Hodge funds development of 15 residential sea-view houses in coastal Ceredigion, South Wales
In a recent deal with Morgan Developments Wales (MDW), Hodge has funded the development of 15 three- and four-bedroom houses and bungalows in the village of Llanon, Ceredigion. To be branded under the Morgan Homes banner and expected to take just over a year to build, the new homes, which overlook the countryside and sea, will form the first phase of part of a larger development of 34 houses in the area.
Situated between Aberystwyth and Aberaeron, the homes will be built just north of Llanon village – providing excellent links to larger towns, schools, and employment opportunities. In an affordable area, the properties will be ideal for both retirees and downsizers, as well as locals and incomers looking to move to a traditional village in West Wales.
Speaking about the deal, Gareth Davies, Head of Development Finance, said, ‘We’ve worked with MDW and Morgan Construction previously, and it’s a pleasure to be able to support them with this new venture. Working with experienced, savvy developers like MDW is key to our growth plans at Hodge, and we look forward to watching this development progress into a valuable and attractive residential proposition in a beautiful coastal spot.’
Huw Smith, joint owner of MDW, said, ‘We have an excellent working relationship with Hodge and it’s great to be back working with them again. This is an exciting development project for us, which uses sustainable materials and complements the wider residential area. We look forward to continuing to partner with Hodge and develop our funding relationship as we expand our development programme.’
For more information on our development finance projects, take a look, here.