The East Midlands has seen rental prices soar since last autumn, leaving the region with higher rents than ever before – and giving many tenants the incentive to take their first step onto the property ladder.
According to the latest Buy-to-Let Index from Your Move and Reeds Rains, average rents in the East Midlands are up 8.5% on the same point last year – breaking through the £600 per month threshold, and showing the biggest leap across the whole of England and Wales.
For those who are considering buying their first home, or even moving to a larger property, we have found some brand new developments in the East Midlands with current availability. This selection includes homes in Derbyshire, Northamptonshire, Leicestershire, Nottinghamshire and Lincolnshire…
Masefield Park in Holmewood near Chesterfield, Derbyshire (MJ Gleeson)
Just two-and-a-half miles from junction 29 of the M1, Masefield Park is in the perfect spot for commuters to Chesterfield, Sheffield or Nottingham. There are also several bus routes running close to the development, including services to Chesterfield, Alfreton, and various local villages.
Holmewood is a small village with a selection of local shops, a supermarket, a local library and pubs close by. Only ten minutes' drive away the lively town of Chesterfield hosts weekly markets and is home to high street stores, retail parks, a cinema, pubs and bars.
The surrounding area also offers plenty of nature-based activities, such as Holmewood's Five Pits Trail, which offers a series of cycling and walking routes through the countryside.
Prices: From £121,995
Find out more at www.gleeson-homes.co.uk ; 07773 580668
Ladywell Park in Wellingborough, Northamptonshire (Barratt Homes)
Situated close to Wellingborough town centre, and only a hundred metres from Wellingborough Train Station, Ladywell Park is within striking distance of a whole host of major cities such as Birmingham, Peterborough and Leicester, as well as the local towns of Market Harborough, Bedford and Milton Keynes. London St. Pancras is also less than an hour away, making Ladywell Park ideal for commuters and young professionals.
With a choice of two- and three-bedroom homes, there are options for first-time buyers and families, with a good range of amenities close by including a wide choice of nurseries and schools, supermarkets and leisure centres.
Prices: From £165,995
Find out more about Ladywell Park from Barratt Homes
Primrose Hill in Mountsorrel, Leicestershire (Charles Church Developments)
Ideal for buyers seeking a semi-rural lifestyle in a sought-after location, Primrose Hill is situated in the village of Mountsorrel and currently has a variety of three- and four-bedroom homes available.
There are convenient local shops and leisure facilities right in the village, as well as a primary school, and a kindergarten for younger children. The village is located just off the A6 between Leicester (20 minutes' drive away) and Loughborough (15 minutes) – offering excellent links to a whole host of further amenities and employment opportunities, while Sileby railway station is two miles away, offering direct services to Leicester and London.
Prices: Starting from £219,995
Find out more about Primrose Hill from Charles Church Developments
Woodhouse Park near Nuthall, Nottinghamshire (David Wilson Homes)
This new community currently has three-, four- and five-bedroom bungalows and family homes available just five miles from Nottingham city centre, and a short drive from the M1 at junction 26 - yet perched on the edge of peaceful open countryside.
Perfect for families and professional couples who want a balance of city and country living, Woodhouse Park is approached along tree-lined roads and is interspersed with play areas and green spaces, as well as being close to larger local parks and Harvey Hadden Sports Village.
Close by, Nottingham is a vibrant city packed with shops, cultural venues and places to eat, as well as major attractions such as the city's famous castle.
Prices: From £229,995
Find out more about Woodhouse Park from David Wilson Homes
Countess Manor in Moulton, Northamptonshire (Taylor Wimpey)
Just a short stroll from Moulton's thriving village centre, Countess Manor is in a great location bordered by lovely countryside, yet just five miles north of Northampton's town centre.
Offering a collection of three-, four- and five-bedroom houses, the development benefits from a tree-lined setting close to primary and secondary schools; village amenities such as shops, pubs and a post office; and the A43 road for easy access to the A14 and M1 – while Northampton railway station provides good local services and regular trains to London Euston and Birmingham New Street.
Prices: From £274,995
Find out more about Countess Manor from Taylor Wimpey
Minster Fields in Lincoln, Lincolnshire (Taylor Lindsey Homes)
This exclusive development incorporates a collection of traditional two-, three-, four- and five-bedroom homes with high specifications, in 12 different designs, offering options for first-time buyers right through to large families.
Situated on the north-eastern side of the city, just two-and-a-half miles from the centre, Minster Fields is well-located for a whole host of local shops and amenities, including well-regarded schools and transport links. The final development will incorporate a total of 374 homes to be constructed in four phases. The show home, a four-bedroom detached house of the “Milton” type, is available for viewing by prospective buyers.
Find out more at www.taylorlindseyhomes.co.uk ; 01522 512200