The latest House Price Index figures from the Office for National Statistics show that the North West has surpassed its 2008 peak for the first time in terms of house price growth.
Graham Davidson, managing director of specialists Sequre Property Investment, remarks: “The market appears to be in good health overall and it is encouraging to see good growth in areas outside of London and the South East.
“It is particularly positive news for the North West where prices have surpassed their 2008 peak for the first time, rising a sustainable 3.7% over the past 12 months, which can be attributed to burgeoning local economies, infrastructure improvements and increased exposure for the heavily touted ‘Northern Powerhouse’ cluster of cities.
“This is great news for investors who are already collecting around 7-8% gross rental return and are now also benefiting from around 4% capital increases in their property values.”
Here is a small selection of brand new homes in the North West that are either available now or coming soon:
Otter’s Holt in Culgaith, Cumbria (Cumbrian Homes)
Otter's Holt is situated on the western edge of the village of Culgaith, some six miles east of Penrith and the M6 and just one mile north of Temple Sowerby and the A66.
This new collection of detached and semi-detached family homes is expanding an established community of around 400 people who enjoy the tranquil location between Cross Fell and the rugged Pennines to the east and the River Eden which it overlooks to the west. Some of the most beautiful countryside in the northwest of England is within easy reach, such as the Lake District and Yorkshire Dales
With good access to the important local amenities such as schools, shops and doctors either within the village or very close by, this rural living style does not mean you are isolated in any way from the everyday conveniences you associate with larger towns and cities.
In addition to its historic church, the village boasts a primary school, praised in a 2005 Ofsted inspection, a recreation ground and the famous Black Swan Inn.
Prices: From £369,000
Find out more at www.cumbrian-homes.co.uk ; 01768 88388
Stephenson Grove in Rainhill, Merseyside (Countryside)
This flagship development will provide a wide range of house styles and suitable for young families, professional couples and perhaps those wishing to downsize, and a sought-after combination of a thoroughly modern specification in a well-established and popular village location,
Shops can be found locally and at the nearby Cables Retail Park in Prescot, complete with Tesco Extra, just over a mile away. Good quality primary and secondary schools are close at hand too, including the Rainhill High School Media Arts College and the prestigious independent school Tower College.
In terms of transport links, it is perfectly positioned near the M62 and M57 for easy commuting to Liverpool, Warrington or Manchester – and with its own mainline station nearby, Rainhill is very well connected.
Prices: From £194,950
Find out more at www.stephensongrove.co.uk ; 0151 909 4017
Brindley Lodge is a development of one- and two-bedroom apartments situated just over five miles southwest of the City of Manchester. Aimed at buyers of 55 and over, these properties are specially designed to suit older buyers, and there are landscaped gardens and a communal lounge to enjoy with friends and neighbours.
Sale has something for everyone, including a good selection of shops and facilities and a range of food and drink outlets to choose from, all with convenient access.
Sale also offers a wealth of sporting and cultural experiences for those living in the area. The Waterside Art Centre is a vibrant venue in a stunning waterside location providing an excellent programme of entertainment including exhibitions, film screenings, workshops, plays and performances throughout the seasons.
Prices: From £184,950
Find out more at www.churchillretirement.co.uk ; 01616 383 478
Ploughman’s Close in Southport, Merseyside (Kingswood Homes)
Ploughman's Close is a development of 14 two-, three- and four-bedroom properties in the suburban setting of Crossens. These 14 properties are offered with a high level of specification and high-quality finish included as standard within the asking price. This exclusive development is excellently positioned with a selection of local shops, services and a primary school within walking distance.
Crossens is located on the primary route between Southport and Preston (A565) with easy access to the North West and beyond and regular bus services between Southport and Preston directly pass the site.
Those wishing to explore the local area can enjoy the countryside on their doorstep, with numerous walks and access to a national, cycle network. The development also benefits from being close to the Victorian Botanic Gardens and the historic manor house Meols Hall, nestled within the historic village of Churchtown, and the Sefton Coast with its golden sandy beaches and nature reserves is moments away.
Prices: From £174,950
Find out more at kingswoodhomes.uk.com ; 01772 281138
Vicarage Fields in Haslington, Cheshire (Elan Homes)
Help to Buy is available on all new homes at this development bear Crewe, meaning a three-bedroom detached ‘Highgate’ home type, for example, could be secured with savings of around £10,000.
Marie Morris, sales director for Elan Homes in the north, says: “It can take several years to raise enough money to be able to buy your first home. What people may not appreciate is that Help to Buy could stretch their budget rather than break the bank as typically someone buying in this way should only need a 5% deposit. Plus while older properties typically need around £4,000 worth of DIY, that won’t be necessary with a brand new home.”
The high specification offered by Elan includes integrated kitchen appliances as standard; while bathrooms and en-suites feature quality fixtures and fittings. The properties at Vicarage Fields enjoy a rural outlook, but with strong commuter links. Crewe railway station is less than 10 minutes’ drive away, putting Chester, Stoke, Manchester, Liverpool and Birmingham within easy reach.
Prices: From £204,995
Find out more at www.elan-homes.co.uk ; 0845 250 8680
Abode Lancaster in Lancaster, Lancashire (Redrow Homes)
Abode enjoys a delightful quayside location on the banks of the River Lune, close to the heart of historic Lancaster, providing a choice of three-bedroom family homes, with a mix of two- and three-storey designs.
The development is just a mile from Lancaster station, on the West Coast Main Line, and just three miles from the M6, making excellent commuter links.
It’s a particularly good location for family buyers to consider. Dallas Road Community Primary School and the Willow Lane Community Primary School are both just a few minutes away and Our Lady's Catholic College Secondary School and the Lancaster Girls' Grammar School are both senior schools less than 10 minutes from home. For further education, there is Lancaster & Morecambe College, and those looking for higher education have the University of Cumbria.
Find out more at http://whathou.se/zsfS46 ; 01524 566065