As home costs proceed to soar to even better heights, many potential consumers are discovering that uprooting themselves from the capital and transferring to areas they’re unfamiliar with is the one approach to get a foot on the property ladder.
For Ovi Toderita, who’s 30, and his spouse Ionela, 28, shopping for their first residence meant relocating over 70 miles from south London to the extra reasonably priced Buckinghamshire city of Aylesbury, the place they found they may get much more bricks and mortar for his or her cash.
They’re now settling in to a three-bed home at Shanly Properties’ Service provider Place growth, below a mile from Aylesbury station.
Previous to discovering their dream residence, Ovi, a undertaking supervisor within the building trade, and Ionela, a affected person co-ordinator, had been renting a one-bed maisonette in Croydon.
‘We’d rented for 3 and a half years and the choice to purchase in Aylesbury wasn’t a simple one, however we knew that it was the perfect factor for us and our one-year-old son, Achim,’ says Ovi.
‘We began our property search wanting in Croydon and surrounding areas corresponding to Beckenham and Bromley, however discovered that probably the most we may purchase on our finances was a second-hand two-bed flat that we must renovate to make it our personal.
‘As Ionela’s household already lived in Aylesbury, we determined to show our consideration to properties in that space, as we thought that farther from London we might be capable to get extra for our cash.
‘For a similar finances, we discovered a model new three-bed home at Retailers Place, which is far larger and simply what we had been in search of.’
The household seen over 100 properties earlier than making their reservation. ‘We had been looking for a house for a very very long time earlier than discovering this one,’ continues Ovi.
‘Retailers Place ticked all our bins, not least as a result of the homes regarded improbable each in and out.
‘Working in building myself, I appreciated that the construct high quality was far superior to any new residence I had seen earlier than, and it was clear that Shanly had spent some huge cash on fixtures and finishings to make it look stunning.’
And he’s pleasantly shocked by the brand new location.
‘I didn’t know a lot about Aylesbury previous to transferring right here, however now we’ve had a little bit of time to find the realm, there’s a lot for us right here.
‘The city centre is nice for purchasing, and as a household we’ve explored Wendover Woods, parks and inexperienced house, and Whipsnade Zoo, which is actually shut by. There are positively loads of locations for folks to get pleasure from in Aylesbury!’
Most of all, he loves the safety that residence possession brings.
‘We’re actually feeling the good thing about proudly owning our own residence slightly than renting,’ he says.
‘An important issue is that our month-to-month funds at the moment are going in the direction of one thing that’s ours, slightly than into another person’s pocket, and we are able to put our financial savings in the direction of one thing that may actually profit us, in addition to our son, sooner or later.’
Retailers Place has now bought out however a couple of one and two-bed residences are left at The Arc, one other growth from Shanly Properties within the coronary heart of Aylesbury.
Every has a non-public balcony or terrace, and costs vary from £187,500 for a one-bed to £259,950 for a spacious 726sq ft two-bed, two-bath condominium with allotted parking, and as all are below £300,000, first-time consumers haven’t any stamp responsibility to pay.
■ shanlyhomes.com
Do the maths
(For a two-bed, two-bath condominium at The Arc)
Buy worth: £259,950
15 per cent deposit: £38,993
Service cost: approx £128pcm
Mortgage: Approx £897pcm
Month-to-month spend approx: £1,025
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