Boost for first-time buyers in South Ribble
First- time buyers in Lancashire’s South Ribble area are set to benefit from the borough’s first ‘Starter Homes Initiative’ residential development.
Housing and regeneration specialist Galliford Try Partnerships, which markets its homes under the Linden Homes banner, has submitted a detailed planning application to South Ribble Council to reDevelop a site off Hill Road South, Penwortham, into a new residential development.
The proposal, which is aimed at providing new and affordable homes for those stepping onto the property ladder for the first time, will see Galliford Try Partnerships build a total of 61 homes on the currently derelict site.
Some 50% of the new homes built will be available for open market sale under the award-winning Linden Homes brand and will include a mix of three and four bedroom semi and detached family homes.
The remainder of the homes will be sold through the ‘Starter Homes Initiative’, and will include a combination of two bedroom apartments and two-bedroom houses.
The Government-backed initiative offers first time buyers aged between 23 and 40, a minimum discount of 20% on the market value of the new home.
The 4.2-acre site was previously owned by The Homes and Communities Agency (HCA) and the application follows Galliford Try’s acquisition of the site last month.
If planning is approved, Galliford Try will aim to start on the site to be known as The Maltings later this year. First completions are expected in Summer 2018.
Darren Leary, development director at Galliford Try, said: “We’re delighted to have been selected as the development partner for The Maltings and we look forward working with South Ribble Council to bring the towns first starter home development to life.
“The excellent transport links and proximity to Preston town centre, coupled with the high-quality design will make these new homes an attractive offering for both families and young professionals, as well as first time buyers take their initial step on to the property ladder.”