New Homes for sale at Kingsbridge Fields
Grŵp Gwalia’s affordable housing arm - Gŵyr Homes, is working with Persimmon, one of the UK’s largest new homes providers, to offer 11 new build homes.
Gŵyr Homes have a range of 2, 3 and 4 bedroom homes to buy on the Kingsbridge Fields development at Loughor Road, Gorseinon from £87,500.
Houses are available to buy at an affordable price, in this instance home buyers would pay 70% of the open market value of the property. There is no equity share or second charge arrangements with these properties. However, the home owner can pay what is call an 'affordable housing contribution' which equates to 30% of the open market value to the City & County of Swansea to be able to sell the property at open market value, although there is no obligation on the owner to do this.
High mortgage rates, large deposits and lower incomes have made home ownership increasingly difficult for many individuals and families. Providing new build homes at 70% of the market value allows first time buyers to get onto the property ladder.
Stuart Davies, Executive Director of Property Development and Management said: “We are delighted to be working with Persimmon to deliver affordable homes to individuals and families. We understand that getting onto the property ladder can be difficult. We want to help those who are unable to buy on the open market; breaking down those barriers and to give people the opportunity and a sense of security of owning their own home.”
The properties will be completed in three phases, with the first phase of 3 bedroom homes to be completed by Feb 2014.
Interested parties can register to the Gŵyr Homes’ mailing list or call 01792 488250 for more information. An open day has been scheduled for October (date TBC) with applications to open at the same time.