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Affordability and Security

This theme looks at the extent to which we provide long-term homes that are genuinely affordable for people on low incomes.

As of 31 March 2025, Great Places owns and/or manages 27,394 properties, 86% of which are social housing.

New homes completed in 2024/25

  • Social rent: 171
  • Affordable rent: 288
  • LCHO (low-cost home ownership): 206
  • Supported housing: 61
    • Total: 726

 

How do we offer security of tenure for our customers?

We believe a secure home is vital for both our customers and our business. After successfully completing a starter tenancy, customers automatically revert to an Assured Tenancy, which provides the highest security of tenure. Those who held a Secure or Assured Tenancy before April 2011 are granted an Assured Tenancy. We use tailored agreements for supported and newly built properties to meet their specific requirements.

On average, our rents are set at 74% of the Local Housing Allowance (LHA) and 65% of typical private sector rents. The table below provides a breakdown for the five local authority areas where we have the largest number of homes.

Local Authority   Number of homes Average current weekly rent Average weekly market rent Average of weekly market rent % Average of LHA Average of LHA %
Manchester 2,572 £116.96 £211.62 55% £201.81 58%
Salford 2,348 £119.26 £211.03 57% £206.28 58%
Sheffield 2,043 £110.50 £171.67 64% £146.13 76%
Oldham 1,293 £117.47 £177.16 66% £145.87 81%
Blackburn with Darwen 1,055 £114.84 £147.93 78% £130.47 88%
Total 9,311 £115.96 £189.99 61% £174.69 66%