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Affordable Housing In Ikea Town

Posted by: Nate Berg

10 October 2007 - 11:00am

Swedish retailer Ikea has announced the availability of 90 pre-fabricated eco-freindly homes, complete with a plot of land in the English town of Gateshead. The house-land combos start at $200,000, and preference is given to low-income buyers.

"Known as BoKlok, the flats and houses will be eco-friendly, using renewable materials in the construction and featuring solar panels and geothermal equipment incorporated in the design."

"All the properties will be south-facing to catch as much sunlight as possible to warm the house."

"An area of land has already been set aside in the centre of Gateshead for an estate of around 90 of the DIY homes."

"Flats cost between £100,000 and £125,000, two-bedroom houses cost £132,500-£139,500 and three-bedroom houses are on sale for £150,000."

"It is the first time flat-pack homes have been sold with their plots and demand is expected to be high. Ikea said it had already received a lot of interest from potential buyers."

"First-time buyers earning between £15,000 and £35,000 will be prioritised in the allocation process."

Full Story: Ikea ventures into flat-pack homes
Source: The Guardian, October 9, 2007
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Beyond, beyond ...

Submitted by Wren W on Thu, 10/11/2007 - 14:35.

... $300,000 for what was pictured? Exclusive of land costs? The mind boggles.

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