Liverpool City Region is set for a boost of affordable homes as M&Y Maintenance and Construction start work on new developments.
Pavilion Point in Aigburth is being developed by Redwing Living shared ownership apartments in a desirable location of Liverpool.
Shared ownership gives first time buyers the opportunity to buy a share in the property and pay rent on the remaining share, meaning purchasers require a smaller deposit. The owner can then increase their share up to 100% during their time living in the property.
Pavilion Point has been designed by Paddock Johnson Partnership and the £1.6 million development will provide 14 two-bedroom apartments.
Each of the two bedroom apartments feature en-suite to master bedrooms, a further master bathroom and open plan kitchen/living space.
The scheme has received £518,000 funding from Homes England.
Fiona Coventry, Managing Director of Redwing Living, said: “We are really looking forward to bringing high quality, affordable homes to the Liverpool City Region, and helping first time buyers get on the property ladder.
Lister Gardens and Pavilion Point are both set to complete in Autumn 2019.
Find out which Aigburth shared ownership properties are still available.
Shared Ownership: Key Topics
- What questions should you ask when viewing a shared ownership property?
- Is shared ownership right for you?
- What is the downside to shared ownership houses?
- What does shared ownership service charge cover?
- What are solicitors fees for selling shared ownership property?
- Buying or selling shared ownership what are the costs?
- Shared ownership vs renting what will you do?
- How does shared ownership work when you sell?
- Is shared ownership only for first time buyers?
- How does shared ownership staircasing work?
- Are shared ownership houses leasehold or freehold?
