The average first-time buyer deposit has more than doubled over the last five years, rising from £15,168 to £32,321, a staggering increase of 113%. This eye-watering sum is out of reach for many, however at Bellway Homes’, The Ridgeway in Chinnor, first-time buyers can put down a deposit for as little as £14,250, using the Help to Buy scheme.
Prices at The Ridgeway start at an affordable £284,950 for a spacious two-bedroom apartment; ideal for first-time buyers looking to make their first step onto the property ladder whilst ensuring their savings go further. The Ridgeway is situated in the Oxfordshire village of Chinnor, offering picturesque landscapes and an abundance of greenery, as well as convenient local amenities and modern facilities.
Steve Garton, Sales Director at Bellway Thames Valley comments: “First-time buyers are struggling to find the sums of money needed for a deposit, particularly in major cities and their suburbs where house prices have been escalated. However, the apartments at The Ridgeway are perfectly suited for those looking for their first property, set in a more rural spot and available with Help to Buy. We now have a very limited number of units available at The Ridgeway due to popular demand from buyers who have been snapping up homes here, as they have been chased out of the major conurbations by rising prices. I would encourage prospective buyers to act quickly to avoid missing out in bagging their first home here in Chinnor as they won’t be around for long.”
The Hatchlandstwo bedroom apartment is a thoughtfully designed property, ideal for first-time buyers or young professionals searching for a stylish home. The open-plan kitchen and dining area offers the ideal space to relax and unwind or entertain guests. The kitchen is modern and sleek in design, with attractive fitted units, contemporary work surfaces and a range of integrated Zanussi appliances. The master bedroom features fitted wardrobes and a luxurious en-suite bathroom. The second double bedroom has access to the larger family bathroom, with crystal white Roca bathroom sanitaryware and modern chrome touches throughout.
A range of fantastic local amenities are available to residents of The Ridgeway, with a traditional countryside butcher, village bakery and a modern fully-equipped gym all within walking distance from home. The nearby high-street offers brilliant local amenities through a variety of independent retailers. For dining out, Michelin Starred restaurant, The Sir Charles Napier Inn can be found just a short drive away, where they boast that ‘all guests receive a warm welcome and traditional British cuisine’. For further dining options, an impressive selection of independent restaurants are scattered throughout the nearby villages of Princess Risborough, High Wycombe and Thame.
Ideal for commuters, The Ridgeway has access to excellent transport links serving all the major employment areas of Oxford, Reading and London. The Princes Risborough train station is just under 10 minutes away by car, with regular train services into London and Oxford and journey times to both cities being less than 40 minutes. The M40 motorway is also within easy reach, connecting to popular destinations such as Oxford, London and the Midlands. Additionally, Reading can be accessed within 50 minutes via the local B481 road, while the M25 is less than half an hour away from the development.