Despite the uncertainty that has been surrounding the property market over the last few years, as we head towards Spring, there are definite signs that it is beginning to turn. There is a growing appetite amongst home buyers in the South West according to regional housebuilder CG Fry & Son.
The developer, which is building across the South West including Chagford in Devon, has seen a rise in enquires over the last few months and is expecting this to continue.
“Help to Buy continues to be a factor for people looking to take a step onto the property ladder, either for the first time or second,” explains Caroline Hill, Sales and Marketing Director for CG Fry & Son, “and we are seeing many of our buyers taking advantage of the scheme to enable them to purchase their new home.”
In a reflection of the improved market sentiment that’s being reported by surveyors and estate agents across Devon and the South West, The Bellacouch Meadows development in Chagford is proving popular with buyers. It comprises 93 homes, that are a mix of two-, three- and four-bedroom properties. With the current prices starting from £330,000 all of these homes are priced below the threshold of £600,000 which qualifies them for the scheme.
Bellacouch Meadows is the result of extensive collaboration with the local community, Parish Council and Dartmoor National Park Authority and has been carefully designed to fit the strong character of this historic former stannary town. Such is the commitment to quality by CG Fry & Son that the developer has also made use of local materials, such as granite, in the build.
Caroline Hill continues, “Help to Buy is scheduled to end in 2021 for all buyers and in 2023 for first time buyers. For those who are looking to purchase, there is an excellent mix of house sizes and type at Bellacouch Meadow, and there really is something for everyone, from first-time buyers to growing families and downsizers.”
Under the Help to Buy scheme buyers can secure their home with a five per cent deposit and a 75 per cent mortgage. The remaining 20 per cent is paid off by the Government as an equity loan, which remains interest free for five years.
Chagford, with its eclectic mix of shops, cafes, restaurants and facilities is a few minutes’ walk via an inter-connecting network of streets, making this a wonderfully accessible neighbourhood. The development is opposite the newly built Chagford Primary School, while Okehampton College is around 12 miles away, with school bus services running from the town.
For more information call 01647 407003, or visit www.cgfry.co.uk