Coventry investments to create a super-city

There has been some great news recently for those with properties for sale in Coventry, with significant investment giving home movers even more reason to move to the city. As a leading Coventry estate agent, Allsopp & Allsopp is sure these investments will keep home moving activity buoyant and attract new buyers into the area throughout 2015.

Coventry investments to create a super-city

The latest investment news for the city includes:-

23,000 new homes to be built  - plans to build 23,000 new homes in Coventry, with 57,000 more spread across Warwickshire, have been approved by the city council’s cabinet. The plans will go to full council for final approval on March 17, and have been drawn up as a result of population growth predictions from the Office for National Statistics.

There's already a diverse selection of houses and flats for sale in Coventry but these new build properties will enable many more buyers to get on to the property ladder for the first time or move home as their families expand. More homes also means the Coventry property market moves faster and at improved price points.

It's not only the housing stock and selling process that will receive a boost, as the knock-on effects of this ambitious building project will increase employment in the area, lifts the economy and lead to an improved infrastructure, with more schools and doctors' surgeries in the area. Labour councillor Phil Townshend said: “This is good news. It means people coming to the city and contributing to the local economy, culture and education.”

Coventry train station benefitting from £21 million investment - a new report has shown that the council has managed to generate £21.3million for its station improvement scheme.

Good transport facilities are generally sought by many people looking at properties for sale in Coventry, and the enhancements will benefit those who live in Coventry's suburbs as well as in the city - especially those that look for homes within walking distance of the station. A better station will attract more businesses and improve commuting conditions.

Some work will still start on the station this year, including an extension of the footbridge and canopy between station platforms; building a new entrance to the station from Warwick Road; creating a new passenger drop off point and providing additional car parking. Mike Waters, Transport Manager at the city council, stated: “It’s good to have great ambition. It’s a major scheme right at the heart of a major regeneration project, and we have ambitions to deliver the very best we can there.”

If you'd like to know more about living in an improving city and for a selection of our finest flats and houses for sale in Coventry, please visit our Coventry estate agents office.

Photo by jonn