The market is slowing down, they say. But nobody seems to have told buyers in east London and Essex, where a wealth of high-quality new homes has charmed prospective purchasers. Johnny Turner finds the secret of eastern success.
In recent months the news has been downbeat. Slowdown, correction – whatever you want to call it – the only-way-is-up property market we have seen over the past decade looks to be on its way out as the pendulum swings the other way. There’s only one problem with this doom-mongering: buyers are still out there buying and developers are finding their schemes winning over just those purchasers the press has been intent on proving don’t exist. In east London and Essex, sales of new properties are strong and many developments are selling out.
One such scheme is Fairclough Homes’ College Fields, a collection of spacious bungalows. All of the three-bedroom bungalows have now been reserved and there are just three of the four-bedroom bungalows remaining for sale, as well as three-bedroom semi-detached and four-bedroom detached houses. These homes offer good sized bedrooms, well-equipped designer kitchens and private rear gardens.
Prices at College Fields start at £269,950. Find out more about this popular development by calling 0845 676 0165.
Fairclough is also selling the last of the homes at The Parks in Oxford Lane, in the popular commuter haven of Ilford. Of the 56 three- and four-bedroom town houses and 103 one- and two-bedroom apartments there are just a handful of town houses and 18 apartments left in the last section of the site to be completed.
The developer is offering the incentive of 15 per cent deposit paid, which would make quite a difference to a first-time buyer or even an investment purchaser. Apartments are priced from £163,950 and £189,950 for one bedroom and two bedrooms respectively. For more information contact 0845 676 0161. See what else Fairclough has to offer in east London and Essex, as well as elsewhere in the South East, by visiting faircloughhomes.com.
At The Maltings and Maltings Court, twin developments located in the market town of Witham, Bovis Homes has found buyers in a bullish mood. Contrary to the reported state of the market, The Maltings is now on the brink of a full sell-out. Indeed, phase two of Maltings Court, although released only recently, is going fast. The three-, four-, five- and six-bedroom homes at The Maltings and two- and three-bedroom properties at Maltings Court have been carefully designed to combine well planned accommodation with high-quality specification.
Their picturesque position, combined with convenience for commuters, make the developments ideal for busy professionals who need both an easy route into work and an evening’s respite from the hustle and bustle. Journey times from nearby Witham station into Liverpool Street are approximately 45 minutes.
A select range of houses is available, priced between £194,950 and £394,950. Call the marketing suite on 0845 230 3332 or visit bovishomes.co.uk.
In Bow, a very happening corner of east London, Berkeley Homes has only a few apartments left to sell in the first block of Bow Central. One one-bedroom apartment is still available, priced at £175,000, as well as five two-bedroom apartments, each priced at £235,000. Purchasers will be moving into the highly contemporary gated development from next spring.
Proximity to the City, West End and Canary Wharf makes for a smooth transition between the work day and private time, while the low-maintenance aspect of the designs means the young professionals who tend to be drawn to this scheme won’t spend all their time looking after their home. Further, besides the high spec and great location, buyers are particularly impressed by two attributes that are rare in London: outdoor parking and private gardens.
Buyers should be quick, as the last few apartments won’t hang around. Call Berkeley Homes on 020 7321 2122.