The Elizabeth Road estate in Cannock is undergoing a £17 million transformation by Waterloo Housing Association working in partnership with Cannock Chase Council and housebuilder Lovell to create 150 high-quality new homes for rent and sale.
Originally built in 1952 and named in honour of Queen Elizabeth’s coronation, it is fitting that the redevelopment of the estate is taking place during the year of the Queen’s Diamond Jubilee.
The first new homes – which are nearing completion – will be ready to move into during early summer 2012. They will comprise houses available to buy through shared ownership and for rent to local people. A selection of houses for outright sale will quickly follow, with the whole mixed-tenure development due to be finished by spring next year.
After feeling the effects of the economic downturn, the extensive regeneration project has been successfully taken forward by the partnership between Waterloo, the Council and Lovell, with key support from the Homes and Communities Agency (HCA).
Officers and councillors from Cannock Chase Councikl visited the estate to see the new homes for themselves, along with representatives from Waterloo and Lovell.
Cllr Frank Allen, Cannock Chase Council Housing Leader, said: “It has been a long but very worthwhile journey to get the Elizabeth Road estate to this brink of a very bright and promising new era. I’m very impressed with the quality and design of the new housing, and look forward to the coming months as residents move in. I’m sure they will be very proud to make the development their new home.”
Jeff Sharnock, Chairman of Waterloo Housing Association, said: “The new housing is set to transform a neighbourhood and the lives of local people who move there. There will be a vibrant and healthy mix of home ownership and rented homes, all built to the same high quality standard and design.”
Opportunities to buy a home through shared ownership will start from just £30,000 for a 25% share. A marketing suite will open at Monarch Park on 24th March for customers to find out more about the 37 homes for shared ownership with Waterloo and the 50 homes to be sold by Lovell.
“This is a very important development both for Lovell and also for Cannock,” said Lorraine Kendrick, regional sales manager for Lovell. “This particular area has been earmarked for development ever since the recession began but I’m delighted that we are now in a position to invest heavily in the development, which will bring genuine quality to a location that is in real need of new homes.”
The new homes are replacing the estate’s old defective concrete homes. The last of these are currently being knocked down in the last phase of demolition work.
As well as the stylish and spacious new homes, the redevelopment will also provide attractive public open spaces, a children’s play area and a newly laid road through the estate.
Member since: 10th July 2012
I am Steve Mallows, the owner of thebestofcannock.I have lived in Cannock since moving down from Yorkshire aged 5 years.I am passionate about the Cannock area and helping local businesses. I have a keen...