£10.5m boost for Warrington’s first time buyers
Published by Mulbury Homes for Mulbury Homes in Housing
A £10.5million development of 92 homes for first time buyers in Warrington has been officially opened.
Delivered by specialist affordable homes developer Mulbury Homes and built by Harbur Construction for Helena Partnerships, the homes are a mix of two, three, and four bedroom detached and semi-detached properties.
The houses on the Waterway Park development on Thelwall Lane in Latchford are available as shared equity and shared ownership, allowing buyers to purchase with deposits from as little as five per cent.
Greg Mulligan, a director of Mulbury Homes, said: “This four-acre former industrial site has been completely transformed into an area local families can be proud to live in, with homes that meet their current and future needs.
"Demand is high in Warrington for affordable homes, and these high quality, energy efficient properties will go someway towards filling that gap.”
Helena Partnerships is one of the biggest developers of affordable homes in the North West, building more than 300 over the last five years and with a further 1,300 to come by the end of 2018. Waterway Park has received a £700,000 grant from the Homes & Communities Agency.
Helen Reddington, New Initiatives Manager at Helena, said: “With the average age of first-time buyers now somewhere between 30 and 35, we know it’s tougher than ever for young or single people to get their first foot on the property ladder.
“Our affordable options offer people all the stability and security of owning their own home without the obstacle of raising funds for a large deposit.”