Great Places plots 73 Stockport homes

The housing group wants to deliver affordable apartments in the King Street West area, in a £16.4m project.

Funded in part by Homes England, the development will be located in the Stockport Mayoral Corporation Town Centre West regeneration area, which aims to create a new gateway in the town centre with 3,500 homes and more than 1m sq ft of commercial space.

The development will consist of 73 one- and two-bed apartments, all of which will be available through the government-backed Rent to Buy scheme.

Rent to Buy gives customers the opportunity to save a deposit by reducing the rent to 80% of market rent for at least five years. If residents choose to then buy their home, the product is designed to ensure they have the deposit saved.

Helen Spencer, executive director of growth at Great Places, said: “In line with [Stockport] Mayoral Development Corporation’s aspirations to develop the Western gateway into a residential location of choice, our plans consider how these homes will contribute to the long-term development of a resilient and vibrant community.”

Spencer added that residents would “benefit from all the attractions in the town centre, while adding to the wider sustainability of the town centre”. Subject to planning consent, work will start on the new site early in 2023.

Elsewhere in the borough, Great Places is looking to bring forward a 150-home development in partnership with Clowes in Heald Green. The housing association wants to provide 110 affordable homes within the site, formerly used for airport parking.