Spacious townhouses at Farnborough Central

First-time buyers in the south east struggling to get onto the property ladder may now have a solution. Redrow Regeneration is participating in the new Homebuy Direct scheme, a Government initiative specifically aimed at first-time buyers, at their landmark Farnborough Central development at Farnborough Airfield, Hampshire, where Knight Frank is marketing a selection of apartments and houses.

The scheme is available on the few remaining three and four bedroom new build townhouses which are soon to be build-complete. With the HomeBuy Direct scheme* buyers pay just 70% of the purchase price now, making it attractive to a wider audience as buyers just have to raise a mortgage on this amount. Furthermore there is no interest on this 30% equity loan for five years, and you will still have 100% title to your home and you can sell it on the open market without restriction.

Farnborough Central is a 12 acre residential development that will eventually comprise a mix of 476 new homes including new and refurbished apartments and town houses. Central to the development is a 250 ft long airship hangar frame which provides a striking piece of historic architecture, and the sites’ design has been influenced by Farnborough’s aviation connections.

Charlie Rosling, of selling agent Knight Frank, commented: “The development of Farnborough Central has proven especially popular with first time buyers, and now the new HomeBuy Direct scheme should really make it more accessible to an even wider audience, who may have otherwise not been able to get onto the property ladder. The superb houses feature a contemporary design ideal for first time buyers or anyone starting over fresh, currently living in rented accommodation, or who needs more room for an expanding family.”

The three and four bedroom townhouses vary in size and layout and include a mix of two and three storeys. All have a kitchen and separate living / dining area to the ground floor, with bedrooms and bathrooms on the first and second floors. In the Moorhouse, which is soon to be released, a three bedroom townhouse, the top floor is entirely dedicated to the master bedroom suite and includes an ensuite bathroom and dressing area. Kitchens are fitted with integrated fridge/freezer and stainless steel single oven, whilst bathrooms feature Ideal Standard sanitary ware with chrome effects.

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 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. Alternatively, for rest and relaxation, Yateley Common Country Park which has 476 acres of heathland, woods, grasslands and ponds is nearby.

Purchasers eligible for the HomeBuy Direct scheme can therefore purchase a three bedroom townhouse at Farnborough Central from just £174,965 (full market value £249,950) and a four bedroom townhouse for £181,965 (full market value £259,950).

For further information, visit knightfrank.com.

* The Homebuy Direct scheme: As long buyers have a household income of less than £60,000 per annum they are eligible.