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Worthing Council in West Sussex is in the process of signing a deal to create 162 flats with BoKlok, a housing development company jointly owned by Ikea and construction firm Skanska.
Specialising in housing that's "sustainable, quality and at a low price for all," the company has already built 11,000 homes in Denmark, Finland, Norway and Sweden. Most of each BoKlok home is built in the factory.
"This allows us to get to work as soon as we arrive on a building site. We can build small apartments in a single day, and the roof goes on as quickly as possible to avoid weather damage," BoKlok states.
Tiles for the floors and walls are included in the price and the apartments, that range from one-bedroom to three-bedroom, would be fitted with an Ikea kitchen.
If the current plans go ahead, work is thought to begin on the site will begin in September 2020 with the first homes delivered and assembled ready for people to move into in April the following year.
BoKlok previously planned to create a similar development in North East England's Tyneside in 2006 but plans fell through due to the financial crisis.
However this time, it's a collaboration with Worthing council - a seaside town where properties typically cost almost 12 times the local salaries.
Under the current proposal, Worthing council could get 30 per cent of the properties to rent to local people while the remaining could be sold by BoKlok. These would follow its "left to live" model which considers how much a resident can afford to pay after their tax and monthly living costs have been deducted.
"In this current market it's extremely tough for local people who are in full-time work to get on the housing market.
"This proposal could change that, giving these hard-working individuals a genuine chance to buy their own home without having to move out of the town," said councillor Kevin Jenkins, Worthing borough council's executive member for regeneration, according to The Guardian.
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