Formby apartments are ideal for first time buyer budgets

Each property has two bedrooms, so there’s ample space for guests or they are perfect for friends to share; and with only eight available they have an air of exclusivity.

Located in the sought-after coastal town, with excellent commuter connections to the wider region, The Alton apartments are now available to buy and start at only £184,995. And with Help to Buy available, a 5% deposit may be all that’s needed for someone to secure their first home.

Sian Pitt, Redrow Homes (Lancashire) sales director, says: “Formby is a desirable area to live – home to some of Merseyside’s most expensive properties and favoured by footballers – but many first-time buyers think they can’t afford to live here. Well not anymore! Our Alton apartments offer ample space, two double bedrooms and from the outside, they offer all the usual charm that Redrow’s Heritage Collection homes are renowned for; with four apartments arranged in what could easily be mistaken from the outside for a semi-detached house.”

The newly released apartments are expected to be as much in demand as Redrow’s houses, which have already been hugely popular among buyers who want to experience the Formby way of life for themselves. It’s just a few miles from the town’s famous beaches, its restaurants and shops, plus it is within easy distance of Liverpool city centre and the motorway network.

Sian adds: “The interior layouts of the apartments are cleverly designed to maximise space and flexibility and the high specification design gives them a premium lifestyle feel, perfectly reflecting what life is like in one of the North West’s most affluent communities.

“With an open-plan kitchen, dining and living area there’s plenty of space for single homeowners, couples or friends sharing and the ground floor apartments come with their own private rear garden so buyers will have their own space to relax in outside too.”

First time buyers will be able to use the Government’s Help to Buy scheme meaning the apartments can be bought with the help of a 20% equity loan that’s interest-free for five years, with purchasers needing only a 5% deposit and 75% mortgage from a lender of choice.

“They’re ideal for anyone who is currently renting or still living at home with their parents but is looking at getting their foot onto the property ladder and maybe not quite ready for a house with three-plus bedrooms,” adds Sian.

The two-bedroom Alton apartments are due to be complete in March 2021, so could even be free from stamp duty.

For those wanting something a little bigger, there will be more three and four-bedroom detached family homes coming soon too.

Pre-booking an appointment will guarantee you time with a sales consultant when you arrive. To make an appointment or find out more about the homes, visit www.redrow.co.uk/sanderlingpark or call 01704 740 627.

To find out about our social distancing measures at sales centres please visit: www.redrow.co.uk/visiting-us.