Research into rising costs across the UK has found that furniture prices are set to climb by more than 10% between 2021 and 2023, with furniture giants such as Ikea announcing an average price raise of 9%.* Helping buyers with this all-important expense when purchasing a new home, Catalyst has launched their ‘Balcony Bistro’ package for those who reserved a home at Newman Place before Thursday 30th June.**
A new development by Catalyst, Newman Place is a collection of 162 one to four bedroom Shared Ownership homes in Littlemore, all of which feature private outdoor space. Buyers have the opportunity to benefit from the summer offer, which consists of an outdoor furniture set worth up to £500 from Marks and & Spencer, contributing to the styling cost of the spacious balconies that each apartment boasts.
Steve Pickering, Head of Sales and Marketing (Counties) at Catalyst, comments: “Following the highly successful launch of our new show home at Newman Place, we’ve seen real demand for our Oxfordshire based development. Buyers have been able to take real inspiration from the new interiors, and we’re pleased to be offering this outdoor furniture package, for those who reserve before the end of the month. We’re delighted to be giving residents the opportunity to style their outdoor space in their own way, just as they would indoors, and our ‘Balcony Bistro’ package is the perfect accompaniment to the private outdoor space that all our homes at Newman Place have.”
Designed to connect residents with the natural environment, Newman Place is a landscape-led development. Gently curving roads mirror Littlemore Brook, a waterway that meanders alongside the development, whilst a new walkway for residents and the wider community provides a footpath along the tributary.
All homes at Newman Place are available through Shared Ownership, a government backed scheme that offers an alternative route on to the property ladder, lowering some of the financial barriers associated with buying a first home. Through Shared Ownership, purchasers buy a percentage share of their home, typically between 25-75%, and pay rent on the remaining portion. Buyers only require a deposit and mortgage for the share they are buying, helping those with lower savings and incomes to get on to the property ladder. As and when they can afford to, buyers can purchase greater shares in their home until they own their home outright, through a process called ‘staircasing’.
Each property features an open-plan living area, private outdoor space in the form of a balcony or garden, and high specification finishes as standard. Symphony Inline kitchens feature fully integrated appliances, whilst bathrooms include contemporary white sanitaryware and chrome accessories. Houses are spread across three-storeys, offering ample space for the whole family to enjoy, and the opportunity to convert one of the bedrooms into a home office space.
Residents have fantastic facilities on the doorstep, as well as buzzing Oxford city centre a 10 minute drive away. Littlemore’s range of amenities including a nursery, range of supermarkets and parade of shops, all within walking distance. Heyford Meadow Nature Reserve is 1 mile away, providing a picturesque walking spot along the River Thames, whilst closer green spaces include Littlemore Park.
Shared Ownership prices at Newman Place start from £85,000 for a 25% share of a two-bedroom apartment (FMV: £340,000).
For more information, visit: catalyst.homes
References
*CBS News, 2022 **T&Cs apply