Pioneering North Manchester homes open to all

Home buyers from across North Manchester and beyond can now be part of a pioneering regeneration scheme in the city.

Dozens of local people turned up at the weekend to view new show homes at Hanson Gardens, in Moston, where Redrow is working closely with Manchester City Council to build 128 two and three-bedroom homes.

City councillors joined Redrow sales staff to welcome them to the development.

Residents of the Moston and Harpurhey wards have enjoyed a two week priority period in which only they could snap up a brand new home at Hanson Gardens.

Now, with fully furnished show homes open, the properties at Hugo Street, off Lightbowne Lane are open to all. And everyone can take advantage of a shared equity scheme operated by the City Council, which will allow them to defer 25% of the price interest-free for 10 years.

Christine Aitken, sales director for Redrow Homes (Lancashire), said: “Local people have shown a keen level of interest in the new homes being built at Hanson Gardens with nearly 50 people taking a look inside the show homes over the opening weekend. We’ve taken several reservations already and are busy qualifying others for the shared equity scheme.

“The quality of the homes sets them apart from other properties in the area and those who buy now have a greater chance of reserving their preferred plot and also of making the individual design choices that help make a house a home.”

Two-bedroom homes at Hanson Gardens are available from £104,995, with three-bedroom properties on the market from £129,995.

Buyers who utilise shared equity to put off paying up to a quarter of the price can snap up a two-bedroom home for an initial outlay as little as £78,746.

Purchasers will only need to take out a mortgage for 75% of the value of the home, which means they should have access to some of the better mortgage interest rates without needing a large cash deposit.

They’ll still own 100% of their new home from day one but can defer a quarter of the price for up to 10 years or until they have more funds available. Crucially the equity loan is interest free for 10 years.

Councillor Henry Cooper said: “These homes are of a very high standard and will allow first time buyers to get onto the property ladder. The development will bring prosperity and investment to the area of Moston.”

The site is at the heart of Moston, close to the Moston Lane and North City shopping and services centres, Manchester College’s Moston campus, North Manchester Sixth Form College and several schools – all of which have been the focus of considerable investment. It is also near Central Park, where a new Metrolink stop is being created. The council is currently working on a masterplan for the Moston Lane area, which will guide further improvements.

“Housing plays an important part in the regeneration of areas such as Moston and at Redrow we’re keen that in building a future for the neighbourhood that it’s proud heritage is not forgotten. With that in mind, the homes at Hanson Gardens look traditional from the outside, but inside they’re bright and modern,” Christine commented.

“They boast extra generous master bedrooms and living spaces, with special measures to make them more energy and water efficient. They are also fully accessible and easily adaptable for occupation by a disabled person.”

The two professionally decorated, fully furnished show homes are open for viewing from 10am to 5.30pm Thursday to Monday inclusive.