We recognise that many people would like to buy their own home and cannot afford to do so without additional help.
Although house prices have fallen over the last few years, the average house price for a ‘first time buyer’ is £94,000.
For most first time buyers who may be able to afford the monthly mortgage payments, find that they are unable to get onto the housing ladder as mortgage lenders often insist on 10 or even 20% deposits.
Affordable housing is ‘subsidised’ accommodation for those who can’t afford to buy a suitable home on the open market. This can be through low cost private housing, affordable rented housing or shared ownership.
Most new housing developments have to provide a number of affordable homes. Families who qualify for an affordable home buy it for a percentage of the full price; depending on location. Typically an affordable house costs around £78,000 for a 3 bed house which are usually sold on a shared equity basis.
Affordable homes currently available:
All usually sold on a shared equity basis
Parc y Gelli, Foelgastell -Tai developments
2 x 2 bed apartments price approximately £63,000
Danybryn, Horeb Road, Mynyddygarreg - Charles Church
1 x 3 bed house price approximately £75,300
2 bed houses coming soon on this site price approximately £63,000
Llys y Foryd Kidwelly – Morgan Construction
3 beds at approximately £75,300
For further information, please contact Sian Stephens.