Helping people take the plunge into home ownership at Riverside

Plumlife, Great Places' home ownership arm, have been busy launching a brand-new development in Salford this month, with properties on offer through Shared Ownership for local people.

Riverside is a development of 25 two and three-bedroom affordable homes in Charlestown, and homes are being offered under Shared Ownership, a government-backed scheme which provides local people with an affordable way to buy a new home. The buyer purchases a share of the new home (usually between 35 and 75 per cent) and pays a small rent on the remaining part until they take further shares to own the home outright. 

Lisa Westerman, head of sales at Plumlife, said: “Shared Ownership has many benefits. The average deposit needed by a first-time buyer is now just over £32,000, making home ownership completely out of reach for some. Shared Ownership involves a much more a affordable deposit and gives a huge variety of people – from first-time buyers to retired, single people and families – a chance to get a foothold on the property ladder.

“Shared Ownership isn’t just for first-time buyers, either – the eligibility criteria covers a range of people, as long as they have a permanent job, they can’t afford to buy a home on the open market and their total household income is £80,000 a year or less.”

Riverside is located in a fantastic position for everything both Salford and Manchester have to offer. The development is close to the buzz of MediaCity, the University of Salford and Salford Quays. It's also handy for great schools, transport links and green spaces.

Homes at Riverside benefit from superb eco-features including new energy- efficient boilers and full double-glazing, making them inexpensive to heat and maintain. Prices start from £46,375 for a 35 per cent share of a two-bedroom property (rent share at £197.37), with a five per cent deposit of £2,319.

For more information on Riverside contact the Plumlife sales team on 0161 447 5050. 

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