Average rent in the South West up by 8.5%

Local developer Summerfield, are looking to ease the strain on renters in Somerset by offering financial advice on their Help to Buy properties at Bartletts Elm near Langport, Somerset.

A recent report shows the average rent now paid on properties in the area is 8.5% higher than 2014 with renters paying an average of £795 per month in Taunton. People may not be aware that the average monthly cost of a Help to Buy property on the brand new Bartletts Elm development is under £500 per month.

Summerfield will be holding an open day this Saturday, 7th November with financial advisors on site to help buyers see the potential savings while owning their very own home. The plots remaining on the site also come with free carpets and blinds throughout saving buyers up to £3,500.

Image 2 - Exterior of Summerfield's new homes at Bartletts Elm, Langport

Craig Pyne, mortgage advisor for Fox & Sons in Taunton, one of Summerfield’s agents for the development, said:

“With the government’s Help to Buy schemes, it’s now even easier to get the home of your dreams. The schemes are a great way of getting the property you want at a fantastic rate. There are different schemes that will benefit different situations for different people. I’ve helped many people in Taunton take advantage of this scheme and it’s a pleasure to get someone the home they’ve always wanted with Summerfield.”

The open day will take place from 10am to 4pm with a Christmas theme as new buyers are now guaranteed to be in before Christmas. Mulled wine and mince pies will be available while visitors explore Summerfield’s collection of new starter and family homes.

Richard Nicol, divisional sales director for Summerfield, commented:

“The region is currently seeing the third highest rent-to-income ratio in the country, so the time couldn’t be better to make the move into home ownership. The Bartletts Elm development is great for those on lower to mid-level incomes while also being in an attractive, rural setting, surrounded by countryside, yet close to the town of Langport. With just a few homes remaining on this site, the open day is a great opportunity for those looking to be settled in their new home for Christmas.”

Visitors to the open day will have the chance to learn all about the homes available which include two 2-bed homes and one 3-bed home. Prices range from £157,500 to £185,000.

For further information about Bartletts Elm, or to request a brochure and plot locations, please visit www.summerfield.co.uk or contact the development’s estate agents Fox & Sons on 01823 286161 or Greenslade Taylor Hunt on 01458 250589.