Graylingwell Park Proves It Really Can Be Affordable To Buy In Chichester

Linden Homes, Affinity Sutton and the Homes and Communities Agency – the partnership behind the UK’s largest carbon neutral development, Graylingwell Park – is today responding to research from property listing site, Adzuna[i],[ii] that claims Chichester is the least affordable place in the UK for locals to buy a home.

Adzuna undertook its research by calculating the mortgage a couple could afford, based on earning average salaries (£25,801), with a 25% deposit and borrowing 2.75 times their joint salary. It then worked out that just 11% of the homes listed for sale in Chichester were available within this price bracket.

Natalie Flint, sales director at Linden Homes, comments: “With the average house price in Chichester over £390,000 this is not surprising news. However, there’s a range of affordable options to help local people get on the property ladder here.”

Linden Homes is offering Help to Buy on a selection of properties within the latest collection of homes, Nightingales at Graylingwell Park.  This government initiative, announced as part of the 2013 budget, enables purchasers to buy a new home for just 80% of the price, with just a 5% deposit. The remaining 20% is a loan from the government which is interest free for the first five years.

Natalie Flint, continues: “Help to Buy is available to ALL homebuyers – from first time buyers to downsizers – and is offered on all new homes up to the value of £600,000, well over the average house price in Chichester!”

This is not the only affordable way to get onto the property ladder at Graylingwell Park as Yvette Ruggins, sales director at Affinity Sutton, explains: “We also have a range of properties available to purchase through shared ownership.”

Set within 85 acres of parkland, Graylingwell Park is the UK’s largest carbon-neutral development. It has environmental sustainability and community at its heart. Offering high quality, energy-efficient homes, with striking architectural design and contemporary interiors, it’s set in stunning landscaped surroundings, just one mile from Chichester’s historic city centre.

With regular train services to London and the close proximity to the south coast, buyers really are offered the best of all worlds.

A selection of newly built and refurbished apartments and newly built houses are currently on offer to buy outright or with Help to Buy through Linden Homes or through shared ownership from Affinity Sutton.

For more information on the homes for private sale contact Linden Homes on 01243 781494.

For more information on the homes available for shared ownership contact Affinity Sutton on 0300 100 0303 or visit www.affinitysutton.com

[i] http://www.adzuna.co.uk/

[ii] http://www.thisismoney.co.uk/money/mortgageshome/article-2390002/Most-affordable-places-buy-home-Chichester-Oxford-worse-London.html

The new homes at Graylingwell Park.
 
The new homes at Graylingwell Park.
The new homes at Graylingwell Park
in Chichester.

Further media information: Nikki Ackerley/Emma Stevens, Property House Marketing, 01483 561119, emma@housegroup.co.uk

[i] http://www.adzuna.co.uk/

[ii] http://www.thisismoney.co.uk/money/mortgageshome/article-2390002/Most-affordable-places-buy-home-Chichester-Oxford-worse-London.html

16 August 2013

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All images are used for illustrative purposes only and are representative only. They may not be the same as the actual home you purchase and the specification may differ. Images may be of a slightly different model of home and may include optional upgrades and extras which involve additional cost. Individual features such as windows, brick, carpets, paint and other material colours may vary and also the specification of fittings may vary. Any furnishings and furniture are not included in any sale. Please check with our sales representatives for details of the exact specifications available at the development(s) for each type of home and the associated prices.