Renting? It could be cheaper to buy in Newton Abbot
Homebuyers in Newton Abbot could decide they are better off buying a brand new apartment rather than throwing away money renting, when they see the fantastic value of Redrow’s apartments.
The award-winning housebuilder has a great selection of one and two-bedroom apartments available at its Orleigh Cross development, where mortgage repayments could compare very favourably to monthly rent on equivalent properties.
Buy-to-let investors will be pleased to learn that two-bedroom properties at the location have been achieving monthly rental values in the region of £750. Compare this to monthly mortgage repayments of around £480* and the apartments represent a good investment opportunity.
And some people who’ve been paying up to £750 per month to rent a property locally will be glad to find they could actually own their own home for less.
Vanessa Randall-Short, area sales manager for Redrow Homes (South West), said: “The affordability of these apartments coupled with the decent rental values that can be achieved here make them a great option for first time buyers, downsizers and investors.
“They are built to our exacting specification, and designed to be easy to maintain, secure and energy efficient. They have been proving popular with a wide-range of homebuyers, from those looking to lay down roots in the area, to those who want a holiday home or a weekend ‘bolt hole’ from which to enjoy to beautiful surrounding Devon countryside and the stunning coastline just five miles from their doorstep.”
The apartments include cleverly laid out spacious rooms, a plethora of storage options and some seriously stylish features, like our floor to ceiling kitchen units in contrasting finishes and our modern white bathroom suites.
Less than a mile from Newton Abbot town centre, the apartments are perfectly placed for local amenities. There’s easy access to the M5, while Newton Abbot train station has regular direct services to Exeter and Torquay. Close by there is a good choice of primary and secondary schools, as well as leisure and health facilities.
One-bedroom apartments are available from £110,995 with two-bedroom designs priced from £127,995.
To find out more visit Orleigh Cross between 10am and 5.30pm Thursday to Monday, log on to: redrow.co.uk
* Monthly mortgage repayments based on an interest-only mortgage with 10% deposit and 5% interest per annum on two-bedroom apartments prices at £127,995. Your home is at risk if you do not keep up mortgage repayments or payments on other loans secured on it.