First time buyers land a good deal

It is widely reported that first time buyers are struggling to get onto the property ladder, particularly in the south east, where prices have risen out of the reach of many.

However, at Farnborough Central, a Redrow Homes development in Farnborough, Hampshire, Knight Frank is selling one bedroom apartments priced from £175,000, almost £100,000 less than a comparatively sized apartment in Guildford, which is just 20 minutes away.

Paul Hogarth, Partner and head of new homes sales and marketing for Knight Frank South East, says: “Farnborough is an area which is on the up, so prices are comparatively lower than established towns, such as Guildford, yet it shares many similar benefits, for example, commuting times from both Farnborough and Guildford railway stations to London are the same, at approximately 40 minutes.

“Farnborough Central is part of the wider regeneration of Farnborough airfield which includes a new business centre, contemporary offices, a café-bar, and a hotel and leisure complex, so the development is set to benefit hugely from the new facilities. First time buyers who get in early should reap the rewards the longer term prospects bring.”

Farnborough Central is a 12 acre residential development located on Farnborough Airfield, Hampshire, which will eventually comprise a mix of 476 new homes including new and refurbished apartments and town houses. The first phase, Cathedral Court, includes 32 one and two bedroom apartments and duplexes in a conversion block which reflects the art deco period. Inside, contemporary interiors are designed to complement their historical surroundings.

Apartments include spacious, open plan kitchen / living areas with full height windows which create a light and airy feel. Kitchens are fully fitted with an integrated dishwasher, fridge/freezer and washer/dryer. One bedroom apartments have a separate bathroom, whilst the two bedroom apartments incorporate an additional ensuite to the master bedroom. In all apartments, the master bedroom has fitted wardrobes. Bathrooms are fitted with white sanitary ware and chrome effect taps, as well as full height tiles to wet walls.

Farnborough Central benefits from excellent communication links. Junctions 4 and 4a of the M3 are within easy reach, and Farnborough railway station is approximately two miles away, with services to London Waterloo (approx 40 minutes) and Bournemouth, via Basingstoke.

Farnborough itself offers plenty of leisure and entertainment opportunities with three shopping centres, a wide range of pubs and bars and the largest leisure centre in Hampshire.

Prices at Farnborough Central are from £175,000 for a one bedroom apartment and from £215,000 for a two bedroom apartment. For further information, visit the website Knightfrank.com.