Liverpool’s Deputy Mayor ,Councillor Ann O’Byrne, has unlocked the doors to a stylish new show village at Countryside’s Queen Mary Place development in Liverpool.
She helped to celebrate the official release of 200 affordable homes with a ceremonial ribbon cutting at the £26m redevelopment project in Walton.
The development, which is being built by Countryside on behalf of Sigma and Liverpool City Council’s regeneration partnership, Regeneration Liverpool, features a collection of high quality and affordable homes that are designed for modern family living.
Councillor O’Byrne said: “This is a fantastic development which forms part of our commitment to deliver 5,000 new homes in Liverpool, driving up the quality and range of properties available to residents. It is another example of the council using brownfield sites which have been previously developed for housing.”
Ian Kelley, Managing Director of Countryside’s Partnerships North division, added: “The Deputy Mayor’s presence here today truly reinforces Liverpool City Council’s commitment to building high quality and affordable homes throughout the city.
“We’ve already experienced an overwhelming amount of interest in the development since opening the doors to our interior decorated show village, with 14 homes already sold off-plan. This success replicates the popularity of our nearby NGV Liverpool development, which has been instrumental in the transformation of Norris Green and further improving the quality and variety of homes across the city.”
Of the 200 homes under construction, 136 will be available for sale through the Government’s 5% deposit Help to Buy scheme, with the remaining 64 available for private rent under a new private rental offering (PRS) between Sigma Capital, Gatehouse Bank Plc and Barclays.
Graeme Hogg, Chief Operating Officer at Sigma Capital, said: “The 64 PRS units that we have here at Queen Mary Place are in addition to the 150 we have on site at NGV Liverpool, both of which are part of our initial £100 million fund created by Sigma Capital, Gatehouse and Barclays. This alone is a £25 million investment in PRS in North Liverpool.
“We only commenced on site in February and are delighted with progress to date. Demand for the product has been very strong and lettings are going extremely well. We expect to be letting the homes at a rate of around 15 per month and will be handing over keys to our first tenants this week. All of the of the units will be completed and fully let by November – only 10 months after we started.
“We look forward to continuing to work with our colleagues at Liverpool City Council on new sites as we feel the combination of PRS and private sale can evidentially bring about transformational change to an area. Queen Mary Place and NGV Liverpool are great examples of this happening now.”