will allow each property to be offered at approximately 25 per cent below the full market value, giving East Hampshire residents a chance to access homes that would otherwise be out of their reach.
EHDC will hold equity in each of the homes and can decide whether to leave that in place or redeem the funds when the homes are sold in the future.
Cllr Adeel Shah, EHDC’s Portfolio Holder for Community Development and Engagement, said: “House prices in East Hampshire are getting higher and higher. That means young people are priced out of the towns and villages they grew up in and are forced to move elsewhere if they want to get into the property market.
“This scheme will help us add seven new affordable homes to the market and we will be prioritising East Hampshire residents to help our own local people to stay near their families and friends.
“The funding also acts as an investment. The council will be able to recoup its money, plus any increase in value, when the homes are sold in the future and re-invest that funding in future affordable housing projects.”
The scheme includes a mix of high-quality homes, comprising four two-bedroom maisonettes and three three-bedroom houses. The first properties will be ready from late 2026.
To ensure the homes benefit the community, priority will be given to local people, reinforcing the council’s commitment to supporting sustainable and inclusive communities across the district.
Prospective buyers interested in these homes are encouraged to contact Merlion Homes directly for further information and to register their interest.