Savvy homebuyers could reap the rewards of buying 'off-plan' in Manchester
With house prices in the North West expected to continue to rise over the next three months the region’s homebuyers could make a savvy move by buying ‘off-plan’ in Manchester.
Giving purchasers the option to customise their new home to suit their own personal style, as well as making it more likely they will secure their preferred position on a new development, buying a home before it is built has a number of benefits.
Housebuilder Lovell is part way through a major regeneration project that will eventually bring around 1,000 new homes to Miles Platting as part of a brand new neighbourhood called Platting Village.
The latest phase, named Faraday Green, will go on sale ‘off-plan’ on June 10 at a preview evening at Park View Community School, on Holland Street, from 5 to 8pm. Following the launch, interested purchasers can visit Lovell’s nearby development at The Way, off Rylance Street, in Beswick, for more information until the sales office and show home open at Faraday Green later this year.
Clare Noakes, regional sales manager for Lovell in the North West, said: “With house prices in the North West expected to rise by up to 7% this year, we’re seeing more people who are keen to purchase a new home ‘off plan’. Securing a home early could even mean its value has increased by the time the purchaser moves in.
“Buying in the early stages of a development such as Faraday Green also increases the likelihood that the best properties and the most attractively positioned plots will be available. Additionally, homebuyers could have their pick of the interior finishing touches from kitchen units and worktops to tiling and flooring choices, enabling them to create a home that fits their practical needs and design preferences.”
Faraday Green follows on from the highly successful neighbouring Gener8 development. The new homes provide spacious layouts, fitted kitchens, complete with appliances, gardens and parking and have the added benefit of being built to Level 3 of the Code for Sustainable Homes.
The neighbourhood will include green open spaces, including a new park alongside the Rochdale Canal.
Help to Buy means customers could purchase with just a 5% deposit and receive a 20% equity loan from the government, interest free for five years.
Situated within an established residential area, residents of Platting Village will be within easy reach of a host of local amenities including the £7.4m Park View School, Miles Platting and Ancoats Sure Start Children’s Centre, Victoria Mill and the sports facilities at Eastlands.
A sales office and show homes will open later this year. For more information or to register your interest for the preview evening on June 10 visit lovellnewhomes.co.uk.
