New Development in Halstead Reaches Milestone
Construction work is progressing well at a development in Halstead, where over half of the new homes are now sold and nearly half are complete.
Bellway Essex is building 218 homes at Willow Park, off Winston Way, where 56 of the 153 two, three and four-bedroom private homes have already been purchased – with 66 of those properties now built or occupied.
The housebuilder is also providing 65 affordable homes, available to local people through rent or shared ownership, with 37 of these households already moved in.
A total of 103 homes have so far been built at Willow Park, with construction work set to conclude in the summer of 2023.
Jenny Walker, sales director for Bellway Essex, said: “Having now been on site for 18 months, the whole team has been working incredibly hard to continue to meet the demand that we have seen from buyers who have been eager to move to a growing community here at Willow Park. There has been a surge in interest from first-time buyers who have taken advantage of the Help to Buy scheme, which has resulted in many two and three-bedroom homes at the development being snapped up very quickly. Buyers are being drawn into the town, which has retained its traditional village feel while offering a wide range of local amenities, giving house-hunters the best of both worlds. With the development situated near the A131, commuters are served with easy access into Braintree, while Colchester is also easily reached along the A1124. We expect Willow Park to continue to sell quickly, so we would advise all prospective buyers to contact the sales team and arrange to visit one of the three showhomes at the development.”
A selection of four-bedroom homes is currently available to buy at Willow Park, with prices starting from £429,995 for a Scrivener house design. A range of three and four-bedroom properties are also still awaiting release.
The Help to Buy scheme allows first-time buyers to purchase a new-build home with a five per cent deposit and a 75 per cent mortgage, with the remaining 20 per cent provided in the form of a Government-backed equity loan. The scheme is now only available to first-time buyers on new homes up to the regional price cap, which is £407,400 in the East of England.