Liverpool Residential Development Update
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LIVERPOOL RESIDENTIAL DEVELOPMENT UPDATE October 2018 Foreword 2018 has been a significant year and turning point for Liverpool’s housing market. Named as one of the friendliest cities in which to live, it seems that more and more people want to live here and the city’s population is now rising. A recent report by the Centre for Cities stated that Liverpool City Centre’s population grew by over 180% between 2002 and 2015, the highest percentage in the UK. We have a clear need to build new homes for that growing population. Based on our current estimates, we need to develop 30,000 new homes by 2030. Since I became Mayor in April 2012, over 9,500 homes have been built by both the public and private sectors, with more than 5,000 of these being homes I promised under the Housing Delivery Plan. I am also happy to report that all of our targets for bringing empty homes back into use have seen almost double the target actually being achieved. Over 8,000 new homes are currently being built on schemes that have commenced, and a further 25,000 either have or are seeking planning approval. On top of these, several thousand more (such as at Liverpool Waters) will be coming forward for planning approval in the next few years. Whilst the Strategic Housing Delivery Plan is already past halfway to delivering 1,500 homes, we have now set ourselves a new target of building a further 10,000 homes as part of our own new ethical housing company “Foundations”. Foundations will provide homes to satisfy demand and to support in particular first time buyers, foster carers, large families, the elderly and people with a disability and to improve the availability of good quality, affordable homes in the city. We have already hit the ground running, and the first two schemes under the programme have already commenced, with the first tranche of schemes being announced further on in this document. I am also delighted to report that Peel’s long-awaited Liverpool Waters project is now well underway, with no fewer than five residential towers and blocks now on site on four separate schemes that will deliver a combined 922 private rented sector apartments over the coming years. I hope that the data included in the following schedules will be useful to individuals and organisations involved in regeneration. Joe Anderson, OBE COVER PHOTOS CLOCKWISE FROM TOP LEFT: ON Mayor of Liverpool SITE - “THE APPROACH”, EDGE LANE (LMH); ON SITE – THE WELSH STREETS (PLUS DANE); ON SITE – FORMER MOREDALE HALL, LIVINGSTON DRIVE (SOUTH LIVERPOOL HOMES AND PRAYA HOMES) Contents Executive Summary 1 City Centre: Residential Accommodation 3 City Centre: Student Accommodation 15 Neighbourhoods: Housing Delivery Plan 21 Neighbourhoods: Strategic Housing 29 Development Partnership Neighbourhoods: Refurbishments & Empty Homes 33 Liverpool Foundation Homes Limited 35 Neighbourhoods: Private Sector 39 Neighbourhoods: Student Accommodation 51 Affordability: Helping residents to buy their 56 first home, and giving tenants more choice DISCLAIMER: All information provided in this document is correct as known at the time of publication based on information provided by 3 developers, architects and agents. Liverpool City Council cannot be held responsible for alterations to completion due dates, values or other RESIDENTIAL DEVELOPMENT UPDATE // where such occur for reasons beyond our control. 2018 has seen levels of home building sustained, whilst the number of new residential applications coming forward for planning has been increasing. Between January and September 2018 some 1,244 new homes have been completed, with the number of homes to be built on schemes currently on site is now 8,100. As in 2017, a significantly greater proportion of the homes completed this year have been by the private sector which increasingly sees Liverpool as a profitable location in which to invest. The City Centre is on course to have around 845 new homes completed – similar to the number seen built during 2016 and 2017. However, the number of homes either with permission or coming forward for planning has seen a significant jump this year, with over 11,000 homes being suggested for the City Centre alone. The City Centre population, as low as 2,500 in the early 1990s, has now risen to around 43,000 – half of which are students, mostly living in purpose built accommodation. With a further 4,670 student bedrooms and over 4,500 non-student apartments currently on site, this means that over the next three years the City Centre population could grow to at least 50,000. Meanwhile, in the Neighbourhoods, the Council is stepping up its game and rising to the challenge of providing housing for people at most in need. Not only has the city built more than the 5,000 homes promised under the Mayor’s Housing Delivery Plan, and the number