AS the age at which people buy their first home rises to 33, along with the number of couples buying together, the concept of a ‘starter’ property is changing.
Instead of purchasing an apartment or a smaller one or two-bedroom house, today’s first time buyers are also more likely to have children and therefore more inclined to want a family-sized home with easy access to shops, bars and restaurants.
While they may think that a property that ticks all of these boxes will come at a premium, the availability of Help to Buy could make that dream move easier to achieve.
For example, the Government-backed equity loan scheme is available at The Birches in Tarporley, an exclusive Elan Homes development close to the bustling village centre and just a 25-minute drive from Chester city centre.
Thanks to Help to Buy a four-bedroom ‘Hardy’ style property could be secured with a deposit of just £18,750.
Marie Morris, sales director for Elan Homes in the North, explained: “Government research shows an increase not just in the number of first time buyers who are couples, but who have started a family before they purchase a property. Their housing needs will be very different from someone who’s buying alone and so we need to reconsider what we think of as a starter home.
“For Cheshire buyers, our new homes at The Birches could be the perfect solution. They’re stylish, spacious, full of family-friendly features and enjoy a prime location in a village ranked as one of the ‘best places to live’. Plus, with Help to Buy available, those who’ve been saving for a home of their own could find they’re able to buy a larger property than they anticipated.”
The Hardy is priced from £374,995, which could reduce to £299,996 using the equity loan scheme. The lower price includes a deposit of £18,750 and mortgage of £281,246. The remaining 20% is covered by the equity loan, which is interest free for five years.
An attractive four-bedroom semi-detached property, the Hardy offers light and airy accommodation. Designed across three floors, the ground floor features an open-plan kitchen/dining area, a spacious lounge with bi-fold doors leading into the garden and a handy cloakroom. Upstairs on the first floor are three bedrooms, plus the family bathroom. On the second floor is the beautiful master bedroom, complete with stylish en-suite.
Situated on the edge of the thriving Cheshire village of Tarporley, The Birches couldn’t be better placed for excellent schools, traditional shopping, fine dining and more. Tarporley offers a traditional rural way of life, with all the style and sophistication you’d expect of a charming Cheshire village, while remaining within easy reach of the cities of Liverpool and Manchester.
To enjoy a taste of life in a brand new home in the heart of Tarporley, with easy access to the thriving high street, visit The Birches, open Thursday to Monday from 10am to 5pm.
For more information see www.elan-homes.co.uk/developments/the-birches or call 0845 293 8997.