7Dec
  • 7th December 2017

New discounted homes launched for sale in Tyne Valley

New discounted homes launched for sale in Tyne Valley

We’ve released a selection of high quality new homes available for people to purchase at a discount as part of its commitment to providing housing for local people at our Cottier Grange development in the Tyne Valley.

We’re initially offering local people in Prudhoe and Northumberland the chance to buy a new home at a significant discount, with a range of three bedroomed properties released on the first phase of the development.

To be eligible for the discounted properties buyers are required to meet assessment criteria set out by Northumberland County Council. The criteria is based on income and current place of residence, with a priority made to people who live locally or have a strong local connection.

The scheme also ensures the discount is attached to the properties in perpetuity, meaning the homes will be re-sold at 80% of their market value for their lifetime.

Discount market value homes were introduced by the Government as part of its commitment to delivering affordable housing for sale in 2015.

Anthony Lowther, Assistant Director at Gentoo Homes, said:

“The concept of discounted market value homes is relatively new and unheard of, but it has been hugely popular when we have trialled it on other developments, for example, at our Hedley Meadows development in Wylam. It’s a great way for local residents who may have not otherwise been able to afford to purchase a home at its full value, to get their foot on the housing ladder. We’re delighted to make such a commitment and hope that local people seize this rare opportunity to live in such a beautiful setting.”

Cottier Grange is a unique and sought after development set within established woodlands, which benefits from a wide range of amenities located within Prudhoe and easy access to Newcastle city centre, the Metro Centre and the A1.

Anyone wishing to check their eligibility for the discount homes can do so here.

Anyone wishing to enquire about purchasing one of the discount properties can visit Cottier Grange marketing suite, which is open 7 days a week, or they can register their interest via the Gentoo Homes website by clicking here.