Listen up home hunters – we may have just found a way for you to live in your dream area sooner than you thought.
Getting your foot on the property ladder is often not financially viable for a lot of people these days – and this is where Shared Ownership comes in, enabling buyers to purchase shares in their homes instead.
Gecko Homes have just introduced Two Didsbury Point, a selection of stunning one and two-bedroom modern homes, in one of the most sought after suburbs of Manchester.
Didsbury is absolutely packed with charming Edwardian and Victorian architecture and plenty of green space, including but not limited to Fletcher Moss park, which is breathtaking this time of year with autumnal colours.
This area is highly desirable, and it is easy to understand why, with all of the adorable independent shops and eateries as well as Burton Road, filled with the coolest bars at the heart of it all. Not to mention the monthly Makers Market, featuring local artists and food trucks.
The cherry on the top is how well connected the area is via Metrolink, motorway and railway to Manchester city centre and beyond. Oh and the airport is only 10 minutes down the road. Could Didsbury truly have it all?
Whether you’re looking for a home to settle down in, or for your very first place where you have the advantages of having the city centre within easy reach, whilst retaining that homely community feel in the local area, this may be the one for you.
Two Didsbury Point is a £20 million scheme of 76 affordable homes, across two connected eight and five-storey blocks – 46 of those being for shared ownership – on the site of the former Withington Hospital.
The apartments themselves are an absolute dream, with sleek built-in kitchens, fully fitted bathrooms, bike storage and other enviable amenities such as the rooftop garden and communal area, perfect for entertaining guests. Oh, and they’re fitted with the latest cost effective and climate conscious features such as solar panels and air source heat pumps.
North West developer, Gecko Homes, specialises in creating Shared Ownership homes, making some fantastic properties surprisingly affordable. Through the new-look Shared Ownership lease scheme buyers are able to own a slice of their home, with terms that flex to fit their circumstances – starting with shares as low as 10%, with the option of increasing your ownership by 1% each year for the first 15 years. This allows buyers to get on the housing ladder, without the fear of a huge deposit.
Shared Ownership allows you to buy 10-75% share of the property and pay rent on the part you don’t own. Starting from £58,750 for a 25% share and 5% deposits starting from just £2,937.50, making it an actual achievable way for people to get onto the property ladder – something many of us can’t even comprehend in this climate.
Not to mention you get all the advantages of owning your home – from decorating the way you want to bringing your pet.
By reserving a home at Two Didsbury Point, buyers can also receive up to £1,000 in incentives, which can be used towards gym memberships, flooring upgrades, legal fee assistance, moving cost support and much more.
For more information on this way to buy a home click here. To read Gecko Homes’ Shared Ownership Key Information click here.
Featured image: Supplied