St Neots buyers get a leg up onto the property ladder

Chic new homes in St Neots are helping satisfy demand from buyers.

Abode St Neots is a contemporary collection of homes from award-winning Redrow. The two and three -bedroom properties are proving very popular with a mix of first time buyers, families and downsizers. The vast majority of customers have used the Government’s Help to Buy equity loan scheme to reduce the initial cost of homeownership.

Sales director Tonia Tyler explains:

“There’s a real demand for new homes in St Neots and in the first two months alone we’ve taken 17 reservations. The properties are very much sought-after and in around 80 per cent of cases customers have utilised Help to Buy.

“People in Cambridgeshire are familiar with contemporary looking homes as a lot of new builds in the area feature this style of architecture. What makes Abode stand out from the crowd is that the ground floor is almost entirely open plan, maximising the potential of the space available. It’s a layout that’s particularly popular with parents, as they can be preparing dinner while supervising children in the living area. “

Current prices for an Abode home range from £239,950 to £299,950. All of the properties can be secured with a 5 per cent deposit and 75 per cent mortgage through Help to Buy, with the remaining 20 per cent covered by the equity loan.

For example, a three-bedroom home priced at £274,950 can be purchased with a deposit of £13,750 and a mortgage of £206,215.

Tonia adds:

“Research from the Halifax suggests that buying a three-bedroom home is more cost effective than renting one.”

“Plus, not only will you be investing in your own home, you’ll also have more freedom to customise the space to your personal taste.”

Abode properties enjoy ‘uncluttered’ but smart facades with a host of in-vogue interior features. Open plan layouts on the ground floor maximise the potential of the space available; while in many designs each bedroom benefits from an en-suite. The homes enjoy underfloor heating and fashionable wet rooms, while banks of discreet storage units create faux walls.