Bespoke collection of new homes offers retirees a new way of purchasing

Merlion Housing has launched a stunning collection of new cottages, offered specifically for the retirement market. The three, spacious two bedroom cottages are being offered to the market on a shared equity basis, giving homebuyers the opportunity to secure one of these homes for around 75% of market value.

The cottages, which form part of Beechcroft’s Maygate Place retirement development in Medstead are available specifically for buyers aged 60 and over and were released off plan this month – with the first of the homes already reserved.

The two bedroom cottages, which are each in excess of 1,000 square feet offer spacious and beautifully presented accommodation. The homes are ideal for those looking to downsize, while still looking to retain ample space to store those treasured possessions and to entertain family and friends.

Set close to Medstead village and all its amenities, the homes enjoy an enviable location. From a traditional butcher to the village café and country pub, everything is conveniently within reach.

Tony Radford, Director, Merlion Homes, said: “Our cottages at Maygate Place offer the over 60s quite a unique opportunity to secure themselves a stunning new two bedroom cottage for significantly less than market value. We anticipate that these homes will appeal in particular to those who have an existing, larger property to sell and are looking at ways to financially make their retirement years more comfortable, while still benefiting from the security of owning their own home.”

Each of the homes will be highly specified to include top of the range appliances and beautifully presented interiors. Downstairs you will find both a lounge and dining room with adjoining double doors giving flexibility, as well as a separate kitchen. Each home benefits from two bathrooms, including an en suite to the master, as well as a downstairs WC. Private parking can be found to the front of the properties, while they all enjoy their own private gardens to the rear.

Homebuyers will have the opportunity to purchase one of the cottages for around 75% of the market value. Through the Merlion Assisted Purchase Scheme (MAPS), purchasers of the cottages will own 100% of their property, with no rent to be paid on the outstanding share.

Prices for the cottages start at £277,500.* For more information, interested buyers should contact Merlion Homes on 01962 439219, email merlion@stubbingsltd.co.uk or visit www.merlionhomes.co.uk

*Price reflects 75% of open market price of £370,000.