A Busy New Homes Market In A Property Hotspot

Posted 25 February 2021 by Keith Osborne

The WhatHouse? team reports the latest buyer news and information from the popular city of Bristol...

Bristol is one of Britain’s most popular cities, combining a host of features in quality of life, employment, leisure, sport, the arts, culture, heritage, education and connectivity. Matching this variety of assets is the range of homes to consider, which includes a host of new build schemes.

Recent research from Ocean Finance has analysed house prices in 50 of the UK’s largest cities and towns, and comparing them to the prices 20 years ago. Bristol is placed at number five in the list with an increase of 112%, compared to an average of 78%. It is beaten only by Manchester, Leicester, Southend-on-Sea and the City of London.

We’ve brought together some of the most recent news and information on the Bristol new homes market.

Developer Acorn Property Group has secured Help to Buy for all the homes at Alliance House, located in the heart of Bristol’s Old City. Open to first-time buyers and requiring a deposit of 5% and mortgage of 75%, the new version of the government-backed scheme has a property price threshold in the South West of England of £349,000. Prices at Alliance House start at £150,000.

Alliance HouseAlliance House

Launched last year, this is the transformation of the former Dunlop Building on Baldwin Street, which was originally constructed in 1881 as new premises for local wine merchants Dunlop, Mackie & Co. It is now providing 44 studios and one-bedroom apartments, with exposed brick walls to some, and generous windows letting in an abundance of natural light.

Robin Squire, regional managing director of Acorn’s Bristol office, said: “We have already seen high buyer demand for these homes. The confirmation of Help to Buy for every home at this scheme means it is more accessible and affordable for buyers to make the first steps on the property ladder.”

Find out more about current Acorn Property Group developments.

In a northern suburb, Redrow is building Frenchay Gardens and the current phase, called The Limes, offers a host of home types with from one to four bedrooms,. This housebuilder’s Home of the Week is Plot 4053, a one-bedroom apartment which has an open-plan kitchen/dining/family area and views over beautiful open space. This will be ready to move into this spring and can be purchased through Help to Buy. It is priced at £212,995.

Residents will benefit from a range of things such as allotments, sports pitches, play areas and a dedicated primary school.

Frenchay GardensFrenchay Gardens

The Limes offers a choice of four-bedroom townhouses and one- and two-bedroom luxury apartments, all located on Lime Tree Avenue, with views across open parkland to Frenchay Common beyond. This development is just six miles from the vibrant heart of Bristol and also just a short walk from the University of the West of England’s Bristol campus, making them an excellent investment for both parents and landlords.

Find out more about Frenchay Gardens from Redrow.

David Wilson Homes is one of the housebuilders jointly bringing some 2,000 new homes to Yate, to the north of the city, at Ladden Garden Village. Right now, the company is accommodating first-time buyers and those with a current property to sell by offering the new version of Help to Buy and its own Part Exchange initiative. In addition, until June, it is also running a NHS & Armed Forces Deposit Contribution scheme, worth up to £15,000 to qualifying buyers.

David Wilson Homes at Ladden Garden VillageDavid Wilson Homes at Ladden Garden Village

The two-, three- and four-bedroom homes for sale from David Wilson Homes are priced from £268,000 to £520,000. There are a few that are priced under the regional Help to Buy threshold.

In addition to the homes, Ladden Garden Village will have a primary school and nursery, 32 acres of open space, newly planted trees, allotments, play areas, and 4.5km of cycleways, footpaths and new sports pitches. Chipping Sodbury high street is a seven-minute journey, Bristol city centre is 12 miles away and can be easily reached by public transport, and the M4 is just 15 minutes away.

The housebuilder has been seeing the increasing popularity of ‘virtual tours’ but the marketing suite and show homes can be visited by appointment. Find out more about Ladden Garden Village from David Wilson Homes.

Another national housebuilder has started construction on its part of Ladden Garden Village ahead of the first homes being released for sale in May. Bellway South West is building a variety of one-, two-, three- and four-bedroom houses and apartments, with three show homes set to open on the development in the summer.

Bellway Artisan interiorBellway Artisan interior

Once complete, the Bellway development will feature 247 homes, including 86 affordable properties available for local people through Shared Ownership or rent. The new homes will sit alongside public open space, including children’s play areas and three sports pitches.

Sales manager for Bellway South West, Rachel Way, said: “Work is now well underway at Ladden Garden Village and we are planning to release the first homes for sale in May. The new homes, as part of Bellway's Artisan Collection, combine traditional craftsmanship with modern construction techniques. They have been carefully designed to cater to the needs of local people, with a variety of properties available to suit first-time buyers, downsizers, and growing families as well as those looking for a spacious home within easy reach of Bristol and Bath.

Find out more about current Bellway developments in the South West.

Housing provider Abri – a multiple winner at the prestigious WhatHouse? Awards 2020 – will be working in partnership with Bristol City Council to build 74 homes at Lockleaze, a mix of two-, three- and four-bedroom houses and one- and two-bedroom apartments.

The development will provide 50% affordable homes, a significant increase on the usual 30% requested by Bristol City Council. Of these, 17 homes will be available for social rent and 20 for Shared Ownership. The other 37 properties will be for open-market sale.

LockleazeLockleaze

Stephen Lodge, executive director of development and strategic asset management for Abri, said: “We’re delighted to be working with Bristol City Council to provide these new homes. As Lockleaze is a brownfield site, it’s great to be revitalising this unused land, helping to build communities, and address the shortage of homes across Bristol without putting strain on an ever-expanding city.”

The development is due for completion in early 2023. Find out more at www.abri.co.uk.

 

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A Guide To Part Buy Part Rent
Part Rent Part Buy is a scheme you can use with Home Reach where you buy a share of your chosen newly built home and pay a monthly rent on the part you don’t buy. Find your part buy part rent house today!

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