“Our dream three-bed home costs less than renting a one-bed apartment"
First-time buyers Alex and James (both 27) are amongst an increasing number of buyers trading city centre living for a semi-rural lifestyle, after securing their dream home at our Rivers Edge development in Warrington.
Not only will the couple be significantly upgrading their living space from a one-bedroom apartment to a three-bedroom detached house, their new mortgage contribution will be around £200 cheaper than their city centre rent and parking per month.
Many young people across the country are trading city living for suburbia in a bid to save money, with Rightmove reporting 54% of renters in Manchester City Centre are considering moving further out of the city to save money.
With rising rental prices - up 14% annually in Manchester City Centre specifically - renters are being priced out and forced to consider rural locations.
James, a doctor, commented: “Although there’s the deposit to consider, once we compared our monthly costs of renting and parking in Manchester to moving to Rivers Edge in Warrington, we were surprised to find we would be significantly better off moving out of the city.”
“At first, we were nervous to move away from all the city centre has to offer, but we’re within easy reach of Manchester and Liverpool being situated between both cities - with the added convenience of also living close to Warrington town centre and Stockton Heath.”
Of city centre dwellers, two thirds would reportedly consider moving to the countryside to improve their wellbeing. Having demanding jobs, Alex and James are looking forward to making the most of the green spaces Warrington has to offer.
Alex, a police officer, added: “At Rivers Edge, we’re going to be able to enjoy the best parts of city life with the added benefit of greater living space and the freedom to explore nearby parks and nature trails. Even better, we’ll be spending less per month but investing in our own asset, and ultimately our future together.”
Find out more about our new homes at Rivers Edge.