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The housebuilder behind the new homes at Edison Place in Rugby has announced that it will now be offering Part Exchange to help people move up the property ladder.

The initiative allows those looking to buy a new home at the popular Edison Place development to sell their existing home to St. Modwen Homes rather than wait for a buyer. St. Modwen Homes will obtain three independent valuations from trusted agents and then agree a price with the homeowner.

Guy Gusterson, managing director of St. Modwen Homes, said: “Using Part Exchange means that purchasers have an immediate cash buyer for their existing property, taking all the hassle out of selling their house. Not only is it a stress free solution, but there are also no agent fees to pay and no risk of broken chains.

“We had many people enquiring about Part Exchange at our Edison Place development and as a housebuilder, we are committed to answering the needs of local people. Hopefully, this will be exactly what people are looking for in the area.”

Part Exchange is available now on selected plots at Edison Place, including the semi-detached three storey Newark house type. Boasting three double bedrooms, an open-plan kitchen, dining and living room and a dedicated study, the spacious property provides all the benefits of a new build home. All the rooms have been designed with large windows and high ceilings, allowing the space to be flooded with natural light. Externally, the traditional looking red brick house has a pitched roof with feature bay windows in white render.  Prices for the Newark property start at just £244,995.

When complete, the first phase of St. Modwen Homes’ Edison Place development will boast 87 properties, including a mix of two, three and four bedroom homes. The development has already proven popular with 25% of homes now sold from plan.

Located on Technology Drive, Edison Place is being delivered by St. Modwen’s housebuilding business, St. Modwen Homes and is part of St. Modwen’s larger mixed-use development, which is already home to the £33 million Warwickshire College. This part of the development will boast a range of shops and other local amenities, including a Hungry Horse restaurant. A planning application has recently been submitted by St. Modwen for 10,000 sq m of retail space off Leicester Road.

Part Exchange is offered by St. Modwen Homes in partnership with home-buying agency, Moving Made Easy, and is only available to those people who are upsizing their house and meet the outlined criteria.

For further information about the new homes at Edison Place, people are directed to visit the marketing suite, which is open Thursday to Monday, inclusive of the weekends, between 10am and 6pm. Alternatively, people can call 0844 243 4646 or visit