UK-leading developer Barratt makes a move eastward to Cambridgeshire

 

A challenging property market across central London and the south-east has seen leading developers Barratt move eastward, launching a new division in Cambridgeshire in February 2018.

The government’s 2013 Help to Buy scheme has had a positive impact for first-time buyers in the east of England with mortgage lending figures reaching a high across the region, according to the Office for National Statistics (ONS). Barratt hopes to benefit from this trend, aiming to scale down its housing range and raise the amount of offsite construction to bring down labour costs and maximise margins.

Established Cambridge-based developer Enterprise Property Group (EPGL) is seeing a sharp increase in first-time buyers, who have been able to use the scheme to get onto the housing ladder.

Sophie Schofield, EPGL
Sophie Schofield

Sophie Schofield, sales and marketing manager at EPGL, says: “I’m not surprised at Barratt’s decision to move into the area. Cambridgeshire’s housing market is one of the strongest in the UK with prices and demand outstripping many other areas of the country.”

“So far this year, the general mood of the property market in our eastern region has been very buoyant. With the growth in bio-medical and science parks in the region and large businesses such as AstraZeneca and Amazon relocating here, demand for more new homes is constantly increasing.

“The new Cambridge North station, which runs into London’s Kings Cross, has also boosted local property prices, helping to encourage commuters to look to move into the region. We have some major schemes due for completion soon and some good land and site acquisitions in the pipeline.”

Barratt is hot on the acquisition trail. In the second half of 2017, the developer almost doubled the value of land purchased to £641m compared to £328m, according to ONS data. Barratt said: “Exceptional land opportunities had accounted for the higher than historic levels and underpinned volume growth aspirations.”

Highgrove Mews

High Net Yield Freehold Houses

  • Commutable to London (27 mins to central Paddington station)
  • Rental demand extremely strong with large industry presence in Reading
  • Freehold with 4% net yield

£284,955 - £457,000

St Petersgate – Stockport Manchester

New Launch - Stockport Manchester, apartments from £160,000

  • Discounted launch prices from £160,000
  • Excellent transport links with 3 trains per hour to London Euston and only 9 mins journey to Manchester Piccadilly
  • Experienced development team

Assured Rent Housing Association Leases

Assured Rent Housing Association Leases

  • Assured rent & no rental voids
  • Tenant damage cover & newly refurbished inline with requirements of a corporate sitting tenant
  • Free property and lettings management

From £62,000

Emerging Birmingham Commuter Town With Properties From Just £104,000

The emerging Birmingham commuter town where properties are selling in an average of just 24 days

  • A collection of 62 two bedroom apartments and 28 one bedroom apartments.
  • DE14 is one of the fastest selling postcodes in the West Midlands.
  • 23 minute train journey into Birmingham New Street Station.

Properties from £104,000

Mill, Stockport

The Northwest's emerging property hotspot

  • Discounted off-plan 2-bed prices from £162,000
  • Completion date - Q4 2021
  • Rental yields - 6% plus

Discounted off-plan 2-bed prices from £162,000

South Central – Birmingham City Centre Apartments

Highly anticipated 28 storey launch in Birmingham City Centre with an impressive roof garden and communal facilities.

  • 154 units across 28 storeys
  • Residential multi-media community room, gym, roof garden and sky cinema
  • Excellent future connectivity via the metro system to other key transport hubs and locations around the city

from £205,800

ba-

Talk to us

Speak to our UK property experts today: 

+44 (0) 333 123 0320

Open from 9am-6pm GMT

+852 9865 4446

Open from 9am-6pm HKT

Stamp Duty Calculator

.

Unlock members only investment opportunities and full development details. Join now – it’s free, quick and easy.

Login

Not a member? Sign up for free

Cambridge

UK-leading developer Barratt makes a move eastward to Cambridgeshire

Example

By submitting your details via this online form you agree to be contacted via email/phone/SMS by Direct Marketplace Ltd t/a BuyAssociation in relation to property investment and property developments . We do not share your personal details with third parties.  To view our full Privacy Policy click here.