George Wimpey announces new homes in Blackley from just £335 per month

With brand new homes in Blackley now costing from just £335 per month, George Wimpey Manchester is asking, why rent when you can buy?

Thanks to the government-backed HomeBuy Direct scheme, George Wimpey Manchester is offering brand new two bedroom apartments from just £59,495 at its Northgate development on Waterloo Road. The housebuilder says that payments on a mortgage for this amount could be as little as just £335 per month*.

HomeBuy Direct is a government-backed scheme aimed at helping purchasers with a household income of less than £60,000 afford the home they want, subject to eligibility and affordability checks**.

Under the scheme, buyers are provided with an interest free equity loan for up to 30 per cent of the value of the property for the first 5 years, co-funded by the Homes and Communities Agency and George Wimpey, helping first time buyers overcome the hurdles of high mortgage costs and larger deposits.

George Wimpey Manchester sales and marketing director Anthony Mansfield said:

“HomeBuy Direct is helping some people get a foot on the property ladder who thought they might never get the chance. The scheme even allows would-be purchasers to own their own home without having raised a deposit beforehand.

“When you take that into account, it does raise the question of why rent when you can own your own home for such a low monthly outlay.”

At Northgate, the HomeBuy Direct scheme is being offered on a limited number of two bedroom apartments. As well as two bedrooms, each apartment includes a combined stylish living/dining room, separate contemporary kitchen, bathroom and allocated parking space. Usually, these apartments are available from £84,995 but, under HomeBuy Direct, the purchase price falls to just £59,495.

And the comparatively low cost of owning a new home doesn’t stop once the purchase is complete. Industry experts say that running costs are significantly lower for a new home when compared to equivalent older homes. Research by National Energy Services found that average energy bills for a new build home could be as much as £556 cheaper than older home. ***

All new homes at Northgate come complete with a 10 year warranty offered by the NHBC (National House Building Council). A two year George Wimpey warranty is also offered, covering some items not included in the NHBC Buildmark scheme.

Northgate consists of 36 properties, including two bedroom apartments, three and four bedroom townhouses and detached homes. Its close location to Manchester city centre and the local leisure facilities of Boggart Hole Clough and Heaton Park, make it the ideal place to buy a new home.

The development is perfectly located for commuters. Conveniently situated just off the A664 and near to the M60 ring road, the development offers easy access to both the city centre and the national motorway network.

See Also: Property News (5994), George Wimpey (77), Blackley (3), Manchester (28), Greater Manchester (5), George Wimpey Manchester (7), HomeBuy Direct (62), Waterloo Road (1), Northgate (1), Homes & Communities Agency (5), Anthony Mansfield (5), National Energy Services (2), NHBC (19), National House Building Council (14), NHBC Buildmark Scheme (2), Boggart Hole Clough (1), Heaton Park (1)