Morgan Homes and Principality Teams at Ystradgynlais Development

29 September 2023

Show home opens on Powys’ Largest Development Site thanks to Principality's Funding

Morgan Homes is proud to announce the progress of its latest development project in Powys, the largest housing development site in the region which has been funded by Principality Building Society’s Commercial team. 

The show home at Brynygroes, Ystradgynlais is now open and plot reservations are now available for the first phase of the development. 

The project, which broke ground in August 2022, will feature 110 new build homes, including a mixture of 2, 3, and 4-bed modern, energy-efficient houses and bungalows.

The homes are being built using Modern Methods of Construction (MMC) to achieve an EPC A rating, benefitting from the Principality Green Fund initiative terms which are in place to drive a focus on creating sustainable homes for the future. The development will feature high levels of insulation, with Air Source Heat Pumps, and solar PV used across the development.

Matthew Morgan, Director at Morgan Homes, said: “We are committed to developing homes that meet the needs of buyers, including combating the cost of day-to-day living. By providing A-rated homes using renewable technology, the new dwellings at Brynygroes will be as economic to run as possible.

“We’re proud of our established working relationship with  Principality Building Society, having successfully completed a prestigious scheme of 34 new homes in Newport, Pembrokeshire. We’re delighted to continue this partnership on this major project and look forward to future ventures.”

James Ford, Senior Relationship Manager at Principality, said: “As a lender Principality Commercial are committed to delivering sustainable homes, helping more individuals into a place to call home. It’s a pleasure to support Morgan Homes on their project in Ystradgynlais, which brings quality and environmentally sustainable homes to the area.”

For more information or to book a viewing, please email To find out more about the work of Principality Commercial, click here


Published: 29/09/2023

  • 6th largest UK building society
  • A mutual building society, owned by and run for the benefit of our 500,000 members
  • Over 160 years' experience
  • Taking care of over £12 billion of our customers' assets
  • Members can access a Member Rewards page featuring competitions, discounts and more.

Connect with us
x logo Instagram logo Facebook logo LinkedIn logo YouTube logo