Like many popular cities, first time buyers can struggle to get on the property ladder in York.
Helmsley Group saw the potential of creating affordable starter homes from unused office buildings on the Clifton Moor estate, a retail and commercial scheme on the outskirts of the city.
Now the Halo, Neon and Nova developments have so far created hundreds of homes for first time buyers.
“A couple of years ago we went to look at these empty offices that nobody wanted and thought what else could we do with them,” says director Max Reeves.
“At the same time the Government had introduced the permitted development which allows conversion from office to residential with no need for planning permission.”
So without further ado Helmsley Homes set about turning unneeded office space into badly needed apartments. It’s such a brilliant concept you wonder why no one else had come up with it.
First came the Halo development, now the latest name in lights is Neon in Kettlestring Lane. This scheme comprises 16 studio or one bedroom apartments and with prices from £99,950 for a studio and £115,000 to £145,000 for one bedroom apartments, you can understand why there has already been a number of interested parties coming forward.
Indeed 50 per cent sold during the first ten days, but fear not if you miss out.
“We have more properties in the pipeline,” says Mr Reeves.
“There’s even more good news. Neon’s apartments can be bought through the Government’s help to buy scheme, where for as little as 25 per cent, or as much as 75 per cent, of the asking price you can part-buy your own home and pay rent on the rest.
Adapted from The York Press
Contact: Max Reeves: firstname.lastname@example.org