New Homes In Somerset For £200,000 Budget

Posted 9 November 2020 by Keith Osborne

Buyers on a £200,000 budget can find an excellent array of new homes to consider across Somerset...

Somerset is a county that offers a lot to homebuyers with its range of rural and urban settings, tradition and re-generation, and some excellent transport links. For house-hunters on a limited budget, it also offers a great range of brand new homes to consider right now.

It’s a great time to act to secure a new home whether you are a first-time buyer or moving from a current home, as right now there’s a Stamp Duty holiday, the availability of Help to Buy, and for some homes, there's a chance to part buy-part rent. Between them, these things can save money and require a smaller deposit and mortgage.

£200,000 is considerably less the national and county average property prices but there are some excellent new build homes available.

 

Two-bedroom house, from £200,000, Wells

The AmberleyPriory Fields is a development on the outskirts of the beautiful medieval city of Wells. ‘The Amberley’ is a house type with open-plan kitchen, dining area and sitting room with French foors to the rear garden, downstairs cloakroom, two double bedrooms and a bathroom. Find out more from Bovis Homes.

 

Three-bedroom house, from £175,000, Langford

 ‘Elsenham’Langford Fields, on the edge of the Mendip Hills . has an impressive range of three- and four-bedroom homes. Thanks to the Home Reach scheme, which allows qualifying buyers to purchase half the home and pay rent on the other half, the spacious ‘Elsenham’ house type starts well under £200,000. It has a kitchen/diner, separate living room with access to the rear garden, downstairs WC and upstairs, a bathroom, two double bedrooms (one with en suite and built-in wardrobes) and a single bedroom. Find out more from Crest Nicholson.

 

Two-bedroom house, from £200,000, Wincanton

The RipponWithin walking distance of the town centre is Cales Reach. The semi-detached ‘Rippon’ house type has a WC of the hall, a lounge, separate kitchen with doors to the garden and two bedrooms, each with its own en suite (one with bath, one with shower. Find out more from Cavanna Homes.

 

Two-bedroom house, from £199,995, Weston-super-Mare

Plot 64Located on the outskirts of Weston-super-Mare, The Beeches is a development with one-, two-, three- and four-bedroom homes. Plot 64 has an open-plan kitchen/dining/living room with French doors leading to the garden, a downstairs WC, family bathroom and two bedrooms. Find out more from Persimmon Homes.

 

Two-bedroom house, from £179,995, Bridgwater

The ElmPhase 2 has been released at The Parade, a development just five minutes from the town’s station. Off the hallway of ‘The Elm’ is the kitchen/dining room and at the rear, the living room with French doors. Upstairs are the family bathroom and two double bedrooms. Find out more about Keepmoat Homes.

 

Two-bedroom house, from £88,000, Wells

Bishops GreenBishops Green is only two miles from the city centre and currently there’s a terrace of three two-bedroom homes available on the Shared Ownership scheme from Aster Group. This is a way of purchasing a proportion of your home (in this case a minimum 40% – on the market, these would start from a full price of £220,000) and paying subsidised rent on the rest. These houses have a dual-aspect, open-plan living/dining and kitchen area with garden access, and a downstairs WC, a large double bedroom with storage space at the front and a second double bedroom at the rear. The main bathroom is located between them. Find out more at www.aster.co.uk.

 

Three-bedroom house, from £120,750, Wedmore

Plot 41The village-based development of Cross Farm has a number of homes for sale through Shared Ownership, the largest being Plot 41, a three-bedroom semi-detached home in an appealing contemporary design. Buyers can start with a 35% share of this home, which has a full market price of £345,000. It has an open-plan living/dining room with French doors at the rear, a separate kitchen, cloakroom, a double bedroom, two single bedrooms and a family bathroom. Find out more at www.livewest.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. 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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