There are lots of benefits to buying a new home, whether you’re an investor or an owner-occupier.
Firstly, there’s the advantage of a chain-free purchase, which is inevitably simpler and quicker than one that depends on potentially multiple other transactions. And then there’s the peace of mind that comes from new build properties, which are likely to be more energy efficient, built to stringent building standards and require minimum maintenance. Unlike older homes, new builds come with guarantees that protect buyers from fundamental flaws, meaning that there can be no nasty financial surprises on completion.
New homes are sometimes bought off plan, before they are completed. This can be advantageous for buyers who might be able to contribute to design decisions, or customise elements of the build to their own preference. For instance, you might be able to choose flooring, amend kitchen layouts and select your own fittings.
At Winkworth’s New Homes department, there’s a dedicated team that works exclusively with new builds. They say: “We provide access to the most extensive range of new homes, from boutique developers to the country’s largest housebuilders. You can be confident that you’re working with a team with your best interests in mind, committed to helping you make an intelligent investment in your future.”
The New Homes department is currently selling several apartments in the impressive new Battersea Power Station development, which has an exciting new residential quarter overlooking the Thames. It’s a new community with lots of benefits including its own Zone 1 tube station and countless shops, restaurants and attractions. The apartments are luxurious, with state-of-the-art fittings and vast roof gardens; there’s a 24 hour concierge, a private cinema, plus a gym, pool and spa. Prices range from around £1.5m for a two bedroom apartment to more than £8m for a three bedroom duplex with dual aspect panoramic views.
In west London, The Brentford Project is credited with regenerating another Thameside area with a mix of urban life and rural escape. It’s well-connnected to the rest of the city and there are lots of thriving local businesses, making it an appealing place to live. Apartments are flooded with natural light and range from around £470,000 for a one bedroom, one bathroom flat to £817,500 for a two bedroom with a large south-facing balcony.
Outside London, new build homes are popular with families looking for comfortable, low-maintenance homes with environmental benefits and low heating bills. In Basingstoke, Hampshire, The Egg Yard is a development of five executive homes set for completion in summer 2024. Each will have three bedrooms, two bathrooms and a large garden, with spacious handmade kitchens designed for family life. They are priced at £1.1m each.
The New Homes team says: “ Whatever your requirements and ambitions, we have properties to suit all budgets across London and the UK.” There is a hugely diverse selection of homes being built across the country, from stylish urban apartments to large country homes and smaller townhouses – and with a less stressful buying process, modern standards and layouts plus long-term guarantees, there are real advantages to new homes.