Reduce household bills with new build Shared Ownership homes
Get onto the property ladder in Essex, Greenwich and Wimbledon
With inflation rates now at their highest level since the early 1980s, the cost of living crisis is significantly impacting households across the UK.
As homeowners face sky high energy bills this winter, the appeal of a new build home, designed to be more energy efficient and engineered to be draught-free and generously insulated, is more attractive than ever.
Research from Warwick Estates has found that energy bills for the average new build are over £400 cheaper than the average existing property, meaning home-buyers who purchase a new build property could see their energy bills reduced by as much as 60%.
Share to Buy offers the nation’s largest listing of Shared Ownership and Help to Buy homes, helping prospective purchasers take a step onto the property ladder at a more affordable level. With most homes listed on the site newly constructed, many houses and apartments currently for sale are providing buyers with those all-important energy saving features.
SO Resi Hope Green, Thurrock
One of Britain’s first zero-carbon developments, SO Resi Hope Green currently has homes available through Shared Ownership in Essex. The contemporary two, three and four bedroom homes in Thurrock have been crafted using advanced materials and techniques to reduce net energy usage and shrink heating, lighting, and water bills for all residents. Across a lifetime, properties at SO Resi Hope Green are expected to save residents thousands of pounds in energy bills.
Kidbrooke Square, Greenwich
Boasting impressive green features is Kidbrooke Square from Notting Hill Genesis. Set in the heart of the Royal Borough of Greenwich, the stylish collection of one and two bedroom apartments have been built to a carbon reduction target of 39.6%. Renewable energy is utilised throughout the development, including solar panels and energy-efficient integrated appliances in all homes.
The Switch, Merton
Located equidistant between sought-after Earlsfield and Wimbledon, Catalyst is delivering 181 one, two and three bedroom Shared Ownership apartments at The Switch. Helping residents’ costs remain low, PV solar panels contribute towards reducing service charges by powering the lighting for the communal areas, and ‘green roofs’ support biodiversity, benefitting water management and air quality. In addition, helping to reduce fuel and public transport costs, The Switch has electrical charging points and all-important secure cycle storage available.
Nick Lieb, Head of Operations at Share to Buy, comments; “We’re all feeling the effects of the cost of living crisis, and as we head towards winter, bills will start to become increasingly unaffordable for many households across the country.
“New builds are generally built to be more energy efficient – typically offering double glazing, more efficient boilers, restricted-flow taps and better insulation as standard. In addition, schemes such as Shared Ownership mean that buyers can purchase their first home at an often much more affordable level – crucial at a time when costs are rising across the board. By purchasing a new build Shared Ownership home, you could ultimately end up saving yourself hundreds of pounds on living costs and thousands on your initial deposit.”
Search for more Shared Ownership properties on sharetobuy.com.
Information correct as of 27/07/2022.
Share to Buy is a one stop shop for affordable homes. On our website, you can search for properties, compare mortgages and find out all you need to know about alternative home buying schemes such as Shared Ownership and Help to Buy.