Brand New Homes In Salford Right Now

Posted 26 October 2020 by Keith Osborne

Salford has become a go-to destination for house-hunters with its impressive range of available brand new homes...

The last 15 years or so have seen Salford Quays undergo major regeneration to become one of the North West’s trendiest addresses, and together with the rest of the City of Salford district of Greater Manchester there’s an excellent range of brand new homes for sale now.

In addition to those selling on the open market, for those taking a first step on the property ladder there are some apartments and houses available via Shared Ownership, a part buy-part rent scheme that requires a much smaller deposit than purchasing outright. Buyers with a larger budget and needing a larger home can find a host of houses with private gardens, which have become a priority for many people during coronavirus lockdown.

For units completed by the end of December this year, the current Help to Buy scheme will be available on selected private sale home to both first-time buyers and those selling a current property, but from April next year the government-backed initiative with only be open to first-timers and the upper price limited reduced from £600,00 to a regional £224,400. There’s a Stamp Duty holiday in place until the end of March 2021 that means none needs paying on properties up to £500,000.

Investors will also be attracted to Salford as recent research by CIA Landlord has placed it at the top of the table nationally for the ratio of house price to rental return while Stamp Duty isn’t payable.

Castle IrwellCastle Irwell

Castle Irwell is a development from Salboy on a former racecourse site which is about a 15-minute cycle or 20-minute drive from the city centre and is currently offering a selection of two-bedroom homes from £199,950, three-bedroom homes from £249,950 and four-bedroom homes from £324,950. The first residents are expected to move in in March 2021. Find out more about Castle Irwell from Salboy.

Salboy is also offering homes at Local Crescent, which has seven townhouses to complement 399 apartments spread over three towers. Right now, availability covers everything from a one-bedroom apartment at £270,000 to a three-bedroom townhouse at £470,000. Buyers can ask about using the Help to Buy scheme. Residents benefit from a heated swimming pool, cinema room, yoga studio, gym, laundrette, courtyard gardens, coffee shop, solarium, sauna and spa. Find out more about Local Crescent from Salboy.

Valette SquareValette Square

Valette Square, located off Chapel Street, is a project from Muse Developments in partnership with The English Cities Fund that has been delivering a range of townhouses in a contemporary architectural style with a high-end specification, spacious internal design and built with sustainability in mind. It also benefits from proximity to both Manchester city centre and urban green spaces such as Peel Park and the River Irwell.

These three-storey homes are currently available in a number of house types, each offering some very good features and super-fast broadband connectivity as standard, as well as garden and a roof terrace. Master bedrooms come with their own en suite.

Prices current start at £385,000 and £480,000 respectively for three- and four-bedroom homes. Find out more at www.valettesquare.co.uk.

The BrackensThe Brackens

In Swinton, around 20 minutes by car from the heart of Manchester and 20-minute walk fro the village of Monton, The Brackens from Bellway offers three- and four-bedroom houses, each with a garage or allocated parking, currently priced from £269,995 to £334,995. There are some well-respected schools in the area, as well as a comprehensive range of shops, amenities and leisure facilities, and the M60 and M61 are both a few minutes away. Find out more about some of Bellway’s current developments.

Amplify ApartmentsAmplify Apartments

Right by Surrey Quays is Amplify Apartments, a scheme from Latimer. Here, the choice of available homes includes one bedroom apartments from £169,000, ground floor duplexes with two or three bedrooms from £245,000 to £350,000, to the luxury of a three-bedroom, three-bathroom apartment with open plan kitchen/diner/lounge on the 12th floor for £417,000. Find out more at amplifyapartments.co.uk.

Reynolds PlaceReynolds Place

There’s just one home remaining for sale at Reynolds Place in Walkden, a Countryside development around six miles from the city centre. It’s a two-bedroom semi-detached house with kitchen, open-plan dining/living room with access to the garden, downstairs WC, family bathroom and two double bedrooms. Priced at £172,000, under Shared Ownership buyers can purchase between 35% and 75% initially (£60,200 to £129,000) and pay a subsidised rent on the remainder. Find out more at www.plumlife.co.uk.

Riverbank ViewRiverbank View

Two-and-a-half miles from Salford Quays and three miles from the centre of Manchester in Charlestown, alongside the River Irwell, is Riverbank View, where Keepmoat Homes is selling three- and fur-bedroom houses on the open market from £219,995. ‘The Rothway’ is the current Home of the Week there, a four-bedroom semi-detached house priced at £269,995, available through Help to Buy. Off the hallway is a WC and storage, there’s a separate lounge and the kitchen/dining room is at the rear. Upstairs there are two double bedrooms (one with en suite), two single rooms (one would make an excellent home office) and the family bathroom. Find out about a number of current Keepmoat Homes developments.

 

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A Guide To Part Buy Part Rent
Part Rent Part Buy is a scheme you can use with Home Reach where you buy a share of your chosen newly built home and pay a monthly rent on the part you don’t buy. Your budget will decide the size of the share you buy, rather than the size of your home. So, you might decide to buy a bigger share of a lower priced home or a smaller share of a more expensive home.

You are able to purchase your share in either cash savings or by taking out a mortgage. If you are taking out a mortgage to finance your share, you will need to allow for a minimum of 5% deposit. The larger your deposit (typically 10%) the lower your mortgage repayments are likely to be.

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