Short term home, long-term investment
It may only be their home for a short time, but buying a property at Ebbsfleet Garden City is a long term investment for one Kent couple.
Medway’s Sheila and Jim Briggs have moved in to a two-bedroom Redrow home at the development while their four-bedroom detached property is renovated.
Sheila, 66, said: “What started off fairly small scale has grown into quite a large project where we had to leave the house as it was almost being rebuilt over the course of eight months.
“We considered renting but as Jim is thinking about retirement or semi-retirement we thought about investing some of his pension pot and dovetailing the two things – somewhere to live while our home’s being renovated, then renting that property out when we move back in to our home.”
The Rainham couple were aware of Redrow’s Ebbsfleet Green development as Jim catches the train from Ebbsfleet International into London when he works in the capital.
They originally planned to buy a flat, but with none ready to move into they arranged to view a twobedroom terraced Abode style home.
Sheila said: “We’re absolutely delighted with it as it’s a very attractive house.
“The location is perfect for someone working in London because you can walk to the station and then it’s only 17 minutes to St Pancras on the train. Or if you like shopping, Bluewater is five minutes away in the car.”
Along with the location, quality of finish was important for the couple, who bought their first home as a new-build in 1975.
“The design of the house is very light, bright and airy,” Sheila said.
“In terms of eventually renting it out, the fact that each bedroom has an en suite is a huge positive, plus there are two allocated parking spaces.”
All the Abode style homes at Ebbsfleet Green have now been sold, but Redrow has a good choice of properties available from flats to family homes, with prices from £265,000. Help to Buy equity loans are available on selected properties for owner-occupiers.
Along with new homes, Redrow’s plans for Ebbsfleet Green also include a primary school, community centre, convenience store, allotments and sports pitches.
Sheila and Jim Biggs are welcomed to Ebbsfleet Garden City by Redrow