This new image shows how one of Birmingham's largest development sites will be transformed with 1,150 new houses.

And the first 77 home phase of the long-awaited Icknield Port Loop development will be completed by next spring.

The new masterplan has been released by Joint Venture, the partnership of developer Urban Splash and regeneration firm Places for People.

As well as a major housing scheme the area will be home to a new swimming pool and leisure centre, commercial buildings, shops and cafes.

The first 40 properties available will be modular homes, allowing customers to choose floor plans, layouts, fixtures and fitting to suit their needs. They will go on the market later this month.

The new masterplan CGI shows how the existing Icknield Port Loop area will be transformed into a new waterside neighbourhood by the pioneering Joint Venture partnership of award-winning regeneration company Urban Splash and one of the largest property and leisure management, development and regeneration companies in the UK, Places for People. The JV is delivering the masterplan in tandem with Canal & River Trust and Birmingham City Council to deliver 1,150 new homes.

Project director Adam Willetts, Project Director for People JV , said: “We are delighted to unveil our full vision for Port Loop for the first time.

“This is an incredibly exciting regeneration scheme which will create a new area for Birmingham; our masterplan is to bring the best community amenities, commercial facilities and brilliantly designed homes together and breathe life into this site. “

He added: “As we’re on site, with the first clearing of the development already well underway, we expect our first customers to be living in these properties by spring 2019 – meaning waterfront, modular living in the city of Birmingham is much closer than you think.”

A second phase of homes, designed by award winning Birmingham architectural firm, Glenn Howells Architects and will launch for sale next year.

Work is also underway on plans for the wider community facilities to deliver the community facilities including canal-side cafes, waterborne sports hubs, community spaces and commercial opportunities, while personal and shared spaces will be provided for residents.

An earlier look at Icknield Port Loop plans

Also partners on the regeneration are Birmingham City Council and the Canal and River Trust.

Council leader Ian Ward, said: “Port Loop is an extremely exciting residential development and one the city of Birmingham can be proud of. With phase one launching imminently, we can’t wait to see how this unique waterside location develops over the coming months.”

James Lazarus, of the Canal & River Trust, added: “We know that spending time by the water can help people feel happier and more relaxed and, as seen in the masterplan, the regeneration of this area includes rebuilding an area of the canal system which has for years been overlooked.

"This will no doubt encourage more people to use the city’s canals and tow-paths to commute to and from work, travel to the city centre and participate in sports and recreation on the water so the wider benefits of the scheme are really exciting.”