Pennyfarthing and VIVID partner up to develop 106 New Forest homes

Pennyfarthing Homes has created a partnership with VIVID to construct 106 affordable homes within its development in Fordingbridge, Hampshire. 

This deal strengthens an ongoing relationship between Pennyfarthing Homes and affordable housing provider VIVID, following the sale of 14 affordable homes in its Whitsbury Green development.

Matt Dukes, managing director of Pennyfarthing Homes, said: “This housing transaction is poised to start a new chapter of affordable, high-quality homes for Fordingbridge, promising lasting benefits for the town and its neighbouring areas.”  

Construction of houses will start in November, with groundworks getting under way in June. 

VIVID will take delivery of a mixed-tenure development which will include market housing, shared ownership and affordable rent options. 

The scheme will include a mix of one and two-bedroom apartments, two, three and four-bedroom houses and two and three-bedroom bungalows.

Tristan Samuels, group development and new business director of VIVID, said: “We are really pleased to be working in partnership with Pennyfarthing Homes on this project. 

“We firmly believe that everyone deserves a safe and secure place to call home and this investment is a step towards addressing the shortage of affordable homes in the south.  We are committed to making a positive impact on communities by providing accessible housing solutions that enhance lives and creating communities to thrive in”.

This phase of new homes in Fordingbridge will also include six First Homes which will be available directly from Pennyfarthing Homes.  

The government initiative supports home ownership for local first-time buyers and key workers living and working in the New Forest area. Completions are expected from autumn 2025.