Place North West | Torus acquires Knowsley land for £24m housing project
The development was designed by Bowker Sadler Architecture
The Liverpool-based affordable housing provider has taken ownership of an 8.5-acre site off Knowsley Lane and Astley Road in Huyton from Knowsley Council having been granted approval for a 131-home development in the summer.
The £24m scheme will be built by HMS, Torus’ in-house building contractor, and provide a mix of two-, three- and four-bedroom houses available for Rent-to-Buy.
Rent-to-Buy is a Government-backed initiative that helps people to rent a newly built home at 20% less than market rent levels, to save a deposit to buy the property after five years or to convert their home to shared ownership.
Romiley-based Bowker Salder Architecture designed the project.
Torus Developments managing director Chris Bowen said: “Knowsley is an important area for Torus, and one we will continue to invest in over the coming years. Merseyside remains a key priority for Torus and we will continue working with the council to regenerate disused land and build affordable homes, suited to the individual needs of the people who live in the area.”
All commercial profits from the scheme will be reinvested back into the community via Torus’ charitable arm, Torus Foundation, Bowen said.
Construction is due to start before the end of the year and complete in autumn 2022.
Elsewhere in Knowsley, Torus’ has completed work on a £25m extra care and supported living scheme in Kirkby called the Maples.