Compendium Living is a principal partner in the continuing regeneration of the Lee Valley area of south-east Liverpool. The area includes a number of large ex-local authority housing estates. These estates transferred from Liverpool City Council to registered social landlord Riverside in 2003, and Riverside spent approximately £45m improving the homes.
Riverside’s investment dramatically improved the social housing and the quality of life for residents. However, the area suffers from a relatively low level of home ownership and a lack of affordable homes for sale. It has higher than average poverty and unemployment. In addition Riverside inherited huge swathes of poorly designed, and under-used open space that added nothing positive to peoples’ lives. With its vibrant community and good local amenities, there is a demand in Lee Valley for affordable homes to buy. If the lack of homes for sale and the poor environmental quality of the area were not addressed, Riverside’s investment in the area could be put at risk.
The shared vision for Lee Valley is to:
- Increase and enhance the range and attractiveness of residential offer in Lee Valley in line with the objectives of the Liverpool City Region.
- Improve the quality of place for existing residents and to attract new households.
- Diversify the range and tenure of homes and increase the long term sustainability of the Lee Valley estates.
Compendium Living is working with Riverside, Liverpool City Council and local people to use vacant land that Riverside own in the area to improve the housing mix (both type and tenure) and facilitate better balanced, more mixed income neighbourhoods.
Compendium Living is 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 over the next 5-10 years. The first of these sites, our Mill Brook development in Netherley, was completed in 2014. This provided 47 high-quality homes for sale, along with affordable housing and enhanced open space in an area that has suffered from a lack of investment in the past. Our second development in the area is on the site of the former Joseph Williams School which closed in 1997. The first phase of this development was all affordable and completed in 2017. The second phase, our Joseph Williams Place open market sale development of 110 new homes, is on site now.
This regeneration initiative is not just about housing though. The regeneration aims also include:
- Improving the quality of the general environment, including recreational and community facilities that have previously suffered from under investment, to make Lee Valley a more attractive place to live. A major programme of improvements to open spaces across the community has already taken place.
- Providing a dedicated employment and training officer to support residents of Lee Valley to find work, training and experience. From 2010-2106 this initiative has helped nearly 200 local people into work, as well as over 100 to gain qualifications.
The land receipts generated from Compendium Living’s developments, along with other funding from Riverside, has been recycled to support this investment in environmental and social outcomes.