of empty homes brought back into use soared beyond original targets, our latest venture – an ethical housing company named “Liverpool Foundation Homes Ltd” is now on site with its first schemes. STUDENT ROOMS/BEDSPACES 1,634 COMPLETED since January EXECUTIVE 2018 (City-wide) Estimated total development £90m SUMMARY value of the above STUDENT ROOMS/BEDSPACES 5,890 CURRENTLY ON SITE (City-wide) Estimated total development £227m value of the above schemes NEW HOMES (Non-student) 1,244 COMPLETED since January 2018 (City-wide) Estimated total development £100m value of the above schemes NEW HOMES CURRENTLY ON 8,100 ACTIVE DEVELOPMENTS (City- wide) Estimated total development £783m ABOVE: “QUAY CENTRAL” AND “PARK CENTRAL” ON CENTRAL DOCKS ARE THE FIRST MAJOR SCHEMES TO BE ON SITE IN LIVERPOOL WATERS OUTSIDE OF THE value of the above schemes CITY CENTRE. THE £40 MILLION SCHEME WILL DELIVER 237 PRIVATE RENTED SECTOR APARTMENTS. RESIDENTIAL DEVELOPMENT UPDATE // 1 THE MAYOR’S HOUSING PRIORITIES HOUSING DELIVERY PLAN: TARGET FOR EMPTY HOMES NEW STRATEGIC HOUSING EXCEEDING THE MAYOR’S TO BE BROUGHT BACK INTO DELIVERY PARTNERSHIP TARGET FOR 5,000 NEW USE EXTENDED GETS UNDERWAY HOMES In 2012, Liverpool’s Mayor made a An additional target of the Mayor set In addition to the above 5,000 target to build 5,000 new homes in 2012 was to see 1,000 empty homes to be delivered under the across the city, and with the promise homes brought back into use. Housing Delivery Plan, in June 2014 that many of these will be Exceptional progress was made, and the Mayor announced new £200m “affordable” homes. The Council’s as a result of direct action taken by plans to build an extra 1,500 houses. Housing Delivery Plan is now the City Council and its partners, that Under the “Building Our Futures” exceeding this original target, and original target was exceeded with programme, a mixture of executive continues to build new homes in over 2,000 homes occupied again by properties and affordable family conjunction with Registered Providers March 2015. homes will be built across the city of Social Housing, or by private over the next five years. The developers with input/assistance from Determined to maintain this Council has teamed up with Liverpool City Council, including the momentum, in April 2015 the Mayor Redrow Homes and Liverpool use of City Council land or assets. committed to bringing a further 2,000 Mutual Homes (LMH) to deliver the homes back into use. In order to plans. As we now approach the end of 2018, achieve this, a Ten Point Plan was the programme has already delivered approved to tackle the blight of Ten schemes have completed so 5,698 new homes, with 1,048 currently empty properties across the city. A far, bringing 325 new homes, whilst a under construction or about to number of well received new further 60 homes are currently under commence. Combined, these take initiatives undertaken including construction across 3 schemes, with the total that will have been initiated ‘Homes for a Pound Plus’, empty a further 362 either with or seeking under the scheme to 6,746 – and homes loans and the acquisition of permission. there are a further 678 homes still long term empty properties have proposed, either with or seeking been implemented. Yet again, that planning permission or in the early target has been exceeded with stages of pre-application that have almost 5,500 empty homes brought the potential to take the overall total back into use since 2012. to 7,424, some 48% higher than the original target. 3,500 3,427 Empty homes TARGET: 7000 brought back New homes in into use 1,500 1,048 active 3,000 6000 11 developments (either on site or awaiting start in future phases of 5,698 TARGET: commenced schemes) 2,500 5000 Actual new home completions TARGET: (includes homes on Active 1,000 Developments where 2,000 4000 individual properties have New homes been signed off by NHBC 362 or other certification). seeking or with approval 3000 1,500 500 205 New homes 2000 1,000 on site 325 Homes 1000 500 completed 0 0 0 HOUSING DELIVERY PLAN EMPTY HOMES – PHASE 2 STRATEGIC HOUSING (from April 2012) (from April 2015) DEVELOPMENT PARTNERSHIP (from August 2016) RESIDENTIAL DEVELOPMENT UPDATE // 2 SECTION 1 CITY CENTRE RESIDENTIAL SECTOR ACTIVITY BOOM RETURNS Residential development activity in the City Centre has returned to the high levels seen in the mid 2000s. CITY CENTRE In the early 1990s the City Centre’s population was just below 2,500 – but today has risen to over 43,000. Just over 4,500 new homes are currently under RESIDENTIAL construction within the City Centre boundary, with several large volume schemes not expected to complete until 2019 or into 2020; as has been ACCOMMODATION reported previously and elsewhere, an increasing percentage of these are destined for the Private Rented Sector as opposed to be offered for outright sale to individual home buyers.