Compendium Living is now working in the Lee Valley area of south eastern Liverpool, which is made up of a number of large ex-local authority housing estates. These estates transferred from Liverpool City Council to registered social landlord Riverside in 2003, and the affordable rented homes in the area have since received significant investment.
Whilst this has improved the area's sustainability and the quality of life for residents, it still suffers from a relatively low level of home ownership and a lack of affordable homes for sale. With its vibrant community and a good range of local amenities, there is demand in Lee Valley for affordable homes to buy. The danger is that if this lack of homes for sale and the poor environmental quality of the area are not addressed, Lee Valley’s general improvement towards becoming a ‘sustainable place to live’ may be threatened.
Compendium Living are working in partnership with Riverside to use vacant land in the area to improve the housing mix (both type and tenure) and facilitate better balanced, more mixed income neighbourhoods.
Compendium will be developing a wide range of homes for sale, as well as a small number for shared ownership and affordable rent, over a number of sites across Lee Valley. The first of these are on our Mill Brook development on Wood Lane, Netherley, where a mixture of 47 homes for sale and 24 social housing units are already underway. Since its launch in March 2012, this development has been enjoying strong sales off plan. You can find out more about this development, and the quality and high specifications of on offer there at our Mill Brook sales webpage.
This scheme was recently a regional winner in the LABC 2013 awards (Best Affordable Housing Development, North West Region.
But this project is not just about housing provision. The project also aims to improve the general environment, including recreational space and community facilities that have previously suffered from under investment, to help make Lee Valley a more attractive place to live. The income generated from Riverside's sale of land to Compendium will support investment in environmental, community and affordable housing replacement work, including a major programme of improvements to green spaces across the community.