Located in almost the centre of the country, Leicester is very well connected in terms of transport links, with its proximity to the M1 motorway. It’s also a key stop for trains going to and from London on the Midland Main Line, running straight into London St Pancras station, giving residents easier access to the continent via Eurostar services. Boasting two universities, both Leicester and De Montfort, and a range of good schools and shops, it’s an ideal commuter spot for families to find a property to settle in.
New property for sale in Leicester is very affordable, and a wide choice is available. In the west end area of Leicester’s city centre, Barratt East Midlands is selling two-bedroom flats at Freemens Meadow, which is within walking distance of the trendy Narborough Road and Braunstone Gate areas of the town. Prices start from £158,995, and Barratt Homes’ Head Start shared equity scheme is available for buyers looking to put down a 5% deposit, to gain 85% equity. The remaining 15% is funded by a deferred loan from Barratt, which is payable in ten years, or when the buyer sells the property.
A more rural option for buyers is another development from Barratt East Midlands, Kibworth Green. Located in the village of Kibworth, just a few miles away from Leicester’s centre and also within easy reach of neighbouring Market Harborough, with good access links to the A6, Barratt is selling two-, three-, four- and five-bedroom homes here starting from £159,995, going up to £249,995. For buyers in a hurry to move but with a home to sell, Barratt is offering a part exchange deal where they can make an offer for the existing home within just 24 hours. Kibworth itself features a range of independent shops and restaurants, so is a more relaxed option for those wanting a break from busy city life.
David Wilson East Midlands’ Scholars Grange scheme in Scraptoft is a similarly pretty rural development featuring family homes, with prices starting from £194,995 for three-bedroom homes. Recorded in the Domesday Book as Scrapentot, Scraptoft features a range of attractive listed buildings as well as a good selection of shops, with easy access to Leicester city centre. Stamp duty for buyers will be covered under a deal offered by David Wilson Homes.
Redrow is selling homes at the small development of Rossendale Gardens in Earl Shilton, five miles from Hinckley and ten miles from Leicester, starting from £154,995 for three-bedroom homes. Based close to Earl Shilton town centre, a 85%/15% equity share is available on some plots. A busy industrial town in the 19th and 20th centuries, with a rich local history, Earl Shilton is now a relatively small and bustling town, with around 9,000 inhabitants.
Coalville is another option worth considering for buyers looking for affordable new homes in Leicester and the surrounding area. Stamford Homes is selling three-bedroom homes at Ashby Heights starting from under £105,000 with the housebuilder’s EasyStart shared equity 75%/25% scheme. Stamford Homes will pay 25% of a home’s price for buyers with an interest-free loan of up to three years. Buyers can take out this loan for up to ten years, ensuring they manage to complete on the home’s purchase within the time period set by Stamford Homes. Buyers who reserve through this scheme will receive free fitted carpets.