First time buyers snap up 80% of homes at new Faversham development

80% of homes at an exciting new Faversham development have been snapped up by first time buyers.

Hyde New Homes’ The Goldings (hydenewhomes.co.uk/the-goldings-at-faversham) offers a boutique collection of 26 homes, which have proved so popular with those seeking to break onto the property ladder that now just 6 properties are available.

The impressive statistic no doubt gives hope to priced out home hunters in the area, who are able to benefit from the development’s shared ownership scheme.

Current availability includes a choice of 3-bedroom detached and semi-detached houses, with full market value prices starting from £380,000. Using the shared ownership scheme, purchasers can opt for a 40% share available for £152,000 using a lower 5% deposit of £7,600.

Typically, the average house sells in Faversham for £356,114, while rental prices average at £1,119.32 pcm.

Minnie Dando, Head of Sales and Marketing, said: “Stepping onto the property ladder is something many of us strive to achieve and Hyde New Homes can make that dream easier thanks to shared ownership.

“It means buyers can have access to excellent quality, spacious homes in great locations without going over budget. Not only is this good value for money, but it’s also a great investment too, and it helps more young people and first-time buyers into their own homes.

“Shared ownership also gives people the chance to own their homes earlier. It requires a smaller deposit so less time is needed to save. It means they can be brought out of rental properties with high rents and reduce their outgoings, at the same time as achieving that dream of home ownership.”

The Goldings is suitable for first time buyers, young families and relocators and offers a “village vibe” located on the outskirts of the medieval market town of Faversham.

The semi-detached and terraced homes have been built to a high standard in the typical “Kentish” style and combine the best of two worlds – all the creature comforts of contemporary living and a strong connection with the natural environment.

For commuters, there is ample opportunity to travel to key towns and cities by car, while Faversham train station, just 1.4 miles away, offers frequent services to Canterbury, Dover, Margate, Ramsgate, Ebbsfleet International, Stratford International, London St Pancras and London Victoria.

For more information about The Goldings at Faversham, please visit hydenewhomes.co.uk/the-goldings-at-faversham