Queen Street - NEW DEVELOPMENT FOR SALE - 24 FLATS #SHEFFIELD #CITYCENTRE

Queens Buildings is located on Queen Street in the City Centre of Sheffield. For those who don’t know it, it’s in a fantastic up and coming part of the city that is a stone’s throw away from Sheffield’s shops, bars and restaurants, the Universities, the Hallamshire hospital, and Kelham Island.

 Formerly used as offices, the building has been completely renovated to an immaculate standard by a national developer, who we have been working with from design stage. Queens Buildings offers a different kind of city centre living to the typical high rise apartment, they have been finished to an extremely high spec, all with new windows, granite worktops, and oak doors. We have noticed since working with this developer,  an incredible attention to detail, the site has been unbelievably well run and the end product looks fantastic.

We have 24 apartments, 10 one beds, and 14 two beds, and almost all of them feature a different and unique layout. The prices range from £90,000 through to £175,000, affordable city centre living that is unrivaled in its standards. There will also be parking spaces available to purchase for an additional cost. We at Spencer’s will be taking over the block management of the building, so any potential issues will be dealt with directly by us keeping management local and affordable too, and we hope you like the show flat, which is also our work.

Calling out to investors looking for a property with a great potential rental yield (in a great rental area), or first time buyers looking for a city centre home (with Help to Buy available), or anyone in between, an apartment in Queens Buildings would be a wise acquisition.

If you would like to view this exciting development please call our office on 01142683682 or email us at info@spencerestateagents.co.uk or if you are a developer that would like to work with us on a project, or want to know about our show home set up services, or our block management, please get in touch - happy to help! 

CLICK HERE FOR MORE INFO - FOR SALE QUEEN'S 

Guest Blogger - Danny Bailey

What does the new Budget mean for the mortgage market?

The property ladder has become an unattainable aspiration in recent years for those trying to build up savings to afford the demand for large deposits; however, new plans within the budget are offering an avenue into home ownership making it a real possibility for many.

So what exactly does the new budget propose?

The budget outlines a multi-billion pound scheme which seeks to improve first-time home ownership prospects through low-deposit mortgages, and to encourage an increase in new housing. This new initiative has been termed Help to Buy.

Help to Buy is made up of two separate schemes; the first an equity loan and the second a mortgage guarantee.

Equity Loan

The equity loan scheme, which will be implemented on the 1^st of April 2013, allows both first-time buyers and existing homeowners to purchase a new build property worth up to £600,000. The first five years of the 20% equity loan are interest free.

To acquire this loan you will need:

·         A deposit of at least 5%

·         The remaining 75% borrowed from a mortgage lender

Research has estimated that these equity loans could potentially support 75,000 sales of new homes over the course of the next three years (Savills research).

Mortgage Guarantee

This scheme doesn't begin until January 2014. Like the equity loan, the mortgage guarantee scheme is available to existing homeowners and first-time buyers who with this can purchase a home worth up to £600,000 (both new build properties and existing homes).

The plan with this particular scheme is to create an incentive for lenders to provide more mortgages with low deposits by giving them a guarantee of a percentage of your loan.

It is estimated that the mortgage guarantee scheme could enable around “550,000 extra house sales over the next three years if it translates in to £130 billion of mortgage lending” (Savills research).

Would you like to find out if you can become one of these many new home owners? I can provide you with specialist financial advice on the best mortgage option for you.

Daniel Bailey

www.middletonfinance.co.uk

info@middletonfinance.co.uk