Case Study: St Mary’s shared ownership open day leads to a first home and engagement for young Wantage couple

Laura Butler, 23, and her now fiancé Jordan Molyneux, 23, had decided it was time to move out of their respective parental homes and look at getting onto the property ladder. So after registering their names on the Homebuy4u website they were invited to the open day at the nearby shared ownership development by Thames Valley Housing, St Mary’s.

Laura, a trainee accountant working in Wallingford, explains, “We knew we wouldn’t be able to buy on the open market because we wouldn’t be able to get enough deposit together so we registered on the Homebuy4u website (www.homebuy4u.co.uk).

“Not long after, we were invited to the open day at the show apartment which was very useful. There were lots of people from Thames Valley there to answer all the questions we had. The show apartment was very nice and well decorated in simple neutral colours, the layout of the property was also very good.

“Since we are both from Wantage and work nearby, Jordan is a carpenter in Wantage, we wanted to stay in the area. By registering with Thames Valley Housing we are now able to get on the property ladder without asking for help from our parents.”

Laura and Jordan were offered the opportunity to buy a two-bedroom, two-storey duplex apartment in the first release at the new development St Mary’s in Wantage. Not only does this individual property have its own front door, but on the ground floor Laura and Jordan will have a large reception room, separate kitchen and a downstairs WC. Upstairs the couple will have a master-bedroom with an ensuite bathroom, a second bedroom and a second bathroom.

When re-visiting their new home Jordan proposed to Laura and the young couple are now looking at a 2012 date for their wedding day.

St Mary’s is a development of one, two and three-bedroom apartments as well as two, three and four-bedroom houses available through the New Build HomeBuy scheme. New Build HomeBuy is a government-led part-buy, part-rent initiative, aimed at helping first time buyers, and those looking for help to buy their own home, get on the property ladder affordably. To apply to the scheme, purchasers need to have an annual household income of between £18,000 and £60,000, and can register with their local HomeBuy Agent.

The first phase of the development has now completely sold out, but phase two is due for release in Spring 2010 and Thames Valley Housing are already taking enquiries. The second phase will include three and four-bedroom houses as well as one to three-bedroom spacious refurbished apartments. Prices to be confirmed.

 

Built by Berkeley Homes, each property at St Mary’s will be finished to an exceptional standard with floor coverings throughout and fitted kitchens including fridge / freezer and washer / dryer, oven, hob and extractor hood, and contemporary fitted bathrooms. Each property has allocated parking and all new build apartments will have gas central heating, with houses heated by air source heat pumps.

The show apartment is now open from Wednesdays to Saturdays from 10am to 5pm where a representative of the HomeBuy team will be present to explain how shared ownership works, and how it can help first-time buyers get on to the property ladder in Wantage.

For more information on St Mary’s or other New Build HomeBuy developments contact the Thames Valley Housing New Build marketing team on Tel: 0844 470 4645 or email sales@tvha.co.uk or visit www.homebuy4u.co.uk or www.tvha-stmarys.co.uk


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