New homes for under £5,000 deposit in Kent
A study by Halifax earlier this year has found that the average first-time buyer deposit has reached a staggering £26,956, and the financial provider Scottish Widows , in their seventh annual Savings and Investment report suggest that first time buyers would need almost 13 years to save this amount. Using the Help to Buy Scheme at Bellway Homes’ De Montford Apartments in Strood, Kent, homebuyers can get a one bedroom apartment with a deposit of just £4,950.
De Montford apartments is a collection of one and two bedroom homes, priced from only £98,995 which are perfect for first time buyers looking to take their initial steps onto the property ladder. Not only are they unbelievable value for money, the apartments are adjacent to Strood station, with fast trains taking a mere 35 minutes into London St Pancras, making them an ideal home for commuters.
A one bedroom apartment comprises of an entrance hall, which leads into a spacious open plan living and dining room with private balcony. The master bedroom has fitted wardrobes and the apartment benefits from a large bathroom. The fitted kitchen is finished to a high quality specification, including oven and hob with stainless steel splashback. All of the apartments are available with Bellway Homes’ Bespoke Additions, which enable buyers to personalise their home with custom-made design touches.
Peter Knights, Sales Director at Bellway Thames Gateway comments: “De Montford Apartments are perfect for first time buyers struggling to get on the property ladder. Not only are they convenient for city workers commuting into
London, but for less than £5,000 for a deposit they are fantastic value for money too.”
Strood is one of the famous ‘Medway Towns’ and enjoying its share of a huge regeneration project, which includes two marina developments with dining and leisure facilities, making it increasingly popular with young professionals escaping the hustle and bustle of London life.
Nearby Rochester is a quaint but lively City, with meandering streets, regular markets and events and historical charm, plus a choice of cafes, bars and restaurants. Chatham, a few minutes further along the River Medway, is a retail paradise with an outlet shopping centre and buzzing high street.
For outdoors enthusiasts, Medway boasts almost 186 miles of footpaths and over 70 miles of cycle paths, and there are a range of water sports available on the River Medway including wind-surfing and yachting.
In addition to the excellent rail services from Strood into Central London, there are superb road links via the M2/A2 northbound to the City and southbound to Dover, and the M20 takes you to Dover and the Channel Tunnel for the continent.
The De Montford apartments are available with the Government backed Help to Buy initiative, which is a 75% mortgage and 5% deposit, whereby the remaining 20% is funded by way of an equity loan, which is interest free for the first five years, and repayable upon sale of the property. Using this scheme, a deposit of only £4,950 is needed to buy at this fantastically located development.
Prices for the De Montford Apartments start from £98,995 for a one bedroom property.
For further information, visit bellway.co.uk.
