LEADING national housebuilder, Lovell, and Midlands residential developer, long term investor and landlord, whg, are celebrating the launch of the latest housing development, which is the first for the organisation’s joint venture, Anthem Lovell LLP.
The £44 million scheme is located just one mile from Walsall town centre on the site of the former Caparo Engineering works and features a range of two, three and four-bedroom properties.
The new homes have been carefully designed to sympathetically fit within their surroundings to create a new and exciting place to live. Potential buyers can get a sneak peak of what their new home will look like by visiting a show home with similar design and specification options at Saints Quarter development in Wolverhampton.
Stuart Penn, regional managing director for Lovell, said: “There is a rapidly growing demand for houses in Walsall, not least given its connectivity to Birmingham, so we must think proactively about how we can provide homes quickly and how we can utilise stalled brownfield sites. Lockside is a key example of one such site that has been derelict for years but provided an ideal opportunity for housing generation under a brownfield-first approach.
“We’re really pleased to have now launched this development. Although Lockside’s dedicated, brand-new show homes will officially open in the spring, exceptional demand for the site has allowed us to release plots early, which are currently available by appointment only via our neighbouring Saints Quarter marketing suite.
“We look forward to continuing our work with whg to bring even more high-quality homes to the market in the West Midlands.”
Rebecca Bennett Casserly, whg’s corporate director of development, said: “We’re really excited to see the launch of this new neighbourhood in Walsall. Lockside is in a great location and demonstrates how, through partnership working, derelict sites can be successfully transformed into desirable places of well designed, low carbon homes at a range of affordability levels.
“Alongside homes for outright sale, the development will also include those for affordable rent and shared ownership, as well as a 50 apartment- wellbeing scheme for over-55s. Through this mix of tenures we aim to create a thriving, sustainable new place that people are proud to call their home.”
The launch of Lockside comes as Lovell has secured the sale of all released open market homes at its Saints Quarter development in Wolverhampton, which has also been developed in partnership with whg. The 151-home development includes 89 open market and 62 affordable homes, which were launched to the market in February 2020.
Stuart said: “Even amidst a turbulent market in the depths of a pandemic, we have secured the sale of all the released open market homes at Saints Quarter, showing a clear indication that Wolverhampton is a thriving city. Both Lockside and Saints Quarter offer a mix of properties, ensuring that they not only meet housing demand in the region but do so at an affordable level to suit first-time buyers, second steppers and growing families – making Saints Quarter perfect to launch Lockside from as work continues on site at the former Caparo Engineering works site.
“Both developments also support our sustained commitment to improving the environment, Saints Quarter is located within easy access of transport links and electric vehicle charging points being added to all open market homes to promote more sustainable modes of travel for purchasers.”
Two-bedroom homes at Lockside are available from £187,500, three-bedroom homes from £222,000 and four-bedroom homes from £272,950.
The remaining two plots at Saints Quarter will go on sale next year, thus completing the full sale of that development.
For more information, please visit https://www.lovell.co.uk/