Latest Shared Ownership Homes Launch At Beaulieu

Posted 17 November 2020 by Keith Osborne

L&Q releases a new collection of one- and two-bedroom apartments in Essex, available to purchase through Shared Ownership...

On Saturday 21 November, L&Q releases its latest collection of Shared Ownership homes at Beaulieu, the growing, renowned residential neighbourhood just outside Chelmsford.

Essex house-hunters will be able to learn more about the 24 new one- and two- bedroom homes being released. There are 15 one-and two- bedroom apartments available through Shared Ownership (part buy-part rent) and a further nine apartments launching in December.

Sales and customer service director for L&Q’s Counties region, Christine Osborne, commented: “Beaulieu is a highly successful suburban community that we are excited to be a part of. We’re seeing interested buyers from within Chelmsford and surrounding towns of Essex moving into Beaulieu for its idyllic suburban location, surrounded by acres of open space and convenient links into central London. We are continually inundated with interest from first-time buyers looking for their starter homes that is both affordable and part of a great welcoming community at Beaulieu.”

City workers love Beaulieu, a joint venture between L&Q and Countryside, because Chelmsford railway station is just three miles from the development, with trains reaching Stratford in just 25 minutes and London Liverpool Street in 34 minutes. Connections are only set to grow as Beaulieu will benefit from its own rail station, offering direct links into London. In addition, a new relief road will connect residents directly to the A12, and surrounding roads provide convenient access to Stansted international airport – a 16-mile journey via the A130. Eventually, there will be some 3,600 homes in this new Essex district.

BeaulieuThere is no shortage of entertainment and health facilities closer to home. Chelmsford has been awarded the Purple Flag award for its fun and welcoming nightlife – local favourites include The Golden Fleece and The Orange Tree, loved for their selection of cask ales and excellent food. Beaulieu will feature 180 acres of open green space that ranges from open meadows to manicured gardens. For those looking to keep fit, the new Riverside Ice and Leisure Centre boasts two pools, an ice rink, and a number of sports clubs for all ages.

L&Q’s homes come with integrated kitchens featuring Electrolux and Zanussi appliances. The contemporary bathrooms are fitted with white sanitaryware and ceramic tiling, while the carpeted master bedrooms have ample storage with built-in mirrored wardrobes. Every home will have at least one allocated parking space.

Prices start from £53,750 for a 25% share of a one-bedroom apartment (full market value £215,000) and £70,625 for a 25% share for a two-bedroom home (full market value £282,500).

Coming in Spring 2021, L&Q are set to launch The Arbour, a collection of 255 homes available through Shared Ownership. The homes will be a mix of one- and two-bedroom apartments, and two-and three-bedroom houses, which will be a natural extension of the existing community in Beaulieu and will be offering a high specification as standard. There are no added or hidden costs for the inclusion of carpets, fittings and essential appliances, ensuring homes are fully equipped for buyers as soon as they move in. Once a buyer purchases an L&Q home, L&Q will continue to manage the home and neighbourhood, supporting its residents every step of the way.

Find out more at lqhomes.com.

 

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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. Your budget will decide the size of the share you buy, rather than the size of your home. So, you might decide to buy a bigger share of a lower priced home or a smaller share of a more expensive home.

You are able to purchase your share in either cash savings or by taking out a mortgage. If you are taking out a mortgage to finance your share, you will need to allow for a minimum of 5% deposit. The larger your deposit (typically 10%) the lower your mortgage repayments are likely to be.

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