Escape the rental race in Southampton

First time home buyers in Southampton would be financially better off buying a property rather than renting, says leading home builder Taylor Wimpey Southern Counties.

According to Taylor Wimpey, rent for a two bedroom apartment in Southampton would cost approximately £750 per calendar month (subject to market conditions). However, when buying one of the stunning apartments at Compass Point, Taylor Wimpey’s development in Maybush, you could pay as little as £469 in monthly mortgage repayments for a similar sized apartment, which is a saving of £281 per month.

Fiona Creed, regional sales and marketing director for Taylor Wimpey Southern Counties, states: “There’s no feeling like owning your own home, investing in bricks and mortar rather than lining a landlord’s pockets is extremely satisfying. It will therefore come as welcome news to many first time buyers that it is actually cheaper to buy with us at Compass Point than rent in the area.”

The stunning new two bedroom Sycamore House apartments are already proving popular with first time buyers and home movers and with prices starting from as little as £137,000, it’s easy to see why.

Fiona concludes: “Our home buyers really do have the best of both worlds, not only are they enjoying living in a beautiful brand new apartment at our Maybush development, but they are also safe in the knowledge that owning their own home is actually the most cost effective option. It’s a win, win situation.

“In fact, with so much interest in our apartments, demand from first time buyers has never been greater at our Compass Point development. Therefore I’d urge those interested in buying their own home to visit our development sooner rather than later.”

In addition to the two bedroom Sycamore House apartments, there is also currently a range of two, three and four bedroom homes available at Compass Point, with prices starting from £175,000.

Compass Point is ideally situated just three miles away from the centre of Southampton and all it has to offer. The development is near to excellent transport links for commuters, with the M27 in close proximity and the local train station, only three miles away, offering frequent routes to major cities such as Birmingham, London and Manchester, ensuring all your travel needs are met.

For further information on Compass Point, visit taylorwimpey.co.uk/compasspoint.