If you earn £17k you can buy new in Newmarket

Those earning £17,000 a year may be surprised to hear they too can afford a new home in Newmarket.

Thanks to rural housing provider Hastoe Group, first time buyers can choose from its collection of one bedroom maisonettes now available. From just £46,500 for a 30% share, the collection of properties are ideal for first time buyers who could otherwise not afford to purchase a new home on the open market.

To put this in perspective, the cost per month to live in one of the fantastic new properties is just £551.76. With average rental prices for a one bedroom property in Newmarket at £724* a month, purchases can potentially save over £150 a month as well as owning part of their property.

Mellissa Toomey, Head of Marketing and Communications at Hastoe Group comments: “This is a great opportunity for those with lower incomes to get onto the property ladder in Newmarket. There is a huge misconception in the market place that those on the lower end of the income scale cannot afford a property of their own. With shared ownership they can afford to purchase 30% of a property initially with the option to purchase more in the future should they wish.”

Each property is designed over two floors with a spacious open plan living area which leads through to the fitted kitchen and dining room. A three-piece bathroom suite and store-room complete the downstairs accommodation, while upstairs there is a spacious bedroom.

Newmarket is a unique and historic market town. Horseracing and Breeding are very important for Newmarket. It has many fine listed buildings, attractive shopping, varied recreational facilities and a variety of hotels, restaurants and cafes.

Located between Cambridge and Bury St Edmonds, Newmarket is well situated to take advantage of attractive villages and countryside which surround the town. The new homes by Hastoe are located just a short walk from Newmarket railway station, where residents can easily get to London or other large towns including Ipswich, Norwich and Peterborough.

For further information on the apartments visit: hastoe.com

* According to nestoria.co.uk.