Member Article

Shared Ownership Comes To Salford Quays

Latimer, the development arm of Clarion Housing Group, has reached a major milestone at its Amplify Apartments development at Salford Quays, with the launch of two newly curated showhomes.

The one- and two-bedroom showhomes have been launched to give prospective buyers a first look at the layout and design options at Amplify Apartments, the latest residential development to be launched in the popular Quays district.

The development consists of 272 one-, two-, and three-bedroom homes available via private sale, the Government’s Help to Buy scheme and Shared Ownership. Prices start from £80,500 based on a 35 per cent share of £230,000 full purchase price and homes will be ready to move into from Autumn 2021. 40 per cent of private sale homes available have already been sold off plan.

All feature light and contemporary living spaces and the development has been designed to offer as much outdoor space as possible, with a private rooftop garden available to all residents.

Amplify Apartments sits just next to MediaCityUK, currently home to more than 300 businesses and 8,000 workers, which has grown to become a vibrant neighbourhood complete with exciting culture, entertainment, leisure and retail destinations. Located next to the Salford Quays Metrolink stop, it takes just 15 minutes to reach central Manchester.

Jen Brown, regional sales director at Latimer, said: “Amplify is ideal for commuters into Manchester, Trafford or MediaCityUK, or those who want to enjoy a waterside home on The Quays with theatres, shops, restaurants, artisan markets and even water sports on their doorstep.

“Earlier this year Halifax reported the average amount put down by a first-time buyer in 2020 increased by 10% to £57,278[1] – almost twice the average UK salary. Shared Ownership provides another way to get on the property ladder without waiting to save up thousands.

“It’s possible to buy a share of your Amplify home from as little as 35% of the property’s value, with deposits available for just 5% of the share value.

“Awareness of Shared Ownership is still lagging in the north, compared to London, where it is a popular route to home ownership, offering more long-term financial security than renting.”

Amplify is the latest development Latimer is currently delivering in the North West, with previous sites including Lingley Fields in Warrington, Hartford Grange in Northwich, and Broadmeadow Park, the 165-home scheme currently being built in Sandbach, Cheshire.

Latimer, part of the UK’s largest provider of affordable housing, Clarion Housing Group, aims to help tackle the housing crisis by increasing its pipeline of new build developments, with profits reinvested into building more affordable homes and supporting communities.

This was posted in Bdaily's Members' News section by Latimer .