Help to Buy Wales – the scheme introduced to provide a shared equity loan to buyers of new-build homes – has contributed to soaring sales at one of Cardiff’s newest developments, Schooner Wharf in Cardiff Bay.
With nearly 50% already sold, half of these sales have been made possible through the scheme, which supports the purchase of homes up to £300,000 bought through a registered Help to Buy – Wales builder.
A prestigious development of 85 luxury 1 and 2-bedroom apartments – situated on the waterfront overlooking Cardiff’s East Dock – the apartments lie mid-way between the City and the Bay; perfectly located to make the most of all that the surrounding area has to offer.
A number of ground floor properties enjoy direct access to private, elevated terraces from the pedestrianised waterfront boardwalk, while top floor residents will enjoy views from some of the most generously proportioned terraces in the city.
Speaking about the impact that Help to Buy has already had on sales at Schooner Wharf, Catherine Maunder, director at New Homes Agency said:
“We’re seeing the positive impact of the Help to Buy Wales scheme on a daily basis, putting our buyers in a position to secure a fantastic home in one of the best locations in the city.
“We have lots of first-time buyers on our books who just wouldn’t be able to afford a home in such an enviable location without taking up Help to Buy – and it’s great to see them getting on the property ladder.
“Competitive pricing obviously helps – we’re right within the Help to Buy threshold, starting at £120,000 for a one-bed and up to £285,000 for a 2-bed apartment so it’s an ideal opportunity to take advantage of the assistance available.
“As well as first-time local buyers, we also have a number of purchasers looking to downsize, with the benefit of outside space that the large balconies here afford but with minimal maintenance and within walking distance of all key amenities.
“It’s a real mix and we’re very pleased with uptake so far, which has to be a positive thing for the market all round.”