Spring onto the proberty ladder in Stockport
MISS the first rung on the housing ladder and buy a family-sized home in Stockport rather than a city centre apartment with Help to Buy and the offer of Stamp Duty paid.
Research from Hometrack suggests Manchester was the city with the second quickest house price growth last year due largely to the gap between supply and demand. Apartments accounted for the majority of sales in Manchester, but by expanding their search area and thinking about their future, not just their current housing needs, aspiring homeowners will have much more to choose from.
For example, at Cherry Tree Park in Stockport, current availability includes a choice of four-bedroom homes.
They’re all eligible to be purchased using the Help to Buy equity loan scheme. Plus, with Elan Homes offering to cover the cost of Stamp Duty, they’re an even more attractive prospect.
Among the homes available is the four-bedroom Richmond, priced from £279,995 with carpets included.
Help to Buy reduces the initial cost of this home to £223,996 including a 5% deposit and 75% mortgage, with the equity loan covering the remaining 20%.
Elan will even cover the cost of Stamp Duty in a move that could save the purchaser £4,000.
Marie Morris, sales director for Elan Homes in the North, explains: “The Halifax First Time Buyer Review makes stark reading for those considering buying their first home with the average price and deposit paid by those starting out at a new high. What they may not realise is that with Help to Buy they should only need a 5% deposit and a 75% mortgage as the remaining 20% is covered by the equity loan, which is interest free for five years. Plus, because we recognise that many people don’t account for Stamp Duty when they’re assessing their finances with a view to buying a home, we’re offering to cover this cost on selected properties for a limited time only.”
The Richmond offers 1,030 sq ft of accommodation, carefully designed to make the most of the space available. Almost all of the ground floor is open plan, with a lounge at the front of the property leading through to the kitchen and dining area at the rear. There’s also a convenient downstairs cloakroom.
Upstairs, there are four bedrooms and the family bathroom.
The new homes are being built on part of a former hospital site in the prime residential suburb of Great Moor. The area benefits from good local amenities including schools, a library and restaurants all within easy reach.
To find out more about owning a brand new home at Cherry Tree Park visit the development, open Thursday to Monday from 10am to 5pm. Alternatively, call 0845 2938973