Fine place for families

By Charlie Jacoby, March 20, 2009
Alexander house style at Cassander Place, Pinner. Agent: Preston Bennett

Alexander house style at Cassander Place, Pinner. Agent: Preston Bennett

A new development in Pinner, Middx has been launched.

Cassander Place, in Holly Grove, is a scheme by Cosway Homes. New homes specialist Preston Bennett is holding viewings. Set in a private estate, Cassander Place consists of five and six-bedroom detached houses in three styles. The six-bedroom Alexander style has been selected by Preston Bennett as the show home, but the five-bedroom Olympias and Corinth are also accessible. All offer accommodation across three floors.

The Olympias has four bathrooms, a spacious kitchen/family room, drawing room, dining room, hobby room and integral garage. The Alexander also has an integral garage, along with three reception rooms, utility and kitchen/breakfast room. The fivebedroom Corinth design offers four bathrooms, three reception rooms, kitchen, utility and detached garage.

The fitted kitchens are among the high points of the houses. They have Nero granite worktops and an array of stainless steel Siemens appliance including wine chiller, combination microwave and flush-fitted coffee machine. Bathrooms have white sanitaryware, heated chrome towel rails
and illuminated touch sensor mirrors.

Master bedrooms feature an en-suite and dressing room and the houses have underfloor heating throughout.

Prices at Cassander Place start from £1.15 million.

Also on Sunday March 22, but at the less-expensive end of the market, there is an open day at a Barratt’s development in Watford, Herts.

Barratt is offering prospective purchasers the chance to discuss the different ways to get on the property ladder at its new Symonds Park, in Cow Lane, from 11am to 5pm. There will also be an opportunity to view the new three-bedroom showhouse.

Financial advisors and sales negotiators will be available to offer advice on a new government scheme called HomeBuy Direct and a similar initiative, MyChoiceHomeBuy.

Pre-registration for the HomeBuy Direct scheme was launched in January.
Homebuyers taking advantage of the scheme will receive an equity loan
of up to 30 per cent, funded jointly by Barratt North London and the government.

The buyer finances the remaining 70 per cent of the purchase price, either through a mortgage, a deposit or a combination of the two.
Under HomeBuy Direct, buyers will be protected against possible falls in property values by up to 30 per cent, as the Barratt/government equity share will absorb price risk. In addition, there is no interest to pay on the equity stake for the first five years. Buyers can redeem the loan in instalments, purchasing up to 100 per cent of the equity after their initial purchase by buying additional equity at the market rate. Alternatively, if they sell their home, the equity loan is repaid by a share of the sale price.

MyChoiceHomeBuy, also supported by the government, is aimed at people who have a household income of between £20,000 and £60,000 but no
deposit. Under this scheme, the buyer takes out a regular mortgage from any participating bank or building society.

The remainder of the balance (up to a maximum of 50 per cent or as little as 15 per cent) is then provided by an equity share loan, provided by the government through the MyChoiceHomeBuy scheme.

Symonds Park provides 154 private one- and two-bedroom apartments and three-bedroom houses, in landscaped grounds with a play area and car parking. Around 17,000 sq ft of commercial space will include offices, a crèche and a gym.

The new three-bedroom showhouse will give visitors a good idea of the great design and specification they can expect at Symonds Park; selected homes like this will be available under the two shared-equity schemes.

Prices start from £176,500 for a twobedroom apartment and £300,000 for a three-bedroom house.

Last updated: 5:14pm, April 28 2009