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Print1:00 am, March 2, 2010
Redrow plans 400 new homes in North Manchester
More than 400 new affordable family homes are planned for Harpurhey and Moston in a deal between Manchester City Council and Redrow Homes Ltd.
Contracts have been exchanged on six different sites around Cole and Albine Street; Princedom Street; Winnie Street; Bute Street; Hanson Road and Kingsley Avenue and detailed planning applications for five of the sites will be submitted to Manchester City Council shortly.
A series of open days are being held locally to promote the plans to local residents, beginning on March 6.
Sir Richard Leese, leader of Manchester City Council, said: "These plans demonstrate real investor confidence in North Manchester despite the current global economic climate. Improving housing quality and choice in the area is a central part of our strategy to ensure it is a popular place to live.
“These 400-plus new homes will provide affordable, desirable housing options both for existing residents and people who want to move into the area. They will add momentum to the regeneration of Moston and Harpurhey, complementing all the investment that's taking place there.”
The six areas to be developed by Redrow range in size from one acre to seven acres, and make up a total of 25 acres. The sites were prepared under the Housing Market Renewal Initiative.
The homes will be a mix of two, three and four-bedroom in terraced, semi and detached styles. Every buyer will be offered with the potential to defer 25 per cent of the initial purchase price for up to 10 years as an equity loan and there will be a sales period that allows Harpurhey and Moston residents the first opportunity to buy the new properties.
Steve Greenhalgh, land director for Redrow Homes (Lancashire), said: “We are committed to a high quality housing scheme that will revitalise these areas and offer local people a real opportunity to get onto or move up the property ladder.”
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