Top of the Props: Our pick of the best new homes for sale in Nottinghamshire
Last year was a good one for the Nottinghamshire property market, with Land Registry figures showing that prices increased by over 10% in 2014.
Of course, this is really only good news if you already own a home, but data from the government also shows that the Help to Buy scheme has been used in around one in ten home sales in the East Midlands to date, so those getting onto the property ladder are certainly making the most of the assistance available.
Paul Sweeney, director at estate agent Robert Ellis, told the Nottingham Post earlier this year that many first-time buyers are overlooking smaller homes to get on the property ladder in a larger property. He said: “Changes to stamp duty will help this, with a £130,000 house only having duty of £100 compared to £1,300 before.”
Savills is predicting property prices in the region to increase by over 20.4% by 2019. Its figures show that 90% of buyers in Nottinghamshire are owner-occupiers, most of them upsizing, with investors making up 7% of total property purchases.
David Wilson Homes – Woodhouse Park, Nottingham
Woodhouse Park is a new community of three-, four- and five-bedroom family homes, located five miles from Nottingham’s vibrant city centre. Moments from the M1 yet on the edge of open countryside, this is a location where residents can enjoy the balance of city and country living.
As well as being ideally located for commuting and easy access to Nottingham city centre, there is a good selection of everyday shops available close by, including a convenience store, chemist, hair dressers and takeaways. A wider range of shops is available in nearby Bramcote and the closest supermarket is just a short drive away in Kimberley.
Prices at Woodhouse Park currently range from £324,995 to £405,995.
Find out more at www.dwh.co.uk ; 0844 811 5544
Rippon Homes – Heathside Gardens, Mansfield
This collection of three-bedroom homes in Mansfield could be an ideal choice for anyone looking to start or expand their property investment portfolio. With prices starting at £114,950, and based on tenants paying the going rental value of £550 per month, Rippon Homes says investors can expect a rental yield of 5.74%. This is higher than the average high street savings account and certainly some bonds being offered for long term investment.
Ian Dyke, managing director of Rippon Homes, says: “As the biggest ever shake up of pensions draws closer, the property industry is predicting a boom in buy-to-let investments. Banks are currently offering some of the worst rates we’ve ever seen, so it’s no surprise that people are looking elsewhere for a better return on their money. Buy-to-let is now being viewed as a serious alternative to purchasing an annuity, because it offers much more flexibility and a good yield, particularly in Nottinghamshire. We’ve certainly seen an increase in enquiries from individual investors in recent months and this is something we expect to grow after 6 April.”
Find out more at www.ripponhomes.co.uk ; 0800 169 7644
Barratt Homes – St Michael’s View, Farnsfield
Set in the quaint village of Farnsfield, surrounded by Nottinghamshire countryside, St Michael's View is an 88-home development which will feature a mix of two-, three-, four- and five-bedroom homes.
The development offers purchasers the best of both worlds; it is located in a traditional rural village, while not being too far away from Mansfield, Newark and Nottingham. There are acres of Nottinghamshire countryside surrounding the development, making this rural spot ideal for the family. St Michaels Church of England Primary School is less than a mile away and has a good reputation.
Nottingham is just 14 miles away, where you will find a superb range of shops, from high street stores to designer boutiques. After shopping you can visit one of many bars/restaurants on offer with an impressive choice of places to eat at.
Find out more at www.barratthomes.co.uk ; 0844 556 6166