A foot on the property ladder


One such purchaser who made the jump to purchasing his first property is customer care manager, Jimmy Caines, who has purchased at Bloor Homes’ Duke’s Rise development after renting at the house builder’s neighbouring site for four years. 

Jimmy explains: “Having always lived in the area, I also work locally and my partner is due to begin studying at the University of Bristol in September. The location really suits us and we were reluctant to find anywhere new. However, house prices here are expensive, and the cost of rent resulted in us having difficulty in saving enough for a deposit.  

“Although we were planning on waiting to buy once we’d saved enough, after seeing the new Bloor Homes development being built next door to us, I couldn’t help but take a look. I knew that the prospect of a new build home would mean that we would get more space for our money, and our previous Bloor property was already of a high specification. The new properties have been practically designed to suit our everyday life perfectly.”  

During research into the new development, Shane soon found out about the government’s Help to Buy scheme, and the possibility of buying his home much sooner than he had initially expected. 

Shane added: “I read about Help to Buy on the Bloor Homes website, and after speaking with the sales advisors, Shane and I quickly learnt how well it could work for us. They also helped us to select the right home for us, and after that the process couldn’t have been easier. Paying for our new home at Duke’s Rise is far more cost effective than our rented property and we have been able to stay in the area we love – and we’re thrilled to have a foot on the property ladder!” 
Homes currently for sale at Duke’s Rise range from the well-designed two bedroom detached ‘Radleigh’ coach house to the flexible three bedroom detached ‘Arden’ design, and spacious four bedroom detached ‘Somerby’ home. 

Available from £149,950, purchasers could snap up the ‘Radleigh’ home for as little as £409.77 a month, whilst the ‘Arden’ design, which starts at £239,950 could become a reality for only £653.57 a month and the ‘Somerby’ home, available from £249,950 could be yours for just £680.66 a month***. 

Michele Rose, Sales Director for Bloor Home South West, explains: “With interest and mortgage rates at an all-time low, and predictions suggesting that they will remain at such levels for the foreseeable future, there really has never been a better time to buy. What’s more, with the lack of new build homes in Shepton Mallet and surrounding areas, Duke’s Rise really does offer a more affordable and low maintenance route to home ownership. 

“We are therefore encouraging anyone interested in making the move to pay a visit to our Duke’s Rise development now, where a fantastic range of two, three and four bedroom homes is available. We are also thrilled to open the doors to our stunning new three bedroom showhome, the ‘XX’, offering potential purchasers the chance to see what life in a Bloor home would be like first-hand.”

A location to love
Duke’s Rise is ideally located within the attractive market town of Shepton Mallet, which offers a fantastic mix of shops, restaurants and cafes, as well as an abundance of cycle lanes connecting the numerous surrounding village greens. The development is also within easy reach of the M4 and M5 motorway networks making it perfectly placed for commuters.  
* Research conducted by Sequence found that demand for rental properties has risen 17% in the year to August, but that supply has dropped 20%
** Research conducted by Spareroom.co.uk revealed that a quarter of tenants now spend at least half of their salaries on rent
*** All figures have been quoted upon the Help to Buy Equity Scheme of 20% and a minimum 5% contribution from the customers. Interest rate quoted is 2.29% Fixed for 2 years using the Nationwide Building Society. 35 year term. 

February 2015

All prices and information are correct at time of publication.