Redrow’s Ricksby Grange development is located in Wrea Green, which has many times held the title of Lancashire’s Best Kept Village, while nearby Lytham has been awarded a place on The Sunday Times’ ‘Best Place to Live’ list.
And now Redrow’s Advantage incentive means qualifying buyers can move into a beautiful brand new home there for only 75% of the market value.
“It means living in such a fabulous location is now available to people on more modest incomes who might not otherwise be able to afford it,” says Redrow Homes (Lancashire) sales director Claire Jarvis.
“And, in particular, some first time buyers who might be forced out of the area by rising prices may now be able to buy a home in the place where they have grown up.”
Steeped in history and tradition, Wrea Green is an idyllic place, with its charming village green and duckpond, a 100-year-old cricket club and many other marvellous green spaces. As a result its house prices may be out of reach to many.
Now, however, Ricksby Grange has a limited number of two-bedroom apartments and houses being sold under the Advantage umbrella.
It means a ground floor Alton apartment with a market value of £120,000 can be bought for just £90,000 using the 25% Advantage discount. And a two-bedroom Tavy house is available for £129,750 instead of £173,000.
And unlike incentives such as the Government backed Help to Buy, the 25% discount does not have to paid back at a later date – it must simply be passed on to a future purchaser.
Those able to take up the offer must fulfil a specific criteria, including that they must live, work or have been offered work in the parish of Ribby with Wrea, or have some other long standing connection with the parish.
They must also show that they are first-time buyers or do not currently own their own home and be able to demonstrate a need for the type of home they wish to purchase.
“The idea is to ensure that these homes remain affordable, so the Advantage discount is attached to each property ‘in perpetuity’,” Claire explained. “If and when the owner sells up and moves on they must pass on the same discount to a new buyer who similarly qualifies.”
If the homes remain unsold after three months to someone from Ribby with Wrea, then eligibility will be opened up to people who live or work in the wider Fylde borough.
The Advantage properties will be built to the same high quality standards as the open market houses at Ricksby Grange, where Redrow’s trademark Heritage Collection homes combine Arts & Crafts inspired exteriors with spacious and light, modern interiors.
The Alton apartment boasts a lovely kitchen and dining area, with a separate lounge, two good sized bedrooms and a bathroom; while the Tavy house has a spacious lounge and dining area, separate kitchen and cloakroom on the ground floor, while upstairs there are two bedrooms and a family bathroom.
For more information about the Advantage properties and other homes at Ricksby Grange, go to www.redrow.co.uk/ricksby, call 01772 307810 or visit the sales centre, usually open Thursday to Monday inclusive, between 11am and 5pm.
Redrow was established in 1974. Today, it is one of the most successful and acclaimed property developers in the UK, building around 5,000 premium quality family homes a year in prime locations across England and Wales. Over Redrow’s history spanning more than 40 years, it has earned a unique reputation for quality and building beautiful homes, which people love to live in. To help achieve this it also focusses on two other key areas: valuing people and creating outstanding locations. Implementing its strategy whilst engaging with colleagues and stakeholders helps Redrow deliver significant value to investors and the wider community. Redrow is listed on the London Stock Exchange and is a constituent of the FTSE 250 index. For the year ended 30th June 2016, the Group reported record revenues of £1.38 billion. Redrow has been awarded the ‘Best Large Housebuilder’ title twice in the last three years at the What House? Awards. This year, Redrow was named as a UK Top 100 Apprenticeship Employer for the fourth consecutive year. Visit redrow.co.uk for more details.