Livv Homes has acquired an additional 21 affordable homes at the thriving Canterbury Park development in Huyton, Merseyside. These new homes, offering options for Shared Ownership and Rent to Buy, will open up greater opportunities for aspiring homeowners to get onto the property ladder.
The new collection of affordable homes comprises a mix of semi-detached and detached two-, three- and four-bedroom houses — 17 are available for Rent to Buy and four are on the market for Shared Ownership. Rental prices start at £680 per month, with Shared Ownership plots available from £85,600 (based on a 40% share).
The £3.7m investment into the addition of new homes strengthens Livv’s affordable housing portfolio at Canterbury Park, where it already owns 94 properties — including 29 for Rent to Buy and 38 for Shared Ownership.
Howard Roberts, Executive Director of Finance, Risk & Performance at Livv Housing Group, commented: “Canterbury Park is a popular development that’s creating a vibrant community in North Huyton. After the success of our initial launch of homes last year, we’re proud to be able to increase access to affordable homes there and give more future homeowners the opportunity to join this thriving community.
“Rent to Buy is proving to be very popular as customers benefit from paying discounted rent which enables them to save towards a mortgage deposit. Shared Ownership on the other hand is a great way to buy a home in stages — with the initial percentage based on what you can afford and paying rent on the remainder.
“The addition of 21 more homes marks another step forward in our growth strategy. It reinforces our commitment to meet the growing demand for affordable housing in Knowsley and the wider Liverpool City Region as we strive towards providing over 300 new homes for the next five years.”
The affordable homes at Canterbury Park are available now, with final completions expected by spring 2024.