Key workers could get a free £15,000 towards a home - but some cost £450,000
A new scheme by developer Redrow offers key workers and armed forces personnel in Oldham up to £15,000 in deposit contributions towards new homes. Eligible workers include those in the NHS, police, education, and other public sector roles. The scheme applies to developments in Royton and Diggle, with homes priced from £308,000 to £480,000, significantly above the local average house prices.
Key workers in Oldham can receive up to £15,000 toward the purchase of a new-build home under a deposit-contribution scheme launched by developer Redrow, though the incentive covers properties priced as high as £480,000.
The builder is offering £1,000 for every £20,000 spent to anyone employed by the NHS, armed forces, police, fire service, education sector, prison and probation services, local authorities, National Highways, RNLI or to registered foster carers. The money can be used at the partially completed Bishops Meadow development in Royton, where three- to five-bedroom houses are on the market for £450,000-£480,000, and at Broadstone Manor in Diggle, where 70 planned homes start at £308,000.
Steve Jackson, Redrow’s regional sales director, said the contributions “will help make homeownership more affordable and achievable for key workers and armed forces personnel so they can either start their journey of owning a home or upgrade to a newly built that better fits their lives.” He noted that both sites sit close to medical facilities, making them attractive to NHS staff.
When finished, Bishops Meadow will comprise 200 homes, five acres of green space and an orchard. According to property portal Zoopla, the average house price in Royton is £234,600, while in Diggle it stands at just over £402,000.
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