MORE than half of the properties at a new development in Altrincham have sold - with the rest of them expected to sell in the next month or two.

The Wharf, an MCR Homes development including five townhouses and a five-floor apartment block, went on the market at the start of the year.

After a few months, all of the townhouses and half of the apartments have sold.

Director of MCR Homes Michael Fenlon put the popularity of the properties down to the Government's stamp duty holiday, which is winding down before coming to an end in September.

Between June 2020 and June 2021, no stamp duty was charged on properties up to £500,000 in an attempt to boost a coronavirus-stricken economy.

Until the end of September, it is not being charged on properties up to £250,000.

Mr Fenlon said: "The property market in the north west has been running on rocket fuel for some time now and sales at The Wharf demonstrate this.

"With property transactions up more than 200 per cent nationally year-on-year, we expect the remainder of our units to be snapped up by the time the stamp duty holiday ends in September.

"Post-pandemic, buyers want greater outdoor space and tranquil surroundings while still living within easy reach of the big cities, and The Wharf certainly delivers.

"Whether it’s enjoying a sundowner on the rooftop terrace, or lingering on the banks of the canal after twilight, this is a location buyers are fast falling in love with."

As well as a rooftop terrace and a view over Bridgewater Canal, The Wharf also offers spacious and stylish interiors according to images released by MCR Homes.

Prices at the development start at £209,950, and residents will be able to move in from this winter.