McCaul Developments has made its first move into the Manchester City Centre market with the unveiling of 'The Point' housing development at the New Islington regeneration scheme.

The family-owned business, based in Astley, has revealed that Phase One of the development, which includes 23 apartments and twelve canal houses, will be ready for release in September 2013. McCauls have recently received planning permission for Phase Two of the £16m scheme involving a further 81 units, and have further development plans for in and around Manchester and the North West.

Prices for The Point apartments start from £112,000 for a one-bedroom apartment and McCauls has secured approval for the government-backed 'Help to Buy' scheme. Prospective buyers may be eligible to apply for the scheme, which enables first-time buyers and existing homeowners to buy a property with a five per cent deposit and up to a 20 per cent equity loan.

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McCauls bought The Point from Urban Splash in 2012. The development, which was designed by renowned architect, and Chairman of the Civic Trust Awards, David Prichard and his team at Metropolitan Workshop, is in partnership with the Homes and Communities Agency (HCA) through the Get Britain Building Scheme.

Sean McCaul, Director at McCauls, said: "The development will provide contemporary and high spec homes in what is quickly becoming one of the most distinctive and diverse neighbourhoods in Manchester. Furthermore we are delighted to have received Help to Buy approval for The Point. The new government scheme will provide a much-needed shot in the arm for the house building sector and offers an excellent incentive for people to get onto and move up the property ladder."

The luxury properties feature many unique designs and all are spacious with a selected few having roof top gardens overlooking the city and the new marina. All of the apartments and houses have larger than average kitchens and bathrooms and plenty of storage and light.

(CD)