Affordable homes for shared ownership at former courts site go on sale
Family homes under construction in Sale are now on the market for affordable shared ownership.
Family homes under construction in Sale are now on the market for affordable shared ownership.
The eight three-bedroom townhouses form part of a much larger development, The Courts, delivered by Trafford Developments and PIC Homes on the site the former Sale Magistrates Court.
They will be offered for sale by not-for-profit housing association Irwell Valley Homes, who will take possession of the homes when construction is complete in July. The homes are now being advertised by estate agent Ashworth Holme with full details online.
Each energy-efficient home at Brighton Grove will offer around 1,367 square feet of living space, making them a sizeable option for first-time buyers and young families.
The homes have a full market value of £550,000 but buyers will be able to purchase an initial share from as little as 10%, starting at £55,000 and pay rent on the remaining share. This means buyers would require a smaller deposit than if buying a house outright, and their combined monthly payments should be lower.
Owners will also have the option to increase their share over time, with the potential to eventually own 100% of the property.
Trafford Developments, part of Trafford Council, is delivering a total of 84 new homes on the site alongside the Bridgewater canal. They will include 38 apartments in two blocks, 40 townhouses and six semi-detached houses.
A total of 21 will be designated as affordable, with 13 apartments for social rent – also available through Irwell Valley Homes - as well as the eight homes for shared ownership.
The affordable houses will be delivered in the first phase of the scheme while the affordable apartments will follow in the second phase. All available private units within phase one are now live on Rightmove and Ashworth Holmes Website.
Cllr George Devlin, Trafford Council’s Executive Member for Housing and Advice said:
“The Council is delighted to be working in partnership with Irwell Valley Homes to make affordable housing available in Sale. This ties in with our priority to facilitate a thriving economy and homes for all.
“Shared ownership can be a way for people to get a foot on the housing ladder, particularly in popular places to live such as Sale, where prices are high."
Cllr Liz Patel, Trafford Council’s Executive Member for Economy and Regeneration said:
“The development as a whole will offer existing and incoming residents the opportunity to join a new and vibrant community in this thriving town.
“Sale has so much to offer including great shopping and businesses, convenient public transport and excellent schools.”
Sasha Deepwell, Chief Executive of Irwell Valley Homes, said:
“These new shared ownership homes at The Courts will help people get a foothold on the housing ladder in high demand areas like Sale.
“We hugely value our long standing partnership with Trafford Council, which has already delivered real benefits for residents through our work on the regeneration of Sale West, and this latest scheme builds on that success.
“Importantly, the development will also deliver homes for social rent, helping to meet a wider range of local housing needs and supporting a sustainable and inclusive community. Our recent move to Oaklands House, just next door to The Courts, underlines our long term commitment to Sale and to working closely with partners to invest in the area and its future.”