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Monday, 20 October 2014

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Persimmon bids to increase size of Carlisle housing estate

The surging housing market has prompted Persimmon Homes to enlarge its Brackenleigh development on the south-western fringe of Carlisle.

 Mark Cook photo
Mark Cook

It says the Government’s Help to Buy scheme – which assists those who can afford only a five per cent deposit – has boosted demand, particularly from first-time buyers.

The company won planning permission in 2012 to build 253 homes off Wigton Road.

Now it wants to increase the number to 273, replacing some previously-approved four-bedroom houses with smaller two and three-bedroom properties. These are more likely to suit first-time buyers.

Persimmon Homes Lancashire has already sold 65 homes at Brackenleigh, including 18 this year. Another 13 sales are awaiting completion.

Managing director Mark Cook said: “The housing market in Cumbria remains positive thanks in part to the Help to Buy scheme, which has boosted confidence across the UK and is enabling purchasers to move more freely.

“The re-plan at Brackenleigh is primarily to offer a wider range of properties at the development, now to include two-bedroom properties as well as three-, four- and five-bedroom homes in a wide range of prices.

“This will reflect the changing nature of the local market and offer something for everyone.”

Persimmon has applied to Carlisle City Council to substitute 44 mainly four-bedroomed homes at the north of the site with a mix of 64 two-, three- and four-bedroomed properties, including some “affordable” homes available at a discount to local buyers.

Meanwhile, official figures from the Land Registry show that Cumbrian house prices rose in April for the fourth month running.

The average home sold for £122,151, up from £121,690 in March.

Prices were 1.5 per cent higher than April last year, when the average was £120,391. But they remain well below the market peak in December 2007 when the typical home sold for £143,067 – nearly £21,000 more than today.

The Land Registry figures also show that more people are moving. An average of 590 Cumbrian homes changed hands each month between December and February, up from 443 in the same period of 2012-13.

Across England and Wales, house prices rose by 1.5 per cent to £172,069 in April and have risen by 6.7 per cent over a year.

But the national average masks big regional variations.

In London, prices have soared by 17 per cent in a year. The typical home in the capital costs £435,034, three-and-a-half times’ the Cumbrian figure.

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