A new iconic development in the heart of Burnley’s Victorian Industrial Quarter, Bridgewalk Apartments, part of the On The Banks Development, is leading the way in the town’s regeneration and housing boom. The majority of the high spec, modern and stylish apartments have been snapped up in almost record time, demonstrating the desire and need for accommodation like this in the area.
Simon Morgan a Director working out of Petty’s Burnley office said: “So far we’ve sold 10 of the 16 properties and none of these have been purchased by investors. Four have gone to first time buyers and eight of the properties have been purchased using the Help to Buy scheme. We feel this demonstrates a real upturn in the local housing market and a real desire to live in top quality town centre homes such as these”
Burnley was recently listed as one of the ‘top five to thrive’ towns in the North West by Estates Gazette, stating it had what it takes to be have ‘boom town’ status and was recently ranked in the UK’s top 10 for growth in private-sector jobs, with Experian stating it has the best growth prospects in Lancashire
With top developments such as The Vision Park, The Technology Park, UCLan looking to further increase their campus and the town centre improvements including the opening of a new Primark, as well as Burnley’s great connectivity to the major North West cities, the need for good quality housing that appeals to the young upwardly mobile is becoming ever greater.
Simon said: “The value for money offered by developments like Bridgewalk Apartments, the amenities that are close by and the easy commute either by rail or road to the rest of the North West, means Burnley is an extremely attractive proposition to many, especially first time buyers”