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Residential Development Update Liverpool City Living Residential Development Update November 2016 Foreword Welcome to this latest edition of Liverpool’s Residential Development Update. This document takes a closer look at the many housing schemes being built across the city. 2016 has seen housebuilding activity across the city ramped up even further than before. Some 1,740 new homes have been built since January 2016, significantly higher than the 1,144 over the same period last year. This consists of 700 homes under the Housing Delivery Plan, 84 under the new Strategic Housing Delivery Partnership, and 940 private sector properties. Of the £151million worth of schemes completed since January 2016, almost £100million of this has been in the Neighbourhoods, double the value spent in the City Centre. I am especially pleased to see the private sector now doing so well and keen to build homes here without any Council assistance. With some 4,311 homes currently under construction and 11,912 proposed by the private sector alone, this proves how attractive Liverpool is to property developers and investors armed with the knowledge and confidence that the city has a healthy residential market populated with people both keen and able to buy. Of course, demand for new homes comes from increasing wealth and jobs being created here; something which we as a Council have been working on for some considerable time in a city where a total of £3.7billion has been invested in major developments over the last 4 years. Liverpool is also establishing a good record in improving its existing housing stock. Across the city, homes are being refurbished and empty homes brought back to life with exciting and innovative schemes. After years of wrangling and setbacks, work has finally commenced on the first trial phase of improvements at the Welsh Streets where 35 empty terraced properties are being remodelled to provide 25 family homes. These come on top of excellent work that has been carried out in nearby Cairns Street, Jermyn Street and in the Anfield/Rockfield communities. We are also being more pro-active in pursuing the absent owners of derelict and run-down properties in the inner core, and we have now brought back a total of 3,356 former empty homes into use in two phases since April 2012. On the subject of student accommodation, work continues in providing newer communal residences with excellent facilities and closer proximity to places of study, thus reducing the need for students to add to daily commuter traffic. As we approach the end of the year, there is evidence that the number of units proposed is starting to fall back slightly as developers look to more lucrative returns in the city’s burgeoning residential market. I hope that the data included in the following schedules will be useful to individuals and organisations involved in regeneration. COVER PHOTOS CLOCKWISE FROM TOP LEFT: COMPLETED - “DURNFORD CLOSE”, BELLE VALE (LMH); PROPOSED - “SALISBURY STREET/EVERTON BROW”, PRIVATE DEVELOPER; PROPOSED - “THE Joe Anderson, OBE KEEL – PHASE 2”, QUEENSDOCK LIVERPOOL Mayor of Liverpool PROPERTY SARL & GLENBROOK Contents Executive Summary 1 City Centre: Residential Accommodation 3 City Centre: Student Accommodation 13 Neighbourhoods: Housing Delivery Plan 19 Neighbourhoods: Strategic Housing Delivery Plan 27 Neighbourhoods: Refurbishments 31 Neighbourhoods: Private Sector 33 Neighbourhoods: Student Accommodation 45 Affordability: Helping residents to buy their 50 first home, and giving tenants more choice Appendix: Major housing developers, providers 51 and partners currently involved in construction of homes in Liverpool 3 RESIDENTIAL DEVELOPMENT UPDATE // 2016 has been a phenomenal year, with the volume of new homes completed across the city being 50% higher than 2015. Between January and October 2016 some 1,740 new homes at a cost of £151m were completed, against a total of 1,144 at £77.5m between January and October 2015. The City Centre is currently seeing unprecedented levels of activity with the recession and housing slump of the earlier part of this decade now a distant memory. With 703 units already completed between January and October 2016, this total already far out-strips the 262 completed in the whole of 2015, whilst there are 2,397 City Centre homes currently under construction that will be delivered between now and 2018. The number of new homes proposed in the City Centre has also doubled in the last year, up from 4,880 being reported in October 2015 to almost 9,000 as at November 2016. New home building in the Neighbourhoods also continues to rise, with the private sector seeing a significant boost. 