Homes under £55,000 get the go ahead

Mon, Mar 6th 2006, 11:00

Plans for 137 new homes from Redrow’s stylish low-cost Debut range have been given the go-ahead by Stoke-on-Trent City Council.

This is a massive boost for cash-strapped first time buyers in Stoke who will be able to step onto the property ladder with a new home from Redrow’s award winning Debut range – which includes properties from under £55,000 - at Pavilion Lock in Hanley.

The innovative new homes will be launched at Stoke City Football Club on March 19 and will also kick-start a multi-million pound regeneration scheme along the Caldon Canal as part of a major Pathfinder housing project, which is backed by the government through English Partnerships.

Adrian Farr, managing director for Redrow Homes (West Midlands), says: “We’re absolutely delighted that the council has given the green light to the Debut range at Pavilion Lock. We’ve already had hundreds of enquiries from people desperate to step onto the property ladder with Debut and the list is getting bigger every day. Now that we’ve got detailed planning we can start pre-qualifying home hunters in time for the launch on March 19.

“Redrow is a familiar name in Stoke and the surrounding area where we have made massive investments and built up a reputation for regenerating redundant industrial sites to provide quality new homes.

“Indeed, the Debut homes are just part of our plans for Wedgwood’s former Eagle Pottery site, off Ivy House Road, which will eventually including a mix of canalside apartments, town houses and three and four-bedroom homes with a finished value of circa £27.5 million.”

Debut is Redrow’s solution to making home ownership accessible, affordable and easy to manage for first time buyers, with special measures in place to prevent buy-to-let investors snapping up the homes.

Much of the cost-saving in Redrow’s Debut homes comes from the way in which they are constructed, using a lightweight steel frame and other modern methods of construction, which speeds up the build programme without compromising on quality. Communal heating and hot water systems also provide cost efficiencies, as does replacing private gardens with shared high quality, landscaped outdoor space, maintained by Redrow’s own management company.

When buying a Debut home customers can use Redrow’s easy buy, interest free, payment scheme. This means home owners have the option of deferring a proportion (usually 10%) of the price of their new Debut home for up to 10 years, on a fixed sum basis, which can be paid back via occasional lump sums, monthly repayments or in whole at any time.

The award winning home builder has invested over £50 million in Stoke, with further developments at Doulton Grange in Baddeley Green and Lakeside in Etruria and has just completed its 500th sale within the city.

To register interest for the exciting Debut range at Pavilion Lock and to receive an invitation to the launch on March 19 please call 0845 676 0280.