£9.3M Build-to-Rent Development Launches in Wolverhampton
Build-to-rent specialist Wise Living has officially launched its new £9.3m development in Wolverhampton.
Reservations are now being taken on 64 new properties at the development on Cambridge Street. Home to the former Springfield Brewery yard, the scheme has completely rejuvenated the site, which has lay vacant for the last 25-years.
Wise Living has partnered with housebuilder Keon Homes for the project, working in conjunction with Birmingham-based architects BM3 to ensure that the build complements the local heritage of the area and reflects its historical significance.
The 33 one and two-bedroom apartments and 31 two-bedroom homes will welcome their first tenants from November, meaning that residents will be in their new homes in time for Christmas.
Properties available include the The Starley, a modern two-bedroom apartment from £670 PCM and The Hobbs, an impressive two-bedroom home with study from £790 PCM.
Anne Malone, head of customer experience at Wise Living, said: “More than £10bn has been invested into the BTR market in the last five years, with Birmingham and the surrounding areas highlighted as one of the major growth areas for the next decade. We’re delighted to be launching our third development in the West Midlands and our second in partnership with Keon Homes, after working together on the hugely popular Herbert House scheme in Coventry.
She added: “There’s increasing demand for high quality rental properties in Wolverhampton for couples and families and we’ve already had significant interest in the development. We’ve worked hard with our partners to transform a former derelict space on Cambridge Street into something we’re all hugely proud of. A crucial part of the project has been about working with our partners to create design features, aesthetics and landscaping that complement the surroundings but are also sympathetic to the area’s heritage.”
Prior to launch, Wise Living and Keon Homes have been shortlisted for their work on the Cambridge Street development in the Private Rental Sector Deal of the Year category at the 2021 RESI Awards – one of the residential property sectors biggest award events.
Wise Living has developments across the country, including in Telford, Coventry, Rotherham, Birkenhead, Boston, Mansfield and Hull.