A new waterside apartment development in Stretford is approaching completion and more than 1,000 potential buyers have already registered their interest in just 40 homes, which will be sold on a shared ownership basis, ahead of the show apartment launching this weekend.
The development, known as Edgewater, is being developed by Gecko Homes, which is part of Southway Housing Trust, and offers a range of one and two bedroom apartments located at the heart of the Stretford masterplan on the banks of the Bridgewater Canal.
Through the shared ownership scheme, buyers can buy as little as 10% of the property, which would cost just £17,300 for a one-bedroom apartment and £23,400 for a two-bedroom apartment. Buyers can also choose to buy up to 75% of the homes and there is also the option to buy more shares in the future, often leading to outright ownership.
The development’s show apartment is due to open on Saturday 14th September and the homes will be ready to move into early next year.
Christina Tattersall, Head of Sales from Gecko Homes said: “We pride ourselves on creating homes where people can afford to live without compromising on quality and the level of demand we’ve experienced at Edgewater has been phenomenal.
“From more than 1,000 potential buyers that have enquired about the homes, well over 300 have already passed the initial assessment, which demonstrates how many people want to live in quality homes in well-connected and popular locations such as Stretford, with great amenities and regular transport links into Manchester city centre.
“This is enhanced further by the amount of interest and excitement surrounding the area right now. The Stretford masterplan is already proving to be transformational and attracting investment into other nearby areas, which is making it a highly sought after address.
“It came as little surprise to anyone who knows the area when The Sunday Times ranked Stretford among the coolest neighbourhoods of 2021 highlighting the area as the sixth hottest place to invest in the UK, which has brought even more positive attention to the area.
“Edgewater complements all this perfectly. The development will be finished to a very high specification with contemporary kitchens and bathrooms, as well as luxury floorings and quality fixtures and fittings throughout.”
Christina added: “Despite the huge amount of interest we’ve already had in Edgewater, we still hope to see as many people as possible at the launch of the show apartment, which will be an opportunity to experience the space and quality that flows through the whole development.
“Plus, there is the chance that not everyone who has expressed an interest will go on to buy and it’s also worth remembering that anyone who currently serves, or previously served in the armed forces, will receive preference over other potential buyers, so nobody has missed their chance yet.”
Gecko’s Shared Ownership scheme means residents can own between 10% and 75% of their home with a mortgage and pay rent on the part they don’t own. Residents also have the option to buy more shares in the future if they wish.
The show apartment at Edgewater will open on Saturday 14th September between 11am and 3pm. For more information about Edgewater, visit www.geckohomes.co.uk/
