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New homes to transform derelict Wolverhampton site

New homes are set to transform a former industrial site which has sat empty for more than a decade thanks to a multi-million pound development.

More than 150 homes will be built on the 8.4 acre brownfield land site in Wolverhampton after developers secured £770,000 from the West Midlands Combined Authority (WMCA).

The site in Steelhouse Lane is being brought back into use after cash was used to clean up the land and prepare it for development by Lovell Midlands.

Mayor of the West Midlands Andy Street said: “This is a great example of how the WMCA is breathing new life into derelict, former industrial land by clearing the way for new homes and businesses.

“Our overarching goal is to use the money and the powers transferred to us from government to build a prosperous future by growing our economy in a way that benefits all our communities and gives everyone the opportunity for a decent job and an affordable home.”

The £2.5m scheme will see a mix of two, three and four-bedroom homes to buy and rent built on the land.

Work on the site, which will be named Saints Quarter, is set to begin this summer.

The site, which has sat empty since 2006, has had a number of former uses including a metals factory, which closed in 1997.

The scheme is a key part of the WMCA’s wider programme to support the building of homes within the Black Country, as well as Wolverhampton Council’s regeneration of Bilston.

Wolverhampton Council’s director of housing Kate Martin, said: “This is another major development site to support the regeneration of Bilston.

“We can now look forward to seeing more new homes being built this summer, in addition to over 400 homes already being developed at Bilston Urban Village.

“Saints Quarter will make a significant impact in providing greater home choice for the area, as well as continuing to support our housing growth plans for Wolverhampton.

“This development means more and better homes being delivered and adds to the extensive investment by Wolverhampton Council and other private investors in new housing, leisure, commercial and transport developments in and around Bilston.”

The WMCA has £760 million to support new housing and commercial developments which bring homes and jobs to communities.

More than 215,000 new homes need to be built in the West Midlands by 2031 to meet future housing demand and population growth.

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.

“We are proud to be able to deliver a scheme with such a variety of tenure which will really help local people get on the ladder and into a high-quality new home from shared ownership to affordable rent.”

By Annabal Bagdi

Source: Express and Star

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Positive start to 2019 for new home-building industry, reports NHBC

The number of new homes registered by the UK’s housebuilders and developers in the first three months of the year reached more than 37,500 – a 3 per cent increase on the same period in 2018.

37,672 new homes were registered to be built compared to 36,508 last year. The private sector was down by 6 per cent (26,841; 28,554 in 2018) with the affordable and rental sector up 36 per cent (10,831; 7,954 in 2018).

The overall increase, despite the ongoing Brexit uncertainty, is partly due to the low levels seen in the corresponding period 12 months ago when the ‘Beast from the East’ caused severe disruption on sites across the country.

The rise in the affordable and rental registration numbers reflects the continued growth in the Private Rental Sector in many UK towns and cities.

At a regional level London saw a 58 per cent increase compared to Q1 2018 (5,625; 3,549 in 2018), boosted by a number of large schemes being registered at the start of this year.

NHBC is the leading warranty and insurance provider for new homes in the UK and its registration statistics are a lead indicator for the new homes market.

NHBC chief executive Steve Wood said: “We are pleased to report good numbers for the start of the year, although we do need to bear in mind the situation 12 months ago when freezing conditions caused major hold-ups in registrations as well as build-rates across the bulk of the UK.

“Although Brexit uncertainties are impacting consumer confidence and causing some dampening of new-build and second-hand sale markets, housing remains an attractive asset class for inward investors, which does cause us to be more optimistic about Build to rent.

“At NHBC, we will continue to work with developers, builders and housing associations to help to improve the quality of new homes for the people who will live in them.”

Soruce: Scottish Construction Now