LIVERPOOL RESIDENTIAL DEVELOPMENT UPDATE December 2017 Foreword Welcome to this latest edition of Liverpool’s Residential Development Update. This document takes a closer look at the many housing and student schemes being built across the city. 2017 has been another consistent year with over 1,600 new homes built since January. Over 1,250 of these have been delivered by the private sector which continues to see Liverpool as a good location to invest in. The City Centre, in particular, continues to see a rise in apartment building, with an increasing number of residential towers of up to 30 floors in height coming in for approval. Excluding those schemes already on site, the number of City Centre homes coming through the planning system is now over 10,000; this is double the housing proposals seen exactly two years ago and a clear sign of the sector’s growing confidence. The City Council’s task is to ensure that the City Centre’s infrastructure and services will be able to cope with a future potential 16,000 to 20,000 additional residents. 2017 has also seen more successes in the Neighbourhoods with the successful Welsh Streets pilot scheme now being turned into a fully fledged £30 million programme. Some 294 new homes will be created with a mix of refurbishment of existing terraces and new builds within a new family-friendly, safe, landscaped environment. The promise I made back in 2012 to assist in the delivery of 5,000 new homes has now been surpassed. Knowing what we do to help make this happen, one of my new pledges is to create an innovative housing company to build 10,000 rent-to-buy homes to tackle inequality and affordability. This new housing company will compete with the private sector to purchase land and build housing which will then be made available to people who have had difficulty getting on the housing ladder. The details of this new venture are currently being worked on and will be announced in the new year. The number of student units completed this year has fallen slightly on 2016’s total, and although there are a few larger volume schemes still on site, the number of student bedrooms coming forward for planning approval has almost halved this year on what was being proposed in November 2016. This perhaps suggests that investors are looking more towards the residential sector for future returns. 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 – LMH’S 145 HOMES SCHEME FOR “EDGE LANE WEST”; ON SITE – “GATEACRE Joe Anderson, OBE PARK”, COUNTRYSIDE PROPERTIES Mayor of Liverpool Contents Executive Summary 1 City Centre: Residential Accommodation 3 City Centre: Student Accommodation 15 Neighbourhoods: Housing Delivery Plan 21 Neighbourhoods: Strategic Housing Delivery Plan 29 Neighbourhoods: Refurbishments 33 Neighbourhoods: Private Sector 35 Neighbourhoods: Student Accommodation 47 Affordability: Helping residents to buy their 52 first home, and giving tenants more choice Appendix: Major housing developers, providers 53 and partners currently involved in construction of homes in Liverpool DISCLAIMER: All information provided in this document is correct as known at the time of publication based on information provided by developers, architects and agents. Liverpool City Council cannot be held responsible for alterations to completion due dates, values or other where such occur for reasons beyond our control. 3 RESIDENTIAL DEVELOPMENT UPDATE // 2017 has been another steady year of consistent activity in the residential sector. Between January and November 2017 some 1,649 new homes at a cost of £170m were completed, against a total of 1,740 at £151m between January and October 2016. 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 seeing levels of activity sustained with 830 homes complete this year so far already matching the total 845 completed between January and December 2016. Both the number of units on site and proposed are currently 12% higher than this time last year, whilst 2018 could potentially have a record 1,500 new residential units delivered. In November 2016 there were some 4,880 units with or seeking planning approval; by November 2017 that figure has jumped 109% to over 10,200 – mostly with the introduction of the new breed of higher density schemes featuring towers of up between 15 and 30 storeys now being proposed. Meanwhile, in the Neighbourhoods, several of the larger volume residential schemes under the Housing Development Plan have come to or are approaching their end, with fewer homes being completed in 2017 than in previous years. In the private sector, although completions this year are slightly down on 2016, (346 compared to 398) there are significantly more schemes coming forward for planning approval with 3,667 homes currently with or seeking approval compared to 2,830 at the same time last year and just 2,137 in November 2015. STUDENT ROOMS/BEDSPACES 1,634 COMPLETED since January EXECUTIVE 2017 (City-wide) Estimated total development £90m SUMMARY value of the above STUDENT ROOMS/BEDSPACES 6,560 CURRENTLY ON SITE (City-wide) Estimated total development £300m value of the above schemes NEW HOMES (Non-student) 1,560 COMPLETED since January 2017 (City-wide) Estimated total development £163m value of the above schemes NEW HOMES CURRENTLY ON 6,190 ACTIVE DEVELOPMENTS (City- wide) Estimated total development £526m ABOVE: “INFINITY”, ONE OF SEVERAL NEW HIGH DENSITY RESIDENTIAL SCHEMES SET TO CONTRIBUTE TO OVER 10,000 NEW APARTMENTS ARRIVING value of the above schemes IN THE CITY CENTRE IN THE COMING YEARS. 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 and bring 2,000 more empty exceeding this original target, and original target was exceeded with properties back to life. continues to build new homes in over 2,000 homes occupied again by Under the “Building Our Futures” conjunction with Registered Providers March 2015. programme, a mixture of executive of Social Housing, or by private properties and affordable family developers with input/assistance from Determined to maintain this homes will be built across the city Liverpool City Council, including the momentum, in April 2015 the Mayor over the next five years. The use of City Council land or assets. committed to bringing a further 2,000 Council has teamed up with homes back into use. In order to Redrow Homes and Liverpool As we now approach the end of 2017, achieve this, a Ten Point Plan was Mutual Homes (LMH) to deliver the the programme has delivered 5,272 approved to tackle the blight of plans. new homes, with 1,300 currently under empty properties across the city. A construction or about to commence. Task Force was established to Six schemes have completed so far, Combined, these take the total that oversee this work and a number of bringing 178 new homes, whilst a will have been initiated under the well received new initiatives further 142 homes are currently scheme to 6,572 – and there are a undertaken including ‘Homes for a under construction across 3 further 964 homes still proposed, either Pound Plus’, empty homes loans and schemes, with a further 279 either with or seeking planning permission or the acquisition of long term empty with or seeking permission. in the early stages of pre-application properties. Yet again, that target has that have the potential to take the been exceeded, and the work goes overall total to 7,536, some 50% higher on to bring yet more homes back than the original target. into use. TARGET: 7000 2,500 1,500 1,300 New homes in 6000 active 11 developments TARGET: 2,243 (either on site or awaiting 2,000 Empty homes TARGET: start in future phases of brought back 5000 commenced schemes) into use 5,272 Actual new home 1,000 completions 4000 (includes homes on Active 1,500 Developments where individual properties have been signed off by NHBC 3000 or other certification). 1,000 279 New homes 500 seeking or 2000 with approval 500 142 New homes 1000 on site 178 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 2017 SEES SIGNIFICANT INCREASE IN RESIDENTIAL SECTOR ACTIVITY 2017 has seen investment in Liverpool City Centre’s residential market continue to grow, and is set to CITY CENTRE exceed 900 units this year. Investor confidence of getting returns on their capital is showing no signs of slowing down, with over 2,800 units currently on site RESIDENTIAL and now over 10,000 more residential units proposed.