MP Lucy Powell calls in at new retirement community in Failsworth

Date published: 04 October 2024


Manchester MP Lucy Powell made a visit to the new McCarthy Stone retirement community, Sydney Grange, which is in Failsworth.

The Labour MP joined McCarthy Stone’s Business Development Manager, Declan Fishwick, to take a closer look at the development and tour both the communal facilities the show apartments.

Located on Ashton Road West, Sydney Grange features a collection of low-maintenance, energy efficient retirement apartments designed to support the over 60s to live life to the fullest.

To make retiring in style more accessible, properties at Sydney Grange are exclusively available as part of a government-backed scheme in conjunction with Homes England.

The scheme, named Older Persons Shared Ownership (OPSO), provides a helping hand by reducing the upfront cost of a new retirement property, through providing a choice of home ownership options up to 75%.

Monthly rent is payable on the remaining share except where the property is purchased for the maximum share of 75%.

The properties are currently available to reserve off-plan, where almost 50% of the properties have now been reserved, and first occupants are expected to make the move later this year.

Ms Powell said: "It was a pleasure to visit Sydney Grange and see the fantastic work being done to create a welcoming and supportive community for retirees in Failsworth.

"Developments like this are so important in providing older people with the chance to live independently while also being part of a community.

"It’s great to see more affordable options like this available locally here in Manchester Central, helping people to enjoy their retirement in comfort and security.”

The Government has also confirmed it is looking to expand the provision of housing for older people and recently published new research which showed retirement housing results in improved levels of happiness, wellbeing and life satisfaction.

The brand-new development is set to meet the needs of those aged 60 and over seeking an independent retirement with community at its heart.

Future homeowners will benefit from access to superb shared spaces, including maintained gardens and a communal lounge, where new friendships flourish.

Peace of mind comes from having state-of-the-art security features, including a 24-hour emergency call system, in every property and a House Manager to oversee the day-to-day running of the development.

For more information about Retirement Living at Sydney Grange, please call 0800 201 4384 or click here


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