Affordable housing scheme completes in Coventry
A former industrial site in Coventry has been given a multi-million pound makeover to create 94 new affordable homes.
The £11.2m development on Burnaby Road, in Radford, has been built thanks to a partnership between Midland Heart, developer Westleigh, Coventry City Council and the Homes and Communities Agency (HCA).
The mixture of homes on offer included 17 two-bedroom houses and 14 three bedroom homes all available to rent. Whilst 18 two-bedroom homes, 37 three-bedroom homes and 8 four-bedroom houses were available for shared ownership.
The shared-ownership properties were designed with first time buyers in mind and as a result extras were included as standard including carpets and flooring throughout. The homes, priced from just £69,750 for a 45 per cent share, have now all been bought.
Prior to development the brownfield site was used for a wide range of purposes. It was home to the old Dunlop Works and also housed an upholstery works, timber works and an engineering company.
The project was funded through the Homes and Communities Agency Affordable Housing Programme, with further private investment provided by Midland Heart.
Councillor Kevin Maton, Cabinet Member for Business, Enterprise and Employment, said, “I am really pleased that this development has been completed as it offers a great opportunity for local first time buyers to get on to the property ladder.
“More and more people are being pushed down the route of private sector renting – but these new homes have provided a great opportunity for people on an ordinary income who want to buy their own home.”
Gino Siani, head of new business for the West Midlands, at Westleigh, commented, “These new homes have come to fruition as a result of a great working partnership which has allowed us to build a diverse mix of properties on a disused site. It has been made possible thanks to continuous support from the council, funding from the HCA as well as private investment from Midland Heart and we are very grateful to all our partners for being involved.”