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Why rent when you can buy at Magnolia Mews

28th October 2013 Print
Magnolia Mews

Property renters who are keen to take their first step on to the housing ladder are being urged to visit Taylor Wimpey’s new Magnolia Mews development in Dorset.

The stylish collection of one-bedroom apartments and two and three-bedroom houses enjoys a fantastic location in the popular village of Crossways – and prospective purchasers might be surprised to discover just how affordable buying a home at the development could be.

Thanks to the Government’s new Help to Buy shared equity scheme, securing a property at Magnolia Mews offers a far more attractive option than renting.

The average monthly rent for a three-bedroom property in the area is £822, yet buyers can purchase a three-bedroom ‘Larch’ terraced house for just 80% of its full £200,000 price under Help to Buy – and potentially pay less for their monthly mortgage repayments.

What’s more, a deposit as low as 5% is all that’s required for Help To Buy customers – so there’s no need to spend years saving up for that initial downpayment.

Fiona Creed, Regional Sales and Marketing Director for Taylor Wimpey, says: “Purchasing a new home at our popular Magnolia Mews development can work out to be far more affordable than renting a similar-sized property in the area if homebuyers use the Help to Buy scheme.

“I would urge anyone interested in finding out more to come and see our Sales Executive to discuss how Help to Buy could enable them to take that first step on to the property ladder for less.”

Under Help to Buy, customers receive a Government loan of up to 20% towards the cost of new-build properties up to the value of £600,000, and there is no salary cap for homebuyers taking advantage of this scheme.

With a 5% deposit all that’s required, this means they can access a 75% loan-to-value mortgage on their chosen property, opening up a wider range of deals and lower monthly repayments.

The three-bedroom plot 19 ‘Larch’ terraced house features a spacious living/dining room opening through French doors to the private rear garden, plus a kitchen and a guest cloakroom off the entrance hallway.

Upstairs, the landing leads to two double bedrooms, a bathroom and a third bedroom which could alternatively be used as a study, while outside there’s allocated parking.

Alternatively, two-bedroom houses are priced from £179,500 at Magnolia Mews and other three-bedroom property designs are available from £215,000.

Crossways is a peaceful village community with all the conveniences of modern life on the doorstep and some of the England’s most awe-inspiring natural attractions just a short distance away.

The village boasts shops, a primary school, a doctor’s surgery, a community hall and a youth centre, while Dorchester, just six miles away, offers a superb range of amenities, schools, restaurants, entertainment venues and leisure services.

More than half of Dorset’s countryside is an Area of Outstanding Natural Beauty, with gorgeous panoramas across chalk downs, limestone ridges and low-lying valleys, while just a few minutes’ drive away is the county’s renowned coast – much of which is a World Heritage Site with beautiful locations such as the Durdle Door and Lulworth Cove.

Commuters will appreciate that the A35 and A37 can be easily reached from the development for quick road links across the county, while Moreton railway station provides direct services to Weymouth in 19 minutes and Bournemouth in 38 minutes.

To leave renting behind for a brand new home at Magnolia Mews, property-seekers can visit the Sales Information Centre, located off Mount Skippet Way, Crossways, Dorset, DT2 8ZG, and open Friday to Sunday from 10am to 5pm and Mondays from 1pm to 5pm.

Information on Taylor Wimpey developments across the region is available by visiting

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Magnolia Mews