AFFORDABLE HOMES
LOVE WHERE YOU LIVE: THE IMPORTANCE OF LOCATION FOR HOUSE HUNTERS When it comes to buying a new home, many of us start with asking where? Do we want the hustle and bustle of a city centre or is the slower pace of rural life calling? Is being close to green spaces important or are local amenities at the top of the wish list? Read on to find out three features every prospective buyer should consider when choosing where to call home
For those who commute by car, checking for congestion-free access to motorways should be a priority. When it comes to public transport, pay attention to: Frequency of service Coverage area Connectivity to key destinations, such as: Town and city centres
Employment hubs Leisure facilities.
Wapping Wharf
LOCAL AMENITIES AND LIFESTYLE
Knights Quarter
focus on areas where property prices match your financial capabilities. Speaking of property prices, the housing market looks set to recover throughout 2024, with Nationwide’s house price index showing property prices rising again since the turn of the year ¹ . Coupled with high, albeit falling, mortgage rates and the cost- of-living crisis, it’s no surprise many of us are feeling the pinch. For those finding it difficult to make their dream move, affordable homeownership schemes such as shared ownership provide much needed support. Buyers at Knights Quarter, SNG’s development in Winchester only need to put down a £3,438 deposit for a one bedroom apartment**, compared to an astounding £33,000 (10%) deposit required for the average apartment in Winchester according to Rightmove². Unlock your homebuying potential with shared ownership from SNG. To discover our full range of homes across the South and West visit sovereignliving.org.uk *Travel times are taken from google.co.uk/maps and are approximate only. **5% deposit of a 25% share valued at £68,750, full market value of £275,000. T&Cs apply. Prices correct at time of going to print. nationwidehousepriceindex.co.uk/reports/house-prices- begin-2024-on-a-more-upbeat-note rightmove.co.uk/house-prices/winchester.html
For most buyers, having good-quality amenities nearby is high on the agenda. Factors such as the quality of schools, healthcare services, and green spaces can contribute to the long-term desirability and value of your home, while the variety of retail and leisure facilities in the area can help you decide if it complements your lifestyle. Looking through the new build developments available on housebuilders’ websites can be a great place to start your search, as housebuilders spend a significant amount of time finding up-and-coming areas to build their homes. Take our Wapping Wharf development for example. Launching later this year and situated on Bristol’s historic harbourside, this newly transformed neighbourhood of 43 one and two bedroom shared ownership apartments has a vibrant community hub on its doorstep. Home to an eclectic mix of independent small businesses, residents will be perfectly placed to enjoy some of the best bars, restaurants, cafes, and shopping the area has to offer.
Nobel Park
Lastly, if you enjoy an active lifestyle, it’s worth checking the network of walking and cycling paths available. Located in the stunning Oxfordshire countryside, our Nobel Park development in Didcot is a contemporary collection of two and three bedroom homes including houses, apartments and coach houses. For commuters, the A34 passes just outside of the town, offering easy access to both the M4 and M40. Didcot Parkway railway station is also well connected, providing regular services to Reading in 20 minutes and London Paddington in 40 minutes, as well as direct services to Bristol Temple Meads*. Prices for two bedroom houses start from £136,000 for a 40% share.
TRAVEL LINKS AND PUBLIC TRANSPORT
AFFORDABILITY
Whether you’re looking to cut your commute time or escape a busy city centre, having access to reliable and convenient transport options is essential when looking for a new home.
Another crucial consideration is affordability, as it directly impacts your ability to purchase a home in your desired location. Assessing your finances and establishing a realistic budget can help you
66 First Time Buyer April/May 2024
Made with FlippingBook - Online Brochure Maker