Countryside and Sigma Capital Group have started on site with £35m of residential development across four sites in Rochdale, delivering 264 homes.
The brownfield plots at Roch Street, Entwisle Road, Durham Street and Norwich Street were all previously earmarked for regeneration under the Government’s Housing Market Renewal project, but the projects stalled after HMR was discontinued in 2011 and funding to redevelop the sites was withdrawn.
Some of the sites have been derelict for well over a decade.
The properties will be a mix of two, three and four-bedroom houses, with 48 apartments also set to be delivered. They will all be available for private sector rent.
The homes are all set to hit the market towards the end of next year. Collectively, all four sites are expected to generate around £1.3m in New Homes Bonus and a further £300,000 per year in council tax receipts.
Cllr Linda Robinson, assistant to the cabinet member for planning, development and housing at Rochdale Council, said: “The fact that Countryside and Sigma Capital Group plc are working to regenerate these long term empty sites demonstrates the huge potential they see in Rochdale and its appeal as a place to live.
“When it comes to development, we’ve always operated a brownfield preference policy and building homes such as these, close to major transport links and the town centres, creates sustainable and vibrant communities in areas in need of regeneration.
“We’re also working hard to bring forward land for around 2,000 homes in and around Rochdale town centre as part of this strategy. This includes targeting stalled sites with planning permission and actively using our CPO powers to bring empty land and properties back into use to satisfy the growing demand for homes in Rochdale.”