New homes snapshot – Wolverhampton’s new builds cater for all budgets
Posted 15 September 2016 by Keith Osborne
At the heart of the Black Country, Wolverhampton has undergone big changes in the past few decades, but a healthy new homes market and wide array of new builds currently for sale indicates that it remains a popular choice for house-hunters as it adapts its economy and amenities.
The city council estimates current regeneration projects totalling around £1bn, with substantial investment in new schools, shopping facilities and the Wolverhampton Wanderers football stadium. A new bus station is also on the way, to provide a modern transport hub, key to a place that aims to attract development and residents thanks to its strategic Midlands location. Plans also include a new station to meet new demands and standards and to provide new public space, as well as integrating with the Metro service and the nearby canal.
This summer, the local Express and Star newspaper reported that new research from the Office for National statistics predicts a population rise of 32,000 in Wolverhampton over the next 23 years, to 288,000 in 2039. The 12.5% increase is similar to many places in the surrounding area, though somewhat short of the 18% seen for the city of Birmingham.
The city’s current housing strategy anticipates an increase of 11% in the number of households between 2006 and 2026, leading to a target of 13,400 new homes to be built within that period. While the early years of this strategy were blighted by the effects of the global economic crisis, there is confidence that the deficit will be made up in the coming years, though the city council’s document also recognises that the affordable homes needs will be a long way short of what is needed.
New homes currently for sale in Wolverhampton:
Compton Park has been a popular choice for buyers of large family homes and the Redrow Homes development is now nearing completion, with just a few options now remaining. The site is within easy reach of the city centre and neighbours the Smestow Valley Local Nature Reserve. Priced from £459,995, these few four-bedroom houses are available through the Help to Buy scheme, ideal for buyers who can offer a deposit of just 5%.
Barratt Homes is bringing 124 new homes to the city at Mercury Place, with a mix of two-, three- and four-bedroom homes to appeal to first-timers, families and downsizers alike. The scheme is just over a year into its build and there is a marketing suite and show homes for house-hunters to visit seven days a week, and a range of assistance schemes to opt for. Prices start at £136,950.
In the village of Tettenhall, David Wilson Homes is offering a collection of executive five-bedroom homes at Woodthorne, with prices starting at £680,000. The company is holding a late-night Open Event tonight (Thursday 15 September), where the development is open until 7.00pm for homebuyers to check it out after work. A summer’s evening will be the ideal time to check out this characterful village, too.
Prices start at £114,950 at Persimmon’s Ettingshall Place in Bilston, which is providing two-, three- and four-bedroom homes all available under the Help to Buy scheme. Bilston is well connected to all the local towns and cities, and just a few minutes from the M6.
The same housebuilder is offering apartments and houses from £129,950 at Akron Gate, in the north of Wolverhampton, within easy reach of the M6 and M54 as well as a host of local amenities. Help to Buy, Part Exchange and Home Change schemes are all options for buyers looking for some assistance with their purchase.
Those looking for purpose-built retirement living homes can find 22 one- and two-bedroom flats at Bluebell Court, from specialist developer McCarthy & Stone. With prices from £299,950, these properties for over-60s are complemented by a residents’ lounge, en suite guest room and landscaped grounds.
Off-plan right now for those looking for a Shared Ownership start on the property ladder is The Willows in Bushbury, from Accord Housing Association. These 22 two- and three-bedroom homes are available on an initial share of 50% from £57,500. These energy-efficient homes come with a contemporary design and good specification throughout.