We pride ourselves on delivering a service worthy of our continued industry recognition for excellence.

Pennyfarthing Blogs

17 Sep Charlotte and Sam: Stepping onto the property ladder through the Starter Home Initiative

Posted at 04:05 in by Joanna Kennedy | No Comments | 0 Likes |

Starter Home hits the right mark for young couple


"We were really impressed with The Setwood home, the space was open and airy and we loved how it was all brand new, clean, fresh and ready to move into."

With the average age of a first-time homeowner being 30, Charlotte (23) and Sam's (25) dream of owning a home together has become a reality sooner than the norm after using the Starter Home initiative at Pennyfarthing Homes' Greenwood Place development in New Milton.

After living with their parents to save and six years of back and forth between Christchurch and Hordle, near New Milton, to spend time together, the couple have now been happily living in their first home for almost a year. As first-time buyers the couple were eligible for the Local Authority Starter Homes scheme, which was available at Greenwood Place. Charlotte explains:

"The Starter Home initiative enabled us to purchase our first home with a 20% discount on the market price. This meant all the money we worked so hard to save enabled us to purchase a two-bedroom home rather than a small one-bedroom flat. As part of the initiative we will need to stay in our home for five years, but this suits us just fine as we've got plenty of room for our current needs. Essentially, we are future proofed with the great amount of space limiting the requirement to move and the need to spend out on stamp duty and solicitor fees for the next few years."

The couple had been keeping an eye on the property market in the area regularly for two years, however no property stood out enough for them to arrange a viewing until they came across Greenwood Place.


"It really is the ideal place for us to entertain and host our friends and family who all live close by. We're looking forward to many more years to come in our beautiful home!"

Charlotte adds: "We were open to the idea of both old and new homes; we just really wanted two bedrooms to enable us to stay in our first home for a long time. When we came across Greenwood Place we knew it was the place for us -the homes were nicely designed, and the location was brilliant with being close to work for me in Lymington and an easy travel to Bournemouth for Sam's job.

"We made the decision to go and have a look at the development and see what was on offer and what we might be able to afford. We were really impressed with The Setwood home, the space was open and airy and we loved how it was all brand new, clean, fresh and ready to move into."

Going through the process of buying a home can be quite daunting for first time buyers, it's a big step to undertake but both Charlotte and Sam found the process of buying their home that little bit easier thanks to the Pennyfarthing team. As Charlotte explains:

"As first time buyers the process was somewhat intimidating, but the sales team explained a variety of options to us, including the Starter Homes which we weren't aware was an option. However, the team made it simple to understand and were with us every step of the way to ensure it was the right decision and move for us.

"There were just two plots left when we visited the development, and we knew we had to have one! What was reassuring was that once we'd reserved we knew it was secured. We also weren't part of a vulnerable chain or at risk of others pulling out which made what is renowned as a stressful process that bit easier, it was an added peace of mind for us as we'd fallen in love with the house."

The couple have been enjoying the benefits of living together in their home for a year now and are settled into life together: "Our home is perfect, we've got the two bedrooms we wanted, it's an end of terrace with two allocated car parking spaces, a garden, a patio and a shed; we couldn't have wished for anymore for our first home!

"The surrounding community is very friendly with loads of families and young couples and we've got the added bonus of being close to the high street with an abundance of convenience stores and shops. We've also become regulars at the neighbouring Willow Barn restaurant, it's perfect for us when we don't want to cook!

"It really is the ideal place for us to entertain and host our friends and family who all live close by. We're looking forward to many more years to come in our beautiful home!"

Augustus Park, winner of Development of the Year in the South Coast Property Awards 2019 offers purchasers a selection of two- and three-bedroom starter homes exclusively available to first time buyers. Prices start from £225,000.

No Comments
Comments are closed.