An aspirational collection of homes is coming to Hove, allowing buyers to step onto the property ladder for the first time as prices in the area continue to rise.
Hyde New Homes’ Amberdown, School Road, situated in the residential area of Poets Corner in Hove, will deliver a selection of 1 and 2 bedroom apartments, and 3 bedroom houses – with 44 homes being exclusively available for shared ownership (www.hydenewhomes.co.uk).
The development will no doubt be happy news to young couples and families who believe themselves to be priced out of the area, which has seen prices soar by 3.4% since March 2020, fuelled by pent up demand as city-dwellers flock to the coast due to new remote working patterns brought about by Covid-19.
A 30% share of a home at Amberdown will require a deposit from just 5%, along with a subsidised rent, which is paid to Hyde New Homes on the unsold equity share. Further shares can be purchased, through a process known as staircasing, which allows purchasers to own up to 100% of their home at any time.
This well-designed development comes with the quality specification expected from Hyde New Homes. The properties include contemporary kitchens with modern, integrated appliances, quality flooring, ample outside spaces and allocated parking and built in wardrobes to selected homes.
For commuters, Amberdown enjoys supreme connectivity to London and beyond, with the development placed near to Portslade, Aldrington and Hove train stations.
Families will benefit from the area’s enviable position close to the ‘Outstanding’ rated West Hove Infant School, while also benefiting from being just a 20-minute walk to the beach with its restaurants, cafés and water sports facilities.
Minnie Dando, Head of Marketing and Communications at Hyde New Homes said: “Amberdown has been developed with the residents of Brighton and Hove in mind.
“With many people wishing to put down roots in the area, but finding themselves priced out, we wanted to bring affordable, stylish living, with longevity to the community.
“The official launch of the development is expected to be late Winter, with homes being available to move into from 2022. We expect demand to be high so please don’t miss this opportunity to buy in such a desirable location.”