With average rents rising to £1,642 a month and buyers putting down as much as a £52,800 deposit , Bath has been named as one of the most expensive places for first time buyers in the UK .
For aspiring buyers stuck between sky-rocketing rent and hefty deposits, Abri Homes is offering a more affordable route to home ownership with its Shared Ownership apartments at Meryton Walk.
Steeped in history, with origins dating back to the Roman Empire, Bath city centre is just a ten-minute walk from Meryton Walk. Bath’s rich cultural and literary heritage as the home of Jane Austen, iconic Georgian limestone buildings, and its excellent transport links into London and the South West coast, are seeing it become a property hot spot, now a two time ‘Best Place to Live’ winner .
With only three homes remaining, buyers can purchase the one- and two-bedroom homes available at Meryton Walk with a minimum deposit of £5,800, saving them nearly ten times the average deposit in the Bath area. Prices start from £116,000 based on a 40% share* (other shares available).
Buyers will have the best of both worlds on their doorstep, with high street amenities and plenty of green space nearby, Royal Victoria Park is just a 15-minute walk from the apartments. The new homes also offer private outdoor living, with each property at Meryton Walk featuring either a balcony or terrace. These high-quality homes also come with double-glazed windows, to help keep energy efficiency high, and running costs low.
Stuart Hensby, Sales & Marketing Director at Abri, said: “Bath is an increasingly popular city, and we’re seeing this impact many buyers who are looking to purchase a home in a booming property market. With very few homes remaining at Meryton Walk, it’s clear that there is a growing demand for more affordable housing in the area.
“For those who seek a more affordable route to home ownership, I would encourage aspiring homebuyers to visit Meryton Walk and find out more on how our Shared Ownership could be the missing piece of their puzzle. With just three homes remaining, it’s not one to miss!”
Shared Ownership is a scheme designed to help aspiring homeowners by enabling them to purchase between a 10% to 75% share of a property, while paying a reduced rent to Abri on the remaining amount.
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