With the National Housing Federation's annual Home Truths 2015/2016 report claiming that there is an acute housing crisis in the East Midlands, and house prices there now seven times the average local salary, most workers in the region would need a significant pay rise to be able to afford an average home.
At the same time, the cost of renting privately is becoming increasingly unaffordable in many areas. This means a lot of professionals and families who are currently living in rented homes are keen to get their foot on the property ladder sooner rather than later.
Last year 8,080 too few homes were built to keep up with demand in the East Midlands – and the National Housing Federation says urgent action is vital if the problem is not to get any worse – as 342,000 new households are expected to form in the region by 2037.
Here we have brought together a range of options for those who are house-hunting in the East Midlands – some of which will fall into the realms of first-time buyers on a tighter budget, and others which are more suited to those moving up the property ladder to a larger home. Look out for Help to Buy on selected homes...
Forest Chase in Leicester Forest East, Leicester (David Wilson Homes)
A wide choice of new homes is available at this development near Leicester, ranging in size from two to five bedrooms, and including both bungalows and traditional homes. Situated next to playing fields and within a 15-minute drive of Leicester city centre, it is ideal for young families.
The location is also popular with commuters is it offers superb transport links -- with the A47 running through the community, running to Hinckley, Birmingham and Leicester. There is also good access to the A46 where it bypasses Leicester, and from there to the M1 and M69.
Leicester Forest East is also home to a good range of facilities including shops, a post office, a bank, a public library, medical centres, pubs, a veterinary surgery, and other amenities.
Prices: From £161,995
Find out more on WhatHouse? ; 01702 416709
Little Stanion near Corby, Northamptonshire (Avant Homes)
Two-bedroom homes with an 'all-inclusive' specification are available in an affordable village location at Little Stanion, surrounded by open countryside yet near the Northamptonshire town of Corby and only about nine miles from Kettering and 23 miles from the county town of Northampton.
Offering easy access to local country walks, cycle paths and play areas, this brand new development also has three primary schools within a three-mile radius, and secondary education provided by nearby Corby Technical College and the newly-opened Priors Haw Academy. When it comes to transport, Corby Railway Station has hourly services to London St Pancras via Kettering and Wellingborough, and the town is located along the A43, A427 and A6003, and is only a short drive from the A14 at Kettering.
The sale price includes a choice of designer kitchen in a range of colours and finishes; a stainless steel oven, hob and extractor; a microwave, dishwasher and fridge freezer; boutique-inspired bathrooms; full height tiling with feature walls to all bathrooms; a choice of finish to internal doors and handles; and walnut inlay with contrasting handrail to staircase – amongst other features.
Price: From £141,995
Find out more at www.avanthomes.co.uk ; 01536 737816
The Lindens in Mountsorrel, Leicestershire (Jelson Homes)
This small development of just nine homes is situated in the popular north Leicester village of Mountsorrel, which lies on the River Soar, just south of Loughborough.
The Lindens offers a selection of three- and four-bedroom semi-detached properties with carpet and floor coverings included, as well as select kitchen appliances, energy-efficient heating and double glazing.
These traditionally-built homes are ideal for commuters, being within easy reach of Leicester city centre (less than eight miles), Loughborough (less than six miles) and the motorway network for travel to the north or south of England.
Prices: From £179,950.
Find out more at www.jelson.co.uk ; 07956 401311
Langley Country Park near Derby (Radleigh Homes)
This country park development offers the best of both worlds for those who want to live in the country but close to the city. It is situated in the midst of lovely Derbyshire countryside, yet is within very easy reach of Derby, less than four miles away.
The development incorporates a choice of two-, three-, four- and five-bedroom homes within the catchment area of the well-respected Ecclesbourne school, and close to easy commuter links to Derby, the A50, Birmingham and other major cities. The second phase has now been released, offering a selection of three-bedroom detached and terraced properties as well as four-bedroom detached homes, many of which are already reserved.
Prices: From £204,950
Find out more at radleighhomes.com ; 01332 608514
Rosewood in North Luffenham, Rutland (Francis Jackson Homes)
Set on the edge of the popular village of North Luffenham, with views across rolling Rutland countryside, Rosewood is made up of just 25 brand new homes on a 2.6 acre site. Now nearing completion, the site has a mix of two-, three- and four-bedroom stone and brick homes, although only one plot remains available. This property will be completed at the end of December 2015, and ready for occupation in January 2016.
The village itself is close to several larger communities, including the market town of Uppingham (five miles away), historic Stamford (seven miles), and Oakham, the county town of Rutland (less than eight miles).
Find out more at www.francisjacksonhomes.co.uk ; 01234 717700
Bishop’s Grange in Higham Ferrers, Northamptonshire (Linden Homes)
The Bishop’s Grange development at Higham Ferrers offers 116 two-, three-, four- and five-bedroom homes in terraced, semi-detached and detached styles. Its two show homes give visitors a feel of just what is on offer at the development, which is perfectly positioned within walking distance of the town centre and its many amenities. These show homes are open from Thursday to Monday, from 10.30am to 5.30pm.
The historic town of Higham Ferrers puts plenty of essentials on the doorstep of the development, from pubs and restaurants to a farmers’ market, a library, a number of schools, and surgeries for doctor and dentist. Northampton and Bedford are around half an hour’s drive away.
Prices: From £155,950
Find out more at www.lindenhomes.co.uk ; 01933 201303
Stretton Glen in Great Glen near Leicester, Leicestershire (Miller Homes)
Stretton Glen's location on the outskirts of Leicester combines the appeal of a village lifestyle with the convenience of being close to the city. Incorporating a range of contemporary homes less than a mile from the A6 and only 20 minutes from Leicester, the development is also close to a good range of local village amenities including a primary school, shops, a post office, a hairdresser, a library, pubs, a GP surgery and a dental practice.
Prices: From £189,950
Find out more at www.millerhomes.co.uk ; 0808 250 4657