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Stockport buyers urged to compare the market

TAKING stock and considering the purchase price and the hidden cost of repairs and renovations is a must for homebuyers in Stockport.

Values at Cherry Tree Park compare favourably to the average asking price for the surrounding area. Plus, with Help to Buy equity loans available the competitively priced homes become an even more attractive prospect.

And if that wasn’t enough, as the properties are brand new there’s no need to set aside additional funds for costly home improvements that an older house will almost certainly require.

Marie Morris, sales director for Elan Homes in the North, explains: “A home is a significant purchase and while no two properties are the same it’s important to consider all of the associated costs before making a decision. Home.co.uk lists the average four-bedroom property in the Stockport area at £351,423 – that’s more than £25,000 more than the four-bedroom Langley at Cherry Tree Park. Factor in Help to Buy and the initial price of a brand new home drops to just £259,996.

“With the Home Builders Federation calculating that it costs around £45,000 to bring a three-bed semi to the same standard as a new home, the potential savings soon add up.”

The Langley is a three-storey townhouse with open plan kitchen and dining room, storage space and cloakroom to the ground floor. The lounge, second bedroom and a shower room are on the first floor. Up on the second floor are three further bedrooms, including master with en-suite, plus the family bathroom.

On the market at £324,995 or an initial outlay of £259,996 with Help to Buy, the property also benefits from an integral garage.

Alternatively, those with a house to sell may be able to use part exchange to enable them to move sooner rather than later.

Located in the prime residential suburb of Great Moor, the homes at Cherry Tree Park benefit from good local amenities including schools, a library and restaurants all within easy reach.

The show home at the development is open Thursday to Monday from 10am to 5pm. For more information, call 0845 2938973