274 homes have been completed on schemes of over 5 units or more since January 2016 against a total of 243 in the whole of 2015; and with 1,914 currently on site and over 2,800 either with or seeking planning approval, this represents some 30% more than were being reported this time last year. Conversely, and perhaps welcomed by some, the pace of student accommodation activity across the city has slowed slightly, with a predicted 2,181 expected to have completed this year against a total of 2,741 in 2015. STUDENT ROOMS/BEDSPACES 1,776 COMPLETED since January EXECUTIVE 2016 (City-wide) Estimated total development £96m SUMMARY value of the above STUDENT ROOMS/BEDSPACES 4,093 CURRENTLY ON SITE (City-wide) Estimated total development £227m value of the above schemes NEW HOMES (Non-student) 1,740 COMPLETED since January 2016 (City-wide) Estimated total development £151m value of the above schemes NEW HOMES CURRENTLY ON 5,804 ACTIVE DEVELOPMENTS (City- wide) Estimated total development £530m ABOVE: ANWYL DEVELOPMENTS PROPOSED 21 STOREY RESIDENTIAL TOWER FOR 3—36 PALL MALL WILL CONTAIN 342 APARTMENTS FOR PRS RENT value of the above schemes (CGI photo courtesy of Infinite 3D) RESIDENTIAL DEVELOPMENT UPDATE // 1 THE MAYOR’S HOUSING PRIORITIES HOUSING DELIVERY PLAN: TARGET FOR EMPTY HOMES NEW STRATEGIC HOUSING MEETING THE MAYOR’S TO BE BROUGHT BACK INTO DELIVERY PARTNERSHIP TARGET FOR 5,000 NEW USE EXTENDED GETS UNDERWAY HOMES In addition to the above 5,000 homes to In 2012, Liverpool’s Mayor made a An additional target of the Mayor set be delivered under the Housing Delivery target to build 5,000 new homes across in 2012 was to see 1,000 empty Plan, in June 2014 the Mayor the city, and with the promise that many homes brought back into use. announced new £200m plans to build of these will be “affordable” homes. Exceptional progress was made, and an extra 1,500 houses and bring 2,000 The Council’s Housing Delivery Plan is as a result of direct action taken by more empty properties back to life. now 95% of the way through delivering the City Council and its partners, that Under the “Building Our Futures” this target, and comprises new homes original target was exceeded with programme, a mixture of executive being built in conjunction with over 2,000 homes occupied again by properties and affordable family homes Registered Providers of Social Housing, March 2015. will be built across the city over the next or by private developers with five years. The Council has teamed up input/assistance from Liverpool City Determined to maintain this with Redrow Homes and Liverpool Council, including the use of City momentum, in April 2015 the Mayor Mutual Homes (LMH) to deliver the Council land or assets. committed to bringing a further 2,000 plans. The first scheme under this new homes back into use. In order to programme, Marwood Tower, has been As we now approach the end of 2016, achieve this, a Ten Point Plan was completed, whilst a further 209 homes the programme has delivered 4,765 new approved to tackle the blight of are currently under construction across homes, with 1,358 currently under empty properties across the city. A 7 schemes that have commenced this construction or about to commence. Task Force was established to Combined, these take the total that will year. oversee this work and a number of have been initiated under the scheme well received new initiatives As at November 2016, a further 6 to 6,123 – and there are a further 1,751 undertaken including ‘Homes for a schemes have been announced so far – homes still proposed, either with or Pound Plus’, empty homes loans and to deliver an additional 225 new homes. seeking planning permission or in the the acquisition of long term empty In the coming year, more schemes will early stages of pre-application that properties. To date (October 2016), be coming forward for planning have the potential to take the overall over 1,600 additional homes have approval. total to almost 7,900, some 58% higher been brought back into use. than the original target. 1,751 New homes either TARGET: TARGET: with or seeking 1,500 7000 planning approval 2,000 (on schemes which have not yet commenced) 6000 New homes in 1,358 active Empty homes developments 1,656 TARGET: 11 brought back (either on site or awaiting 1,500 5000 start in future phases of into use commenced schemes) 1,000 4,765 Actual new home 4000 completions (includes homes on Active Developments where individual properties have 1,000 3000 been signed off by NHBC or other certification). 500 New homes 2000 225 500 seeking or with approval 209 New homes 1000 on site 81 Homes 0 0 0 completed HOUSING DELIVERY PLAN EMPTY HOMES – PHASE 2 STRATEGIC HOUSING DELIVERY (from April 2012) (from April 2015) PARTNERSHIP (from August 2016) RESIDENTIAL DEVELOPMENT UPDATE // 2 SECTION 1 PRIVATE RENTED SECTOR TARGETS CITY WITH SEVERAL LARGE LUXURY SCHEMES 2016 has seen investment in Liverpool City Centre’s residential market more than double that which was CITY CENTRE being seen last year.
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