Affordable Housing Developments in Bath and Somerset
As we venture further into 2021, people are now beginning to reconsider their current housing situation, hoping for better days to come. The pandemic brought about a change in mindset for the way we work and live, including the issue of homeownership. But surely, it’s still out of reach for most people, especially those on low incomes?
Aussie Man & Van understands the plight of anyone who’s stuck in a seemingly endless renting cycle. Renters are now working out how to become homeowners because they want more agency in how they live. That’s why we’re actively looking at ways for lower-income households to find opportunities, and there are government schemes available. Here’s our short guide on affordable housing near Bath and Somerset.
Finding Affordable Housing Developments in Somerset –
When it comes to affordable housing, there simply hasn’t been enough progress. We’re all hoping for a much higher number of new developments entering the market. Many people would say that government action has left a lot to be desired. However, there are some housing schemes available to bridge the issue.
In a broader context, people are making proactive changes in their lives, which will be a theme for 2021. This is apparent in the rise of remote working and how employees respond to work outside of an office environment. Some are looking forward to returning to an office setting because of the social side of things. Others are happy with remote working as it gives them more flexibility.
Another societal shift in attitudes has been housing and how we interact with our living spaces. Many are tired of the perpetual renting cycle and want the option of homeownership. This is easier said than done, and demand far outstrips supply at the time of this article. At Aussie, we don’t think this should be the determining factor.
The primary question – is there affordable housing near Bath or in Somerset? That’s what this article aims to investigate and report back on. We’ll include housing scheme information where possible and notes on local transport provisions and amenities.
Low-Cost Housing Developments near Bath –
Mulberry Park – A prime example of a housing development with family-friendly features, Mulberry Park is in the popular Combe Down area of Bath. You’ll find a variety of flats and houses where you can utilise the Help to Buy scheme. There’s a nursery, primary school, and leisure facilities available, ideal for young families.
Pemberley Place – It’s not just working-age people who struggle to find affordable housing. That’s why the Pemberley Place development is aiming to work with people who are fifty-five and over exclusively. It’s possible to use an adapted version of the Shared Ownership scheme for these properties: one and two-bed apartments. The concept is in-line with other affordable housing projects that emphasise communal space and amenities.
Cobblers Way – We’re hoping to highlight some diverse options for affordable housing. The Cobblers Way development is smaller in scale, with just five properties at two and three bedrooms on offer. Radstock is a bit further away from Bath, but it’s a manageable thirty-minute drive out, and there are good transport links. The Help to Buy South housing scheme is available for these properties.
Holburne Park – Our final entry is from the Holburne Park development, which has Shared Ownership opportunities under the Help the Buy South housing scheme. The Georgian style of these buildings is one of the main selling points. Each property has elements appealing to professionals, with a cross between communal and cosmopolitan living.
Using Housing Schemes to Reduce the Cost –
There’s no hiding the lack of affordable housing in the UK. The Starter House scheme was supposed to address this issue, but it doesn’t look likely to happen at all. Fortunately, there are several other suitable options for first-time buyers and low-income earners. You’ll need to work out what sort of scheme fits your situation. Some examples are Help to Buy, Shared Ownership, Right to Buy/Right to Acquire and other shared equity schemes. Affordable housing is still very much something everyone needs a resolution to.
The likelihood is most city-centre developments will be apartment complexes. If you’re specifically looking for a house, you might move further away from Bath. Most new housing developments include communal areas and family-oriented features. The general idea is to utilise mixed incomes and pricing, including child and healthcare provisions being inclusive to the actual estate or nearby.
You’ll need to undertake a lot of research to see what housing schemes are available. One advantage is most developers include relevant schemes when they advertise their properties. It might be worth discussing this as a requirement when enlisting an estate agent. They’ll then be able to filter suitable houses or apartments when they arrange viewings for you.
Top Tips for New Homeowners in Bath –
It’s a dream for many people to own a house or apartment, but the cycle of renting is a struggle to break free from. The criteria for deposits are obstacles that act as gatekeepers, preventing people with lower incomes from starting the mortgage process. And if you had spare money left over after rent and bills, you probably would already own property.
At Aussie, we understand this struggle, and we want to help more people realise their dream of buying their first house or flat. You’ll need to save up for a deposit, and a top tip for managing your outgoings is to record everything you spend. Open an Excel spreadsheet, keep any receipts and invoices as you buy things. You then record all the information once a week. And by the end of the month, you should see patterns emerge.
You’ll have to create a monthly budget, including your expenses and some money for things like gym membership and entertainment. Anything leftover should go into a savings account, so go and open one now. If possible, set yourself some monthly savings goals. Check online to see if there are examples of typical mortgage deposits and any information related to saving.
There are also other avenues to explore when trying to find affordable ways to land your first home. Housing auctions in Surrey are an excellent way to acquire properties well below the average market price. However, it’s not as easy to see if there are any issues, so this option has some further risks to consider.
Smaller Properties and Using Self Storage –
If you’re looking at more modestly sized properties, there’s a way of maintaining a decent provision for storage. By renting a self storage unit, you’ll effectively have an extension of your new home to store everything. This can be anything from garden tools, golf clubs, old furniture, and appliances you still use but have no room for.
It doesn’t happen with all relocations, but every so often, a move is subject to a delay in moving dates. It might sound like a catastrophe and would likely be if it wasn’t for storage. Renting a self storage unit will rectify the situation by making sure your possessions are safe and secure. And while this doesn’t solve your accommodation issue, it will free you up to find somewhere you can stay short-term.
Self storage is an excellent contingency plan if a delay does occur, but it’s also a proactive measure for when you need more space. Aussie has a range of storage options, including our Self Storage and Container Storage packages. Furthermore, we have storage available in a broad selection of unit sizes. We’ll happily upgrade or downsize your storage unit if you need to increase or reduce it during your rental period.
Further Savings with Affordable Man & Van –
If you find a suitable affordable house or flat and it’s time to move, you’ll need to continue looking for value for your money. Aussie has two domestic removals services, and they cover most relocation scenarios. It’s worth noting we are happy to adapt aspects of our existing packages wherever possible to accommodate your situation.
Aussie’s Man & Van service is a package we suggest for people with fewer possessions to transport. A term we use for the volume of items is the load, and we begin assessing this from your initial phone call or email. Then we have our Large Removals service covers a variety of sizes of the vehicle up from man and van.
For properties with three bedrooms or more, we will suggest our Large Removals service. But this is also valid for people in smaller homes if they have items that take up more space in the removal’s van. Our Large Removals service can get the entire load done in one journey. And our team will plan everything in detail to ensure we cause a minimal amount of disruption.
Our Small Moves is ideal for smaller houses and apartments for anyone trying to maintain a manageable budget. Aussie’s vans are better at parking on busy inner-city streets, and you won’t have any issues with blocking the road with a large vehicle. This man with a van service comes with two of our expert team members to do all the heavy lifting work.
Aussie Man & Van – Helping People Get on the Property Ladder in Bath –
Everyone at Aussie has the drive to provide the highest standard of customer service for every person and business we work with within Bath and the surrounding areas. This doesn’t begin and end with our removals and storage packages. It’s about helping people with things like finding their next home, specifically for renters who want to become homeowners.
When the time is right, we hope people will book us to relocate them, but the goal is to move them into their first house or apartment they own. This will be an uphill battle for renters and will require assistance from housing schemes to bridge the deposit gap. Aussie Man & Van is here to work with you to realise your goal of homeownership.
If you’re looking for affordable housing options in Bath and Somerset, please contact us today. We’ll provide you with any relevant information we have, including details on our range of services.