Residents will soon begin moving into a £17.5m apartment development in Altrincham.

Developer McGoff Group – based in the town – says the 31 one, two and three-bedroom properties at The Downs Quarter are nearly ready for occupation with ‘practical completion’ approaching.

Apartments housed in two buildings, The Place and The Blok, will be ready  after Easter, with other properties in the development scheduled for completion later this year. 

Reside Manchester has been appointed by McGoff to head up the apartment sales at The Downs Quarter.  

Following a positive start for the property market so far in 2024, when inflation fell below four per cent, mortgage lenders reduced rates with further cuts expected, and house prices on the up, Reside Manchester’s appointment comes at the perfect time, say bosses. 

Rhiannon Durston, sales and marketing director at Reside Manchester, said: “The Downs Quarter is a fantastic scheme nestled away in affluent Altrincham, where demand for apartment living is high due to its award-winning town centre, thriving business scene and close proximity to Manchester city centre. 

“The market is buoyant right now and with positive news for buyers since the start of the year, we’ve already secured several sales, a testament to the design of the development and its location.  We expect demand to soar in the coming weeks and months as practical completion nears.” 

The McGoff Group also worked with Cheadle-based property lender Together, which has a £6.8bn loan book and provided a multi-million-pound development finance facility to kick-start the major development scheme in 2022.

Paul Danks, director at the McGoff Group, added: “Working with Reside Manchester is already proving to be the right decision with a number of reservations secured to date. 

“With both inflation and mortgage rates falling, not forgetting practical completion is fast approaching, there has been a surge of interest in the apartments at The Downs Quarter, which is great to see.” 

Prices for the apartments at The Downs Quarter start from £270,000.