High praise for North Manchester regeneration project
Competition judges have described a Redrow regeneration project in North Manchester as “having achieved something really positive in the community”.
The provision of up to 400 new homes in Moston and Harpurhey, on sites previously cleared of poor quality housing, was named ‘Residential Scheme of the Year’ at the Insider North West Property Awards.
A second Redrow venture, luxury country manor style homes at Stretton Green near Chester, also made the shortlist.
Redrow’s winning scheme in North Manchester has been undertaken in association with Manchester City Council and has so far seen three parcels of land developed and more than 150 homes built at Hanson, Woodville and Kenyon Gardens. The major regeneration project has helped to change the face of the neighbourhood, while providing new homes and jobs for local people.
Incentives including Help to Buy equity loans and a 75/25% shared equity scheme administered through Manchester City Council have made Redrow’s homes easier to afford and existing local residents were given priority to purchase at the start of the project.
Redrow’s provision of new homes for sale and investment in the surrounding infrastructure has complemented the City Council’s own multi-million pound improvements in Moston and Harpurhey.
Claire Jarvis, sales director for Redrow Homes (Lancashire), said: “We’re delighted that the work we’ve done in North Manchester has been independently recognised.
“We’re very proud of the fact that we’ve created a range of homes for local people who have been able to purchase their first home or move up the housing ladder. Incentives like Help to Buy have helped young people, couples and families to purchase a quality new home at an affordable price.”
Insider judges also recognised the efforts Redrow has made in investing almost £400,000 in highway improvements in the neighbourhood; resurfacing roads, replacing footpaths and installing traffic calming measures at key junctions.
This work and the construction of the new homes has been carried out with the help of local labour. Redrow signed up to the ‘Manchester Employment in Construction Charter’ and has consistently exceeded its commitment to employing a minimum of 10 per cent of local people to help construct the homes.
Via its national charity, the Redrow Foundation, the housebuilder has also donated £50,000 to the Factory Youth Zone to provide services and facilities for young people, with a further £25,000 due to be handed over.
Redrow’s award winning project continues apace with a range of two, three and four-bedroom homes currently available at Hanson Gardens and Woodville Gardens. Government-backed Help to Buy equity loans mean purchasers should only need a 5% deposit and can look forward to lower than expected monthly mortgage payments.
A two-bedroom ‘Rydal’ style home at £106,995 can be bought for an initial outlay of only £85,596 using Help to Buy. The balance is covered by a 20% equity loan which is interest free for five years.
For details see www.redrow.co.uk/woodville.