Bridgewalk Apartments show the way for booming Burnley’s housing market
A new development in the heart of Burnley’s Victorian Industrial Quarter, Bridgewalk Apartments, is helping lead the way in the town’s regeneration and housing boom.
Part of the On The Banks Development, the majority of the high spec, modern and stylish apartments have been snapped up in almost record time, demonstrating the desire and need for accommodation like this in the area.
Simon Morgan from Petty’s, acting agents for the Barnfield Homes development, said: “So far we’ve sold 10 of the 16 properties.
“Eight have gone to first-time buyers using the Help to Buy scheme, with four being sold off-plan.
“We’ve also had feedback from the purchasers that they like the fact that the apartments are only able to be sold to owner occupiers, with no investors being able to buy and rent out.
“We feel this demonstrates a real upturn in the local housing market and a real desire to live in top quality, town centre homes such as these.”
Burnley was recently listed as one of the ‘top five to thrive’ towns in the North West by Estates Gazette, stating it had what it takes to have ‘boom town’ status, and was recently ranked in the UK’s top 10 for growth in private-sector jobs, with Experian stating it has the best growth prospects in Lancashire
With developments such as The Vision Park, The Technology Park, UCLan looking to further increase its campus and town centre improvements, including the opening of a new Primark, as well as Burnley’s connectivity to the major North West cities, the need for good quality housing that appeals to the young upwardly mobile is becoming ever greater, said Mr Morgan.
He added: “The value for money offered by developments like Bridgewalk Apartments, the amenities that are close by and the easy commute either by rail or road to the rest of the North West, means Burnley is an extremely attractive proposition to many, especially first time buyers.”
