The amount needed for a home deposit has recently increased to an average of £59,000. This can be unattainable for many, especially first-time buyers. To help solve this problem, St. Arthur Homes has released a new collection of Shared Ownership homes at Watch House Green. The development is situated in the prime Essex location of Felsted and offers buyers the opportunity to own a stylish, high-quality home with a deposit starting from just £7,438.
St Arthur Homes aims to help first-time buyers through the Shared Ownership scheme by providing them with a more affordable route onto the property ladder. The development gives potential buyers the opportunity to purchase a smaller share of a property, ranging between 35%-50%, and pay a subsidised rent on the remainder. Buyers are able to increase their share at any time, all the way up to 100%.
Watch House Green comprises a charming selection of two and three-bedroom houses and occupies a prime setting between Braintree and Great Dunmow. It also lies on the north bank of the River Chelmer and is ideal for first-time buyers seeking the best of both worlds. Felsted village has many local amenities for residents to enjoy, and there is a selection of shops, cafes and pubs nearby the development. The houses are surrounded by beautiful countryside, and for a livelier atmosphere, Braintree and Chelmsford are also close by. Felsted is also a great location for young families, as it has some of the best Ofsted-rated schools in the country. Felsted Primary School is a five-minute walk from the development, and Felsted School is one mile away, offering education for pre-prep to Sixth Form age.
Louise Mills, Sales & Marketing Director for St. Arthur Homes, comments:
“At St. Arthur Homes, we are passionate about providing affordable homes that are uncompromising in both style and location, and our new collection of Shared Ownership homes at Watch House Green are no exception. Felsted is a thriving Essex village that has become a popular choice amongst first-time buyers seeking value for money; without sacrificing the home they want or access to London. We would urge prospective purchasers to register their details as soon as possible to avoid disappointment.”
For those that enjoy a spot of retail therapy, Braintree Village shopping outlet is a 12-minute drive away and offers more than 75 shops and restaurants to choose from. Lakeside Shopping Centre is 50-minutes away from Watch House Green and is home to more than 300 shops, restaurants and leisure attractions.
The area is well-connected, and the A120 is less than five minutes away, connecting residents to routes into London via the A12 and M25. Braintree Station is also nearby and provides regular services into Liverpool Street and Stratford.
Prices for Shared Ownership homes at Watch House Green start from £150,750 for a 45% share of a two-bedroom house priced at £335,000. For further information, visit www.starthurhomes.com or call 020 7224 3066.