Creating a new town centre neighbourhood
As we continue to step up the supply of affordable homes across the region, one of our latest developments in Bolton is starting to take shape. At Chorley Street in Bolton town centre, we’re transforming a disused car park into an attractive new neighbourhood.
It’s our biggest new build project to date, with a mix of 118 new homes being developed in partnership with Irwell Valley Homes. The development has received grant funding from the government through Homes England.
The 5,700 square metre site, called Chorley Place, will include 36 apartments for affordable rent, available through the council’s choice based lettings service by visiting here. There will also be 25 apartments for people aged 50 and over, as well as 17 houses available to buy under the government’s shared ownership scheme.
The remaining 40 apartments will be available on a Rent to Buy basis for people looking to get onto the property ladder. This scheme enables tenants to rent a home at 20% less than the market rent value for up to five years, giving them the means and opportunity to save for a deposit.
By creating mixed developments which include homes for sale, we can invest any money we make into building more social housing and regenerating communities.
Chorley Place Drone Footage
A choice of affordable homes
As our Development Director, Dominic Conway, explains, Chorley Place is a distinctive development that offers something to suit a range of needs. “To help meet the housing shortage in Bolton we need homes of all types to suit people with different needs,” says Dominic.
“Working in partnership with our colleagues at Irwell Valley Homes, we’re providing social housing for people on a low income, affordable homes for first-time buyers and properties for older people who want to downsize.
“The variety of homes and its location is what makes this development different. It’s been a long time since we’ve seen any new houses built in Bolton town centre. When residents move in towards the end of this year, they’ll be able to walk into town and take advantage of the shops, markets, restaurants and leisure facilities on offer.”
The shared ownership houses – four of which are three-storey townhouses – come with landscaped front and back gardens. The apartments have Juliet balconies, some of which give great views of Queen’s Park and the River Croal, which runs next to the development.
Town centre renewal
Speaking about the partnership, Claire Griffiths, Executive Director of Growth, Development and Assets at Irwell Valley Homes said: “We’re delighted to be part of this project. It’s the first time we’ve collaborated with another housing provider to create a new community where all the homes are affordable, whether they’re for rent or sale.
“This is also an important regeneration project for the town where a derelict piece of land is being revitalised and put to good use. The investment being made will not only benefit those who live there but also local businesses and the wider community.”
Claire says that this development complements the other Irwell Valley Homes’ projects underway across the region. “We’re providing a further 250 homes across seven sites,” she adds. “Our target is to create 1,000 new homes across Greater Manchester in the next five years.”
Warmer homes with lower carbon emissions
Working with builder Watson Homes and architect, TADW, the homes at Chorley Place have been designed to reduce carbon output. Carbon neutral air source heat pumps will provide hot water to the apartments, which will also make the homes more energy efficient and cheaper to run for residents.
The apartments will also benefit from a MVHR (Mechanical Ventilation with Heat Recovery) system. Ventilation units will bring fresh, filtered air into the buildings while keeping homes warm.
“We have ambitions to develop zero carbon homes in the future,” adds Dominic. “As part of our climate change strategy, we’re exploring ways to reduce the impact of housebuilding on the environment, while reducing energy consumption and making the homes more affordable to run.”
How to find out more
Chorley Place is set to welcome its first residents at the end of this year. To find out whether you could buy a home for shared ownership, contact our Stonecross Homes team on 01204 329922 or visit Stonecross Homes.
To find out about the Rent to Buy properties, contact Margot Mangelmann, Development Manager at Irwell Valley Homes on 07741 268824 or email: Margot.Mangelmann@irwellvalley.co.uk
Housebuilding over the years
As we reach our 10th year as a housing association, it’s worth looking back to see how our housebuilding activity has developed over the years.
In 2013/14 we built just three homes. By 2017/18, the total number built rose to 95. To date, we’ve built 275 homes. We now have 300 homes in development and advanced negotiations on a further 250.
A recent rise in government funding for both homes to rent and buy has enabled us to boost our development activity. We remain on target to meet the 1,400-home milestone we’ve set ourselves by 2024.