First-time buyers looking to get on the property ladder in Bedfordshire can now purchase a new-build apartment in Shortstown with the new version of Help to Buy.
Bellway has released a selection of one and two-bedroom apartments at Eastcotts Place, all of which are available with the Government-backed scheme.
Help to Buy enables buyers to secure a new-build home with just a five per cent deposit and 75 per cent mortgage, with the remaining 20 per cent being provided as an equity loan which is interest free for five years.
As of this month (April), new regional price caps have been introduced, reducing the maximum price of a home which can be purchased with Help to Buy in Bedfordshire from £600,000 to £407,400. The scheme is also now available exclusively to first-time buyers.
All the properties currently on sale at Eastcotts Place, off Conder Boulevard, are priced below the new regional cap. They include one and two-bedroom apartments priced from £150,000, and a selection of three-bedroom semi-detached houses starting from £320,000.
Luke Southgate, Sales Director for Bellway Northern Home Counties, said: “The introduction of regional price caps for Help to Buy is sure to have a significant impact on the first-time buyer market. Larger houses previously eligible for the scheme will now be out of reach for many people looking to take their first steps on the property ladder.
“This is likely to see greater demand for smaller properties, with apartments becoming an increasingly attractive option for first-time buyers. The range of apartments at Eastcotts Place are suitable for both young professionals and young families, with a price tag well below the regional Help to Buy limit.
“The spacious open-plan layouts of the apartments lend themselves perfectly to family living and entertaining, while the development itself is located within a brand-new neighbourhood with parks, play areas and a primary school nearby.”
Harrowden House comprises a selection of one-bedroom apartments, priced from £150,000. Each home features an open-plan kitchen, living and dining area, a spacious double bedroom, a bathroom and store cupboard.
A selection of two-bedroom apartments are available within Eastcotts House. Similar in design to the one-bedroom homes, these apartments also include a second, single bedroom and additional storage space. Prices start from £190,000.
Also available with Help to Buy at Eastcotts Place are the three-bedroom semi-detached Tweed and Kennett house types, priced from £320,000 and £330,000, respectively.
Bellway is also building at Eastcotts Green, a neighbouring development featuring a range of two to five-bedroom houses.
Both developments are part of the new neighbourhood being created on the former RAF Cardington site.
For more information, visit bellway.co.uk or call the sales team at Eastcotts Place on 01234 430638.