A new development of 21 shared ownership homes in Westhoughton has begun welcoming its first residents.
The two and three-bedroom homes, located off Cricketers Way, have been developed by Bolton at Home and are being marketed through its shared ownership brand Stonecross Homes.
Lisa Udale gave the development, named Park Grove, her approval when she became the first person to move in this week.
The homes will go towards Bolton at Home’s target of introducing 1,400 new properties to the local affordable housing market over the next five years.
Lisa was handed the keys by Bolton at Home’s group chief executive Jon Lord and more new residents will be moving in over the coming weeks.
Lisa said: “I was looking for a shared ownership home as a I wanted a place that would offer me stability and that could also be an investment for me and my sons.
“When I came to view the property, it was love at first sight. The open plan nature of it is perfect for me as I like to cook and entertain, and I have my own garden shed too.”
Lisa, who already lived in Westhoughton, added: “I thought I might have to move out of the area to get a shared ownership home. I looked at some in Chorley, but I didn’t see anything close to this quality of home and location. I don’t drive so it’s fantastic to have the town centre and supermarkets nearby.”
Jon Lord, group chief executive of Bolton at Home, said: “I’m delighted for Lisa that she’s been able to buy a new home at an affordable price, which is what shared ownership is all about.
“New housing has to help people in a wide range of circumstances, which is why we’re developing a broad mix of new properties including homes for rent, shared ownership and supported housing. It’s about offering people a choice of good quality affordable homes in the areas where people need them most.”
Shared ownership is a cross between buying and renting a home and is aimed at people who want to own their own home but can’t currently fund the purchase of a home outright.
Owners buy a share of the property, usually between a quarter and three quarters, and then rent the part they don’t own at a reduced rate. They then have the option to buy a bigger share in the property in future.
As well as its plans to introduce 1,400 new homes, Bolton at Home will be investing a minimum of £19m annually in refurbishing its existing housing stock of approximately 18,000 homes and delivering neighbourhood regeneration.