Clarion has sold 703 homes in Essex and Suffolk to Eastlight Community Homes, a resident-led housing association based in the East of England.

The sale of the homes, which went through yesterday, includes general needs, shared ownership and leasehold properties, and a small number of homes for private rent, including housing for older people and supported housing.

Last year, Clarion said it has been undertaking a stock rationalisation plan as it seeks to divest itself of “properties that we are not able to manage in the most efficient and effective manner” It sold 1,162 units in 2022/23.