A dream home at Vista is worth the investment
A‘20% discount on your first home’ was the attention-grabbing headline when the government announced a ‘new scheme on the block’ for firsttime buyers.
The scheme, the Star ter Home Initiative, offers first-time buyers who are under 40 the oppor tunity to buy a new home with a minimum 20% discount off the market price.
With average house prices for first-time buyers in England standing at around £218k, obviously depending on where you are, a new star ter home could save those eligible across the countr y an average of £43k while helping to get them onto the housing ladder.
One of the reasons that this move is possible is due to changes in planning policy, essentially meaning that builders who develop commercial and industrial land – which is either unusable or surplus – for the new star ter homes will be able to save on costs by freeing them from the requirement to provide affordable housing. In return, developers will have to offer the homes at the discounted price.
A main issue with proper ty has never been the demand but undoubtedly the lack of supply, and the knock-on effect of this planned housing increase is that it not only helps first-timers to get into the proper ty market, it also helps families to move as ‘second plus time buyers’ and brings great investment oppor tunities too.
A consultation is currently under way and the conclusions are expected in the spring. In the meantime,The Home Builders Federation, via NewHomes.co.uk, has agreed to compile a database of people interested in receiving updates on the scheme and aspiring homeowners can register their interest now on a website at www.star ter-home.co.uk.
Developers and councils are being asked to respond to the proposals to ensure the changes will make a range of sites across the countr y available.
Many of the countr y’s leading house builders and councils are already looking at options that could be used for new homes – and a long list of house builders, including the main players, have already pledged their suppor t to the idea and building on the first proper ties is expected to star t within months. F YOU dream of a home you can profit from both physically and financially, look no further than Inland Homes’ Vista at Drayton Garden Village,West Drayton. The properties at Vista are modern, spacious and adaptable, offering room to grow for house hunters craving more space, and with ‘Help to Buy’ available, and the community all set to benefit from the Crossrail ‘effect’ in 2019, there are so many ways to gain from investing at this multi awardwinning development.
The three and four bedroom ‘Arlington’ and ‘Chesterton’ townhouses currently available are part of a sweeping crescent of homes overlooking Autumn Green, one of several open, outdoor spaces at Drayton Garden Village including village greens, avenues landscaped by trees and children’s play areas.
The Arlington is a three bedroom townhouse with a generous open-plan kitchen, dining and family room on the ground floor. On the first floor there’s a family bathroom and a large living room with a balcony overlooking the green and a large second bedroom. The second floor contains a substantial master bedroom, with a fitted wardrobe and en-suite shower room, along with a sizeable third bedroom.
The Chesterton is a substantial four bedroom townhouse which includes on the ground floor a study, washroom and a vast kitchen/family room.The first floor has a generous living room with both a full balcony and a Juliet balcony overlooking the green, and a family bathroom and sizeable second bedroom. On the second floor there is a large master bedroom with fitted wardrobes and an en-suite shower room and two further good-sized bedrooms.
Drayton Garden Village is a pioneering 779-home community being created by Inland Homes on a 31-acre site, formerly RAF West Drayton, Middlesex.
The community will benefit from a Crossrail link at nearby West Drayton station in late 2019, meaning those who invest early should benefit from house price rises, widely expected due to the ‘Crossrail effect’, in the longer term.
The open-plan living/dining area in the show home at Vista (above) and right a CGI of the sweeping crescent of townhouses overlooking a village green
There are now just 10 townhouses left at Vista, and they are selling fast. Many buyers are taking advantage of the government’s ‘Help to Buy’ equity loan, enabling them to secure a property with just a 5% deposit, with the government lending up to 20% of the cost of the home and a 75% mortgage making up the rest.
The townhouses at Vista, Drayton Garden Village are priced from £489,950 to £529,950. Both house types will be ready to move into during winter 2015.
The marketing suite and show home at Vista are open daily from 10am to 5pm. For further information please call 01895 431901 or email the agents marketing the development, Cameron at vista@cameron-group. co.uk