Wavensmere Homes

The East Midlands BBC News team has been back to Friar Gate Goods Yard to see the 🚜👷♂️👷 Take a look at the clip, featuring Wavensmere Homes’ Donna Smith, William Crooks of Cawarden and Derby North MP Catherine Atkinson. Marketing Derby Derby City Lab Derby City Council

Visit the Lab to watch the new footage of Wavensmere Homes & Wilson Bowden Developments' plans for the redevelopment of one of the final plots of vacant land within Derby’s Cathedral Quarter, Cathedral One. 👉 https://buff.ly/44Cwg1Z #DerbyCityLab #DerbyUK

With Rachel Reeves’ first Budget a week away, James Dickens, managing director of Birmingham-based regeneration specialist, Wavensmere Homes, looks ahead to what we can expect to see on 30 October. Read the full story here: https://lnkd.in/dB3_BaeG #property #housebuilding #newbuild #newhomes #construction

Commenting to Show House ahead of Rt Hon Rachel Reeves’ first Budget, James Dickens, our MD, said: “Despite the welcome positivity about planning reform and boosting the housing market, businesses and property landlords are fearing the worst.   “Reeves has made it clear she is looking to fill an apparent £40bn hole in the public finances, with the Office for Budget Responsibility predicting the Treasury will raise more than £1 trillion in taxes this year. This is likely to end up as the biggest tax-raising Budget in 30 years. Meanwhile, government departments are being warned of the need for significant spending restraint. Where’s the joy, and how does the Chancellor expect to improve GDP?   “Freezing Income Tax thresholds for another two years will bring in £7bn in additional ‘stealth tax’ revenue. Employer National Insurance contributions are also likely to be targeted, in order to raise between £9bn - £12bn. Employers may also be required to pay tax on pension contributions, but the Treasury has been warned this could ultimately lead to lower wages and fewer jobs.   “The feared significant hike in Capital Gains Tax – to bring it more in line with Income Tax thresholds – is likely to be applied to the sale of shares and businesses, but mercifully not second homes or buy to lets. The number of homes up for sale last month that had previously been available to rent hit a record high of 18%, in response to alarms of an increasingly aggressive tax environment being imposed. Having far less rental properties – when the demand is so high – could have caused yet another housing headache for both the government and tomorrow’s prospective homeowners.   “Angela Rayner’s ‘£1bn council housing revolution’ could play into the hands of the increasingly powerful land-rich PLC housebuilders. Meanwhile, planning and pre-construction issues continue to negatively affect the supply of new homes, with as few as 135,000 expected to be built this year. Constructing 300,000 new homes per year is a pipedream! The Deputy Prime Minister should be finding ways to assist housebuilders with delivering the Future Homes Standard and Biodiversity Net Gain legislation, to counteract the cost burden being passed onto the consumer.   “The much-needed welcome news is that UK inflation fell to 1.7% last month. This must be followed at the 7th Nov MPC meeting with a meaningful Base Rate cut to stimulate the economy and reduce the cost of servicing a mortgage. A quarter point drop wont do enough to provide the market visibility and confidence that is required across all industries.   “I am yet to hear of any proposed fiscal change that could improve GDP. Why isn’t cutting Business Rates a top priority? By doing this, the Government would signal that it is indeed backing the dynamic firms that possess the potential to expand and drive the growth of the UK’s economy.”   https://lnkd.in/dB3_BaeG

In Derby, we're helping transform a derelict former hospital into a thriving new community. We provided commercial and development loans to the developer, Wavensmere Homes. These funds helped acquire the site and redevelop it into a vibrant £175m residential-led scheme with over 900 houses and apartments. The iconic ‘pepper pot’ buildings, a cherished part of the hospital's history, have been preserved and given a new purpose – housing a gym and a restaurant for residents to enjoy. Discover more about our projects: https://bit.ly/3YoUYC2 #RealEstateDebt #CommunityInvestment #CatalystForTransformation

It's great to see Down to Earth and our Nightingale Quarter development featured in The i paper article on what Derby has to offer. Read Caroline Butterwick's piece here: https://lnkd.in/e5T-RFfP

Plans to redevelop Friar Gates Goods Yard will deliver 276 new homes and £100m investment & include the reanimation of two landmark Grade II listed buildings 🏘️ Visit the Lab to watch footage of this key city centre development 📽️ 👉 https://buff.ly/44Cwg1Z #DerbyCityLab #DerbyUK | Wavensmere Homes

Wavensmere Homes has started work on a £75 million project to redevelop Friar Gate Goods Yard 🙌 Find out more 👉 https://buff.ly/3ZXJqqe #Bondholder #News #MarketingDerby #DerbyUK | Derby City Council

We're thrilled to hear that Belgrave Village resident Michael Swords is saving £400 a month via Shared Ownership, compared to if he rented his apartment. While prices for one-bedroom apartments here currently start from £208,000, Mr Swords purchased a 30% share via Home Reach’s shared ownership scheme. The 5% deposit was £3,000. He pays a £330pcm mortgage repayment, together with £360pcm rent for the remaining 70% of the new build property. 80% of the 438 houses and apartments at Belgrave Village in central Birmingham have already been matched with purchasers, and the cost to rent an equivalent apartment at this popular development is £1,100pcm. Michael Swords, Belgrave Village resident and a Senior Lister for Connells in Birmingham, said: “I specialise in the valuation and preparation of sales particulars for lived-in homes coming onto the resale market, so I hadn’t got first-hand knowledge of Belgrave Village before choosing to buy there. I have two dogs, so green space and peaceful surroundings was as important to me as a quick commute into the office. When colleagues in the new homes team spoke about the development, it was just what I’d been looking for. “I couldn’t afford to buy on the open market, due to the level of deposit required to obtain a decent mortgage offer. Shared ownership opened up the opportunity for me to get on the property ladder with just a £3,000 deposit. Until I received the calculations, I had no idea what a saving it would be, compared to renting. "My friends and family can’t believe I’m paying less than £700 a month. As it’s an energy-efficient new build, the bills are very low too. There’s no gas here, and electricity and water costs me a total of £80 per month. “I feel like I’ve really landed on my feet here. Walking the dogs round all the open spaces is a great way to meet the new neighbours. I’m looking forward to the on-site gym and screening room opening in the next few months. Having not previously known much about shared ownership, I am so pleased it was available to me. I like the thought of increasing my ownership stake via staircasing, too.”    We're delivering the £106m Belgrave Village development in partnership with Galliard Homes and Apsley House Capital PLC. Read the full story on our website: https://lnkd.in/eFtqWGM8

A pair of Grade II-listed buildings in Derby city centre are being brought back to life as part of a £75m mixed-use regeneration project. #construction #regeneration Wavensmere Homes Catherine Atkinson Derby City Council Nadine Peatfield Octopus Real Estate Glancy Nicholls Architects Pegasus Group James Dickens Claire Ward