Worth a total of £4.1m, the schemes at Lister Gardens on Crosby Road North in Sefton and Pavilion Point in Aigburth will provide a total of 34 homes. Tony McDonough reports
Social housing provider Regenda Group has started work on two affordable homes project in Merseyside worth a total of £4.1m.
Regenda subsidiary M&Y Maintenance and Construction is building shared ownership properties at Lister Gardens on Crosby Road North in Sefton and Pavilion Point in Aigburth.
Shared ownership gives first-time buyers the opportunity to buy a share in the property and pay rent on the remaining share, meaning purchasers require a smaller deposit. The owner can then increase their share up to 100% during their time living in the property.
Pavilion Point has been designed by Paddock Johnson Partnership and the £1.6m development will provide 14 two-bedroom apartments. The scheme has received £518,000 funding from Homes England.
Lister Gardens takes its inspiration from the art deco style of the former British Legion building on the same road and was designed by John McCall Architects. The £2.5m scheme will be a mix of 17 two-bedroom apartments and three one-bedroom apartments. It has received £800,000 funding from Homes England
Gill Kelly, managing director of M&Y Maintenance and Construction, said: “We are delighted to be starting work on two fantastic sites in the region.
“As an organisation, we are continuing to grow the construction arm of our business and this demonstrates how far we have come over the past few years.”