New homes for sale in Croydon are appearing on the property market on a regular basis. After all, this booming South London borough is fast becoming the place to live in London’s commuter belt. It offers a great deal for both the commercial and residential sectors and is set to continue its rapid growth over the next few years. If you’re unsure and need some inspiration before you begin your search for new homes for sale in Croydon, read on.
The inspiration comes from two places – Inspired Homes UK and our stunning apartments and the story of Toni and Jack. Firstly, Inspired Homes. We have been building new homes for sale in Croydon for a few years now and have a number of fantastic developments in the town – either completed or under construction. We take old Croydon buildings and turn them into amazing living spaces that truly inspire. Stunning, creative design coupled with fine finishing and top quality brands, we make modern homes to be proud of. Inspirational living.
Step in Toni and Jack, looking for new homes for sale in Croydon – this trendy, hip and buzzing London borough. And with the help of Inspired Homes and Help to Buy, they now have that home. Toni had been living rent-free with her parents in order to save for a deposit for her first home. Jack was struggling to get a mortgage as his new business didn’t have three years accounts to show.
Step in Help to Buy. A small deposit and an equity loan from the government and Toni and Jack were able to get a mortgage for £145,000. Their expected monthly repayments will be around £650-700, much less than the average Croydon rental of £1,000-1500 per month.
“We’ve been saving for about a year with the intention of getting on the property ladder by the end of 2016; we’ve managed to pull together a deposit of £27,000 which includes financial contributions from our families,” says Toni, “When we heard the government was extending the Help to Buy scheme to Greater London and increasing their contribution to 40%, we realised we could be in our own place much sooner than expected. But we knew we’d have to act quickly in order not to be priced out of Croydon where demand is high and where house prices are rising very quickly.”
Having grown up in the area, the young professionals wanted to focus their search on homes for sale in Croydon. Aware of the superfast transport links into Central London and the regeneration program underway in the town, Croydon is a savvy choice for first time buyers. Their investment is likely to generate much more capital growth over the next few years compared to nearby areas.
So Toni and Jack’s search for new homes for sale in Croydon, led them to Inspired Homes. They are buying a one bedroom flat in the luxury Canius House development. This high tech flat, with high tech fixtures is perfect for the young couple. And they will also have access to the Sky Garden – BBQ, table tennis, WIFI ready lounge, social area – in nearby Inspired Homes Development, Green Dragon House.
“It’s nice to know there is a community feeling in an apartment development, something we assumed would be missing”, adds Toni.
So there we are. An inspirational story that ends in a happy couple in an Inspired Homes development. If you are beginning your search for new homes for sale in Croydon and need some advice and guidance, please get in touch. You can find out more about Help to Buy here.