Land & New Homes
News focusing on new homes, housing development, land acquisition and joint venture projects between agents and developers.
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Thames-side development for young families
Ballymore & Oxley has released its latest new homes at Royal Wharf, a riverside neighbourhood in London’s Royal Docks.
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New York meets London
With sweeping views across the brand new US Embassy, L&Q @ The Residence, built by the UK’s largest landlord, feels more Midtown New York than Nine Elms.
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Barratt promises not to repeat ‘Stamp Duty paid’ claims
Developer Barratt London, which trades as BDW Trading Ltd, has been reported to the Advertising Standards Authority for an email it sent out to potential buyers. One of the recipients complained to the watchdog about claims made within the email that buyers could “secure your Zone 1 apartment with Stamp Duty Paid”. But the claim made appeared to be less generous than the email suggested and the member of the public challenged whether the claim was misleading. This was because it implied that all the Stamp Duty due would be paid by Barratt when in fact only Stamp Duty up to 3% would be paid. Therefore, because of the cost of the properties, this meant none of the apartments within the development would have all the stamp duty paid. On the Barratt website it states that Barratt “may be able to pay the Stamp Duty for you up to a maximum of 4% of the purchase price of your new Barratt Home”. But the duty is levied at 5% for properties between £250,000 and £925,000, and at 10% between £925,000 and £1.5 million. So for example at Barratt London’s luxury Landmark Place overlooking Tower Bridge within Zone 1 of the…
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Waterside luxury in Essex
The historic market town of Maldon in Essex is set on the picturesque Blackwater estuary and has witnessed the third biggest rise in house prices in the UK.
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1500 new homes in Wantage
St. Modwen, a leading regeneration specialist, has signed an agreement for the delivery of the masterplan and infrastructure for a 227 acre site at Crab Hill in Wantage, South Oxfordshire.
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Buyers seek the ‘country life’
New research shows that new build developers are drawing on nature and ‘country life’ for inspiration, as ‘Park’, ‘Green’ and ‘Gardens’ top the builders’ choice of titles for their new developments.
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Now even freeholders shouldn’t rent out via Airbnb, says developer
A development being completed near Chichester in West Sussex is believed to be the first in the UK whose builder has confirmed it includes leasehold and freehold covenants preventing short-let Airbnb-style rentals. Shopwyke Lakes (pictured, right), which includes 80+ properties from £229,000 to £625,000 being developed by CALA Homes, includes freehold houses of up to five bedrooms as well as one and two-bedroom leasehold apartments. All will feature covenants within their freeholds and leases preventing their use for “commercial purposes”. The company says the covenants at the development are specific to it and that the company has no group-wide policy on the use of Airbnb or short-term lets. “Regarding Shopwyke Lakes in Chichester, there is no specific clause which prohibits homeowners renting out their property with Airbnb,” said a CALA spokesperson. “However, in the interests of creating sustainable communities and enjoyable places to live, there is a covenant that the property must be maintained as a private residence and is not to be used for commercial purposes. “Any form of short term holiday let would be viewed as a breach of this covenant.” Covenants that prevent leasehold properties from being used for short-term lets are not uncommon. This was highlighted…
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Less parking, more space says developer
Modernise parking, CIL and space standards to build more homes, says Moda Living. Moda Living, a developer and operator of homes for rent, with major schemes in six UK cities, has called for greater flexibility around stringent planning demands for car park spaces. In its response to the housing white paper consultation, the company said that overly restrictive car parking standards requiring inappropriate levels of car parking, exceed the requirements of the Build to Rent market as renters are increasingly “asset-light” choosing to use ride share companies like Uber or car hire brands like Zip Car. Moda Living has a pipeline of 5,000 homes across the UK’s biggest cities, it also wants reform of overly restrictive national residential space standards. Tony Brooks, Managing Director of Moda Living, said, “Huge investment is going in to considerable shared areas that residents will be free to access. It’s essential these things are considered when planners are totting up the amount of space a resident has access to. Given the choice between a tiny private balcony you can’t fit a table on to or having a slice of a much bigger, shared space, it makes sense that we consider how we can offer people…
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137 new homes sold in eight hours
137 homes were snapped up in less than eight hours during Bellway Homes’ Help to Buy event in March.
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Demand outstrips supply by 100% for new homes in Manchester
Demand outstrips supply when it comes to new homes, with the gap growing wider every month. The latest statistic being that over 1,000 sales enquiries have been received from potential buyers of apartments currently under construction at the new Middlewood Locks canal side development just a few minutes’ walk from Manchester’s Central Business District, Spinningfields. “We have been really pleased by the huge level of local interest generated at such an early stage of development just from passers-by and by word of mouth, before our marketing campaign has kicked in,” reported Nicola Wallis, who is in charge of sales and marketing of the apartments. “To cater for the local interest, we have brought forward the opening of the show apartment and marketing suite and had new images produced to give our prospective customers a better idea of what the apartments will look like.” Meeting the popular spec Currently under construction, the first phase of Middlewood Locks will provide (571) one, two and three-bedroom apartments all with either a private garden, terrace, balcony or Juliet balcony, ready to move in to in Spring next year, at prices starting at £150,000. The apartments will be of a high specification throughout, featuring open plan living rooms with full height…
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