Help to Buy drives First Time Buyers to Northampton as developer reports over 70% of total purchasers

With Help to Buy already helping over 108,000 buyers onto the property ladder since its inception in 2013, towns and villages across the country are beginning to emerge as brand new first time buyer hotspots. Buckton Fields, a new development just 5 miles north of Northampton city centre, has proven a popular option for those in search of better value outside of the capital, with first time buyers representing 70 per cent of the total purchasers.

First Time BuyersMartin Grant Homes has reported sales from both the local area and also the South East, as the capital becomes increasingly out of reach for many. The vast majority of buyers at Buckton Fields have purchased through the Government-backed Help to Buy scheme, and with three bedroom homes starting from just £269,950, buyers have been quick to capitalise on the excellent value for money offered at Buckton Fields, as three bedroom semi-detached houses arranged over 910 square feet of living space can be purchased with a deposit of less than £13,500. The development is just 15 minutes from Northampton train station, running frequent services into London Euston from just one hour and two minutes. The newly refurbished station runs train services into Birmingham New Street from one hour one minute, and for motorists, junction 16 of the M1 is only ten miles from the development.

In addition to the shopping facilities and restaurants, Northampton benefits from a number of cultural institutions including a museum and art gallery, whilst the Royal Derngate Theatre and multi-screen cinemas are also popular. Educational establishments include a mixture of high quality state schools such as Northampton School for Boys and private schools such as Northampton School for Girls, both of which are rated “outstanding” by Ofsted. Northampton University, situated on the outskirts of the town, will open a brand new £330m campus in August 2018. 

Plans for the Buckton Fields site include land identified by Northamptonshire County Council to build a primary school, subject to obtaining the necessary approvals, and Martin Grant Homes has also committed to investing further money in local community amenities. A Park and Ride service will offer a connection for residents into the centre of Northampton, three miles from the development. 

There are currently three and four bedroom homes available at Buckton Fields ranging from £269,950 to £345,950. 

If you are first time buyers and what more information please feel free to contact Matthew.Mcloughlin@fourcommuncations.com

March 29, 2018

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