WORK ON 151-HOME DEVELOPMENT IN WOLVERHAMPTON SET TO START THIS SUMMER
Work on a £2.5million scheme to build 151 homes in Wolverhampton is set to start in the summer.
Harris Lamb’s Residential Land team sold the 8.45-acre site off Steelhouse Lane to Lovell Homes at the end of last year, and planning permission for the development was granted by the City of Wolverhampton Council in March.
The development site is part of a major regeneration corridor, and will include a mixture of two-, three- and four-bedroom homes for Walsall-based Registered Provider, whg Housing Association, who will manage 62 homes on an affordable rental basis.
Work on the scheme, which has been named Saints Quarter, is due to be completed in 2020.
The scheme has been supported with a £770,000 grant from the WMCA which has a £760m war chest to support new housing and commercial developments that bring homes and jobs to local communities.
Stuart Penn, Lovell’s regional managing director, said: “This important development will transform this former industrial site as well as help tackle the pressing demand for new homes in the area, and this has been made possible by working in partnership with WMCA, Wolverhampton City Council and our RP partner, whg.
“We are proud to be able to deliver a scheme with such a variety of tenure which will really help local people get onto the property ladder and/or into a high-quality new home from open market sale with the Government backed Help to Buy: Equity Loan scheme.”
Chris Jones, Head of Residential Land for Harris Lamb, said: “This is a fantastic regeneration project and we are delighted to have played our part in bringing the site to market and obtaining planning permission for the development.
“It is great to see organisations working closely together to bring schemes like Saints Quarter to fruition, and we have been impressed with the commitment Wolverhampton City Council has shown in ensuring that the scheme gets off the ground as quickly as possible to address the demand for new housing in the borough.
“We hope that other authorities within the Midlands follow Wolverhampton’s lead when it comes to bringing these opportunities to the fore to deliver similar schemes elsewhere in the region.”