First time buyers offered 30% discount on new homes built in Fenton

By Kerry Ashdown - Local Democracy Reporter

3rd Jul 2023 | Local News

First time buyers are being offered a 30% discount on homes built on Jesse Austin Avenue, Fenton (Google).
First time buyers are being offered a 30% discount on homes built on Jesse Austin Avenue, Fenton (Google).

First time buyers could land a discount of at least 30% on a home at a new development in Fenton.

Four properties at the site off City Road are set to be sold as "First Homes" as part of a new Government-funded national scheme which aims to get more people on the property ladder.

Stoke-on-Trent City Council's planning committee approved the move at its meeting on Thursday (June 29). The homes on Jesse Austin Avenue are part of a new estate that also includes Rialto Court, an apartment complex for over 55s.

A report to the committee said: "The properties have been constructed by Stoke-on-Trent City Council on the former Workshop for the Blind site at City Road. The properties are located on an estate comprising older persons housing apartments, alongside 28 family homes with private gardens and parking areas.

The new homes have been built on a site off City Road in Fenton (Nub News).

"Twenty-four of these homes and the older persons apartments are rented and managed via the council's Housing Revenue Account (HRA). The remaining four are the subject of this matter.

"The properties are fully constructed and ready to be occupied. First Homes are a specific kind of discounted market sale housing and officers strongly support the delivery of First Homes on this site."

To be eligible for First Homes purchasers must be first time buyers with a combined annual household income of no more than £80,000. They must also have a mortgage to fund at least 50% of the discounted purchase price and the property must be sold for no more than £250,000 on its first sale.

Councils are also able to set local eligibility criteria for First Homes in their area. Aspiring buyers hoping to secure a First Home at Jesse Austin Avenue will have to have been a Stoke-on-Trent resident for a continuous period of at least 18 months, or have a close family association with a parent or child who is resident within the city, to be eligible for the scheme.

READ MORE: Meir community group relocates to bigger venue allowing them to offer more activities

Subscribe to our FREE weekly newsletter email HERE - just click the 'SIGN UP' button.

Free from clickbait, pop-up ads and unwanted surveys, Stoke Nub News is a quality online newspaper for our city.

Please consider following Stoke Nub News on Facebook or Twitter.

     

New stoke Jobs Section Launched!!
Vacancies updated hourly!!
Click here: stoke jobs

Share:

Related Articles

There is a real range of jobs available this week, including at Aldi (Nub News).
Local News

New jobs available in Stoke now: Buzz Bingo, Amazon Flex and Aldi

Adam Birks, 27, and Charlie Hodson, 31 have lost over 13 stone between them (SWNS).
Local News

Stoke siblings go on weight loss journey and lose more than 13 stone

Sign-Up for our FREE Newsletter

We want to provide stoke with more and more clickbait-free local news.
To do that, we need a loyal newsletter following.
Help us survive and sign up to our FREE weekly newsletter.

Already subscribed? Thank you. Just press X or click here.
We won't pass your details on to anyone else.
By clicking the Subscribe button you agree to our Privacy Policy.