The UK’s most affordable new home?

Is this the UK’s most affordable new home? Leeds-based Consort Homes has launched what is officially Yorkshire’s lowest cost new home – a one-bed new house in their School Lea development in Halifax is being marketed for just £77,395.

Data from Rightmove.co.uk, the UK's number one property website, confirms that it is the lowest priced new build home in Yorkshire. Unlike other affordable homes which are shared equity, Consort’s I-Gen home design is 100 per cent full ownership and is a genuine house, with its own front door and car parking space.

Richard Cook, managing director at Consort Homes, said: “We know that there are still people in our region who have either found it difficult to get on the property ladder because of cost, who prefer full ownership of their home or do not want to live in an apartment.

“Our new I-Gen homes tick all these boxes – we have made a new home, built to our exacting standards, that is the cheapest new house in the region, and perhaps the whole of the UK.

“School Lea in Halifax is our launch site for the new I-Gen home, but we have nine existing developments across Yorkshire and Scotland and we are certainly looking to roll this concept out.”

Geoff Fricker, Head of Corporate Relations for Rightmove New Homes, said: “Affordability plays an important role in enabling first time buyers to make that first step onto the housing ladder and so anything aiding that should be most welcomed.”

Speaking about being the lowest priced home, Richard Cook added: “There are shared ownership homes available in the region, but of course buyers only own a percentage of the home, not the whole house.

“Also, there are new apartments for sale which are cheaper – however, we wanted to offer the most affordable new home that didn’t include things like management fees, communal corridors and shared entrances.”

What is an I-Gen House?

- New build, one-bedroom homes
- Built across two floors to Consort’s exacting standards
- Great spec including:
- Fully fitted kitchen incl washer/dryer
- Fitted bathroom
- Carpets/flooring throughout
- Gas central heating
- Intruder alarm system
- Juliette balcony to lounge
- Your own car parking space
- Unlike apartments, owners will have their own front door, no management charge, communal areas or shared entrances
- Truly affordable: just £99 to reserve and move in. The price of £77,395 includes Consort paying the buyer’s 5% deposit and legal fees

I-Gen Type A

Lounge 2.75m x 4.45m (9'0" x 14'7") on first floor
Kitchen 1.75m x 2.35m (5'9" x 7'9") on first floor
Hall 1.48m x 1.98m (4'10" x 6'6") on first floor
Master Bedroom 4.55m x 2.35m (14'11" x 7'9") on ground floor
Bathroom 1.46m x 2.78m (4'10" x 9'1") on ground floor

I-Gen Type B

Lounge 5.05m x 2.20m (16'7" x 7'3") on first floor
Kitchen 2.65m x 2.35m (8'8" x 7'9") on first floor
Hall 1.00m x 2.45m (3'3" x 8'0") on ground floor
Master Bedroom 2.65m x 3.85m (8'8" x 12'8") on ground floor
Bathroom 2.45m x 1.15m (8'0" x 3'9") on ground floor

*The 9 I-Gen new homes will be marketed from January 2008, priced at £77,395. For information and enquiries visit Consorthomes.co.uk.