Councillor officially opens Silverbirch development

Wednesday 24 January 2018

Councillor John Harrison, cabinet member for housing and transport, formally opened a new development of affordable homes today (24 January), in Camperdown.

The Silverbirch site comprises 40 homes, two bedroom bungalows and two and three bedroom houses, for shared ownership with Riverside Home Ownership (RHO).

Cllr. Harrison and buyer Michelle officially openSilverbirch

Silverbirch Official Opening

Michelle, aged 35, was able to buy a new three bedroom townhouse with a £16,600 deposit and will have a 45% share in the home. She will live there with her husband and three children aged 10, 11 and 16.

Michelle said:  "The location of Silverbirch is what first attracted us to the site - it's perfectly positioned for my husband to get to work and for my sons to get to school and college. 

"We wouldn't have been able to afford this style and size of house without the shared ownership scheme. One of the main benefits is that we will eventually own the property outright by simply buying more shares over the years. We're delighted to be moving in to our dream forever home."

Cllr John Harrison officiated proceedings by cutting the ribbon in front of an expectant audience, alongside Michelle Kalthoeber, one of the developments' first purchasers. 

The councillor said:  "It is a great honour to formally open Silverbirch. This new development is exactly what the area needed and many first-time buyers and families now have the chance to take the first step to owning a property.

"The housing market in the North East will certainly benefit from more affordable homes and I look forward to seeing this growth over the next few years."

The new development has been welcomed by many and offers the local and wider community the opportunity to own a share in a new, energy efficient home.

RHO, in partnership with leading regeneration specialist Galliford Try Partnerships North, is contributing to the delivery of 131 new affordable houses across the borough.

Sean Egan, managing director with the developer, said:  "We are pleased to have, once again, worked with Riverside on a development which improves the quality and choice of homes for people of the North East.

Nonie Campbell, sales negotiator at RHO commented:  "It is fantastic to welcome Cllr John Harrison to the Silverbirch development today. 

"Since we announced our plans, interest has been incredibly high and many properties are now reserved. We recommend prospective buyers to contact us soon to avoid missing out."

Each home at Silverbirch is built with modern living in mind and include a new fitted kitchen complete with integrated appliances, generous sized living areas, spacious bedrooms and a contemporary family bathroom. A show home is also now open to the public.

Shared ownership means people can buy a share in a property and pay rent on the part that you don't own. A range of share options are available and buyers will benefit from expert advice and support from RHO's team.

Prices start from just £32,500 for a 25% share in a two bedroom home and £40,000 for a 25% share in a three bedroom home.

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Riverside Home Ownership

We're the specialist leasehold and affordable home ownership division of The Riverside Group Limited, one of the UK's largest housing associations. As well as building, selling and letting a wide range of property types, Riverside Home Ownership provides services to, and manages the leasehold of over 4,500 homes across the UK.