Not long ago, plans were announced to build a 128-home housing estate on the unused land near the iconic Emma Bridgewater Factory, and now they've been approved.
The multi-million-pound property development which will consist of 38 one-bedroom apartments, 47 two-bedroom apartments, 24 two-bedroom houses, and 19 three-bedroom places is expected to attract ambitious young graduates that are in pursuit of high-quality homes - all of which will be available to rent.
A brownfield site (an area of land that has been previously developed upon), the housing estate is fully supported by the local authorities as it's been deemed as a positive and sustainable use of local land. And with this host of affordable homes soon to be available for rent in the heart of the city, the initiative is almost certain to have a positive impact on the local economy.
Speaking to The Sentinel on the subject, council leader, Council, Ann James, explained:
"Stoke-on-Trent is an increasingly attractive location for developers and investors who are showing real confidence in the city.
We have worked hard to demonstrate that Stoke-on-Trent is open for business and the mixture of public and private-sector residential schemes is a testament to the continued regeneration of our city."
The take-home here is that Stoke-on-Trent is a city on the up and as time goes on, the entire area continues to go from strength to strength - with an influx of invaluable housing developments, cutting-edge cultural initiatives, public investments, infrastructure improvements and emerging local attractions all on the menu for the not so distant future.
What does this mean? Well, it’s simple: if you’re a landlord looking to invest in an area that is in the midst of a major renaissance, purchasing affordable properties to let today that will yield you a healthy profit tomorrow, Stoke-on-Trent is the place for you.
We’ve said it before and we’ll say it again - the early bird catches the worm - so if you get in now you’ll have your pick of the bunch, reaping endless longterm rewards in the process.
What are you waiting for? Strike now while the iron’s hot.
It’s getting harder for first-time buyers to secure a deposit so now more than ever, people are looking for secure, long-term tenancies. To find out more, check out our latest insight on the subject.