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New apartments to satisfy demands of first time buyers


Oct 4, 2016

Two blocks of apartments are to be constructed at a £30m regeneration site for the first time in years, due to high demands from first time buyers in South Shields.

Housing and community regeneration specialist, Keepmoat, is to deliver a further 24 apartments, at the Trinity South development after reporting increased interest from customers looking for quality but affordable designs to get them on the housing ladder.

The regeneration site, formerly a rundown retail area, is being transformed thanks to a partnership with South Tyneside Council, Keepmoat and the Homes and Communities Agency (HCA).

A total of 223 two, three and four bedroom homes are under construction, and Keepmoat is confident that the latest release of apartments will ignite further interest in the development.

Lindsay Hall, sales manager for Keepmoat in the North East, said: “We recognised that there was a distinct demand for a smaller product which would cater for first time buyers in the region.  These growing market demands led to the decision to provide stylish new apartments, which would complement the existing scheme.

“We haven’t built apartments in South Shields for a number of years, but our projects are always crafted to ensure we meet the specific needs of the areas.

“We recently built new car parks for two General Practise surgeries on New George Street, which will not only give easier access to patients, but the relocation has given the new apartments prominence at the opening of the development.

“We want this new neighbourhood to integrate into the existing retail area, while attracting new residents, so that the local trade can thrive once again.”

The new apartments will be available from £102,995 or just £82,396 when purchased with Help to Buy.

Trinity South forms part of the South Shields Riverside Regeneration plan along with five other neighbourhoods.  The development is expected to complete in 2020.

For more information regarding Keepmoat, please visit keepmoat.com.

By Emily