Gladedale pushes Stoke development forward

Gladedale is continuing to push forward its Wedgwood Gardens development, part of Stoke-on-Trent's flagship housing regeneration, despite difficult market conditions.

In keeping with its plans to provide quality, affordable housing the developer has introduced an initiative that allows homebuyers the chance to buy a two bedroom contemporary apartment for less than £94,500 which is less than the current average price of £98,380 for an apartment in Stoke*.

Both the apartments and three bedroom homes and Gladedale's Shared Purchase** initiative have proved popular with homebuyers at the development. Just four remain available in the current release.

Through Shared Purchase, buyers only have to pay 75% of the cost. The remaining 25% becomes an interest free loan, payable in ten years time or when the house is sold, whichever comes first. In addition, there is no requirement for a deposit.

Michaela Lancaster, sales and marketing director for Gladedale (North West) Ltd, said: "This regeneration programme is breathing life back into a once vibrant area and we are proud to be a part of the transformation. We are still experiencing good levels of interest at Wedgwood Gardens and are committed to creating quality and affordable homes for people who want to live here.

"With current difficult market conditions, Shared Purchase is one of the few initiatives available that can help people make that crucial first step on to the property ladder.

"In our experience, Shared Purchase can sometimes mean the difference between being able to afford your own home or not, so we would urge anyone considering buying to come and speak to us and find out more about the initiative."

She added: "Shared Purchase allows homeseekers to get a lot more for their money from a new home. They only need to qualify for a mortgage on 75% of the price of the property which could see the buyer being able to afford three bedrooms rather than two."

Shared Purchase also removes risk as the 25% share value, which Gladedale invests in until the buyer sells or re-mortgages the property within ten years, could go up or down. Therefore, depending on market conditions at the time, the buyer will still only pay back 25% of the market value at that time.

Spanning 14 acres of the 50 acre development, Gladedale is developing and regenerating land next to the Caldon Canal and within walking distance of Hanley City Centre.

As part of its investment over the next seven years, Gladedale is committed to protecting the heritage of the area for many generations to come.

Located in a prime position next to Caldon Canal and within walking distance of Hanley city centre, Wedgwood Gardens is offering a place that their new homeowners will be proud to call home.

Good transport links with the M6, A500 link road, Stoke-on-Trent railway and regular buses throughout the town makes commuting, shopping and socialising easy for new homeowners.

Prices at Wedgwood Gardens start at £125,995.

For more information on Wedgwood Gardens, log on to Wedgwoodgardens.co.uk.

For information on all Gladedale developments visit Gladedale.com

* Source: BBC website
** Terms and conditions apply, please see the sales executive for details.