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Partnership launches Chorley Place in Bolton

24 November 2021

Partnership launches Chorley Place in Bolton

In partnership with Bolton at Home and funding support from Homes England we launched the Chorley Place scheme in Bolton this month.

Chorley Place in Bolton is our latest development to complete which offers a mix of two, three and four-bedroom homes which have been sold via the Government’s shared ownership scheme, that helps people onto the property ladder.

Our apartments are available via the government's Rent to Buy scheme. The one-bed apartments are available for £440 per calendar month (which is 80% of the market rent) and the two-bed apartments are available for £520 per calendar month (which is 80% of the market rent). The deposit for the one and two-bed apartments is five weeks rent and the monthly rent includes service charge.

The rent to buy apartments are available to apply for now here

Property prices in Bolton continue to rise, driven by the private rental market, with professionals, couples and young families seeing the town as a good commutable location. This makes it increasingly more difficult for people to access quality, affordable housing locally.

Sasha Deepwell, Irwell Valley Homes CEO said: “There is a significant demand for affordable homes in Bolton with the latest new homes at Chorley Place fully reserved before completion. We are working together with Bolton at Home and our Local Authority partners to realise our shared aspirations to deliver even more affordable housing, reduce homelessness, increase provision for the aging population and support employment and community cohesion.”

She added: “We are currently building over 100 more affordable homes on the Rivington Chase development which forms part of the regeneration of the former Loco Works in Horwich. Once complete the development will provide apartments and family homes for a range of tenures. Helping people to access affordable housing to suit their needs.”

Jon Lord, Bolton at Home CEO explains “For thousands of people in Bolton, the housing crisis means that they can be at a greater risk of homelessness due to a lack of affordable housing options and many are living in overcrowded households that aren’t suitable or healthy for them.”

With town centres everywhere changing as people’s shopping habits have evolved, there is an opportunity to increase residential development to ensure the long-term sustainability, viability and vitality of the town centre. We chose to re-develop the Chorley Place site for this reason and the new homes have helped to kickstart our aspirations for the regeneration of the area.

Refreshments were provided by one of our Bolton partners BACKUP