Affordable housing is good news for Bury residents

Date published: 13 June 2008

Thanks to Bury Council's Affordable Housing Scheme many Bury residents and first time buyers have been able to afford to get their foot on the property ladder. Since January 2004, 249 new properties have been identified for affordable housing to help meet housing need in the Borough.

These properties are being built on nine different development sites across the borough where reservations can now be made. Prices start from as little as £52,000 for a 50 per cent share of a two bedroom apartment at Canalside in Radcliffe. (100% mortgages are available subject to status)..

Other locations include, Chapelfield Park off Stand Lane, Woburn Park off Bury Road, Shorecliffe Rise off Radcliffe New Road, Valley Mill Lane off Alfred Street, Oakwood Park off Bury Road, Elton Cop off Walshaw Road, Bury Boot & Shoe Co off Brandlesholme Road and Olive Valley off Tottington Road.

There are four ways of obtaining a property within the scheme:.

1 Properties are offered for sale with at least 25 per cent discount off the current market value.
2 Shared Equity allows individuals to buy a share of the property and no rent is paid on the property.
3 Shared Ownership allows individuals to buy a share of a property and rent is payable on the unsold share. Further shares can be bought which means you may eventually own the property outright.
4 Properties may be developed for rent and applicants with the most need will be selected from the council's housing register

Full details of the Affordable Housing Scheme and the properties currently available can be viewed at www.bury.gov.uk/housing/privatehousing/affordablehousing. If you wish to be considered for one of these properties, please contact Jackie Summerscales, Affordable Housing Officer for an application form on 0161 253 7652 or e-mail affordablehousing@bury.gov.uk

Further Information: Jackie Summerscales, Affordable Housing Officer
Tel: 0161 253 7652
E-mail affordablehousing@bury.gov.uk.