Plumlife launches new affordable housing development in Charlestown

Plumlife is launching a brand new development in Salford, 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 pay a small rent on the remaining part until they take further shares to own the home outright.

Lisa Westerman, group 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 affordable deposit and gives a huge variety of people – from first time buyers to retired, single people to families – a chance to get a foothold on the property ladder.

“Shared Ownership isn’t just for first time buyers either – there is eligibility criteria which 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. If you think Shared Ownership might be right for you, come and talk to us at Plumlife to see how we can help.”

Riverside is located in a fantastic position for everything both Salford and Manchester have to offer. With world class concerts, restaurants, gigs and theatres on your doorstep, the scheme is close to the buzz of MediaCity, The University of Salford and Salford Quays. Commuters are one mile from Salford Crescent station, bus links and the M602, which links to the M60 and M62 is close by.

For families, Riverside is close to several schools – Lark Hill Community Primary, Willow Tree Primary and Pendleton College Du La Salle. It’s also close to Buile Hill Park and LIVIA Silverdale, a 491 acre local woodland is less than three miles away, offering plenty of green landscapes for those who want to escape from city life.

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 £2319.

For more information on Riverside or to book a viewing, contact the Plumlife sales team on 0161 447 5050 or visit www.plumlife.co.uk