House buyers are moving quickly to snap up apartments at a new residential development in North Tyneside.
Moor Park House in Chirton, which consists of 31 two-bedroom apartments, is the work of Gateshead-based Pyeroy Developments, the housebuilding arm of Pyeroy Limited.
The development, made possible by funding of more than £2.5m from Yorkshire Bank's Financial Solutions Centre (FSC) in Newcastle, has a total sale value of nearly £4 million.
The properties are aimed specifically at first-time buyers and have proved popular with the market since going on sale in November. Fourteen apartments have now been sold and Pyeroy Developments expects the remaining properties will follow quickly.
Darren Hall, director of Pyeroy's Construction Division, says: "Our attractive pricing means many first time buyers will now be able to purchase a home in an increasingly popular residential area. The apartments are selling fast and we look forward to welcoming more new customers to Moor Park House"
Dave Sinden, senior partner at Yorkshire Bank's Newcastle FSC, comments: "We were very impressed with Pyeroy's plans and now the development is complete it exceeds even our expectations. Pyeroy is continuing to make its mark as a new housebuilder in the North East, following the successful completion and sale of four other residential developments. Long may this success continue."