With the average age of today’s UK first time buyer hitting 30 and buyers in London at 33*, many young potential buyers are living with their parents to save on high private rental costs in order to save for a deposit**. One such couple who did this and managed to get on London’s property ladder eight years ahead of many of their peers are Simon Pizzey and Saran Robinson.
Simon and Sarah have invested in a three-bedroom house at Crest Nicholson’s Rowan Park development in Mitcham.
Simon (25), a health care manager, said: “Living with Sarah’s parents made a big difference in being able to buy our own home ahead of schedule. We had wanted to buy our own home for a while as we didn’t want to pay someone else’s mortgage; we wanted to invest in our own future, not the landlord’s. Also, the rent would have been more than monthly mortgage payments so it really didn’t make sense to rent.
“We moved here from our home town of Leicester for my job, so we didn’t know the area terribly well but as soon as we visited Rowan Park after finding it on the internet, we loved it and were very keen to move here.
“We really only considered buying a new property; neither of us are particularly DIY-orientated and, as we are busy with our new jobs, we really didn’t want to come home at the end of a long day at work and have to start working on our home. We also didn’t want the hassle of having to re-decorate or suddenly pay to have any problems fixed, such as fit new windows, a roof or a boiler. Buying a new home gave us peace of mind that we wouldn’t suddenly be confronted with any hidden surprises or costs. As we bought off-plan, we were even able to choose the colour scheme, kitchen and bathroom tiles as well as flooring, so our home reflected our taste without us having to lift a finger.”
Sarah (24), a teacher, continues: “Buying a new property meant having a more energy-efficient home which will help reduce monthly bills; the fact that Rowan Park was more eco-friendly than older homes and other newly built developments we looked at was a big attraction. The design of the homes and overall appearance of the development was also really appealing. It looks highly contemporary and a great deal of thought and care has gone into the design of the home, both externally and internally; no corners have been cut.
“The location was also important to us and was a key factor in deciding to buy here. We need to be near good transport connections for work but we didn’t want to be in the main thoroughfare; we prefer to be somewhere a little quieter and away from the main hustle and bustle. Although it is close to good travel links, Rowan Park is really tucked away and is so peaceful; it’s a real community in itself. Mitcham Eastfields station is just a short walk away which makes travelling to London very easy.”
Sarah concludes: “Rowan Park suits us perfectly. With getting married next summer, we are delighted that we can put down roots and start married life in our own home.”
At Rowan Park, innovative new homes and apartments sit side-by-side with the listed former Rowan Park school building, which has been sympathetically renovated as apartments. All homes at the development meet level four requirements in the Government’s Code for Sustainable Homes***, the national standard for sustainable design and construction of new homes.
The development is set amongst landscaped parkland and each of the houses has its own private garden. There are homes to suit all households and budgets, from apartments in the refurbished school building, to the bold and striking looks of the contemporary homes. Rowan Park is designed to become a flourishing community, with a doctor’s surgery due to be situated at the entrance to the development, as well as a scout hut and a community hall to encourage relationships between neighbours.
Rowan Park offers great links to central London and is within easy reach of much of the South West. Mitcham Eastfields station is within walking distance from the development with direct services to Victoria and Blackfriars. There are also bus services to the nearby Norbury station, with trains to Victoria and London Bridge in under half an hour. Mitcham Junction station also offers handy connections to the Thameslink network including Wimbledon, Blackfriars and Kings Cross. By car, the A23, about a mile from Rowan Park, is a major route into and out of London, joining with the M25 and the M23 at junction 7, meaning both Heathrow and Gatwick Airports are within easy reach.
Prices for current availability at Rowan Park start from £166,950 for an apartment and from £262,500 for a house. For more information, please contact Crest Nicholson’s on site Sales Advisors on 0870 750 8403 or firstname.lastname@example.org, or visit www.crestnicholson.com/rowanpark.