Would-be homeowners are snapping up the properties at a luxury Salford townhouse development just a stone’s throw from the hustle and bustle of Spinningfields in Manchester city centre.
Over half of the 22 homes at Carpino Place on Oldfield Road have now been sold, with one four bedroom and a number of three bedroom townhouses still available.
An internal courtyard at the development will house parking spaces for each of the 22 homes, with other notable features including private rear gardens, spacious rooftop terraces and patio areas. Internally, the homes benefit from high quality, modern fixtures and fittings throughout.
Carpino Place, which is being delivered by English Cities Fund with Salford City Council, has been designed to complement the surrounding area, enhancing the existing streetscape and strengthening the urban setting of Oldfield Road. The project will also incorporate the restoration of the historic cobbled Wroe Street and South William Street.
The development is named after Archbishop Francesco Carpino who, in 1966, laid the foundation stone of The Stella Maris Seaman’s Mission, which previously occupied the site.
The multi-million pound scheme follows on from ECf’s success with Timekeepers Square – a Georgian-style development behind Chapel Street, which sold out in just seven months – and the Vimto Gardens project.
First time buyers have been given a helping hand to get on the property ladder at Carpino Place, as Help to Buy is now available at the scheme.
Help to Buy allows first time buyers to purchase a new build home with a five per cent deposit, with the government lending up to 20 per cent of the value of properties worth up to £600,000.
More than 90,000 first time buyers have benefited from the Help to Buy loan scheme since it was introduced in 2013.
“While the north west property market continues to soar, there are many people struggling to take that first step on the property ladder,” said Hollie Reynolds of ECf.
“We’re passionate about helping such people and know that buying a house can be a huge undertaking, so we’re pleased to be able to make the process less daunting for first time buyers thanks to the Help to Buy scheme.
“We’ve been transforming the Chapel Street area of Salford for a number of years now and Carpino Place represents the next piece of the puzzle. We’re committed to creating a strong community and are sure that, with the Help to Buy scheme in place, a wider range of people can become part of it and enjoy access to quality housing in a brilliant location.”
Construction of the homes at Carpino Place, which were designed by Buttress Architects, is expected to complete in early 2018. Prices start from £289,960.
ECf is a joint venture between Muse Developments, Legal & General and the Homes & Communities Agency.