“‘£65,000 prefab homes go into production” [but buyers will pay at least £200,000]

So, reading the article, they will REALLY cost buyers about £200,000 minimum each – but with less need for skilled trades developers will make more profit! Neat!

“The UK is entering a new era of prefab homes with the opening of a Yorkshire factory that will build fully-fitted three-bedroom homes with a price tag as low as £65,000.

Eight houses fitted with kitchens and bathrooms will roll off the production line every day in Knaresborough, to be loaded on to lorries for delivery across the country. Experts have hailed it a revolution in British housebuilding that would slash the 40 weeks it could take to build a traditional home to just 10 days.

The factory cost of a two or three-bedroom home would be from £65,000 to £79,000, although that excludes the cost of land, on-site assembly and connecting the home to services, which could double or triple the final price.

The plant, operated by the UK company Ilke Homes, said it would produce 2,000 houses a year, rising eventually to 5,000, which would catapult it into the top echelon of volume housebuilders in the country.

Meanwhile, the insurance company Legal & General has built a vast factory outside Leeds which it said would build 3,500 homes a year, with the first two and three-bedroom homes being delivered in the past few weeks. It said it intended to build similar factories in locations across the UK, which would turn L&G into a bigger builder than Persimmon or Barratt Developments.

The term prefab has been shunned by the new housebuilders. The new buzz phrase, with its connotation of low-quality, postwar emergency housing,has instead been described as “modular construction”. Developers have been promising homes built to higher standards than those using traditional methods. They also claim energy bills would be half that of a conventional home due to better insulation.

The housing secretary, James Brokenshire, speaking at the opening of the Knaresborough site on Thursday, said the factory would help the government reach an annual target of 300,000 new homes in England. Last year nearly 220,000 homes were built in England. “This is about challenging the ways we have done things in the past. We want to see 300,000 homes being delivered by the mid-2020s, so we need to scale up and build more, better and faster. And that is precisely what this facility is about,” he said. …”

https://www.theguardian.com/society/2018/nov/30/uk-housebuilding-revolution-65000-prefab-homes-go-into-production

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