Rising House Prices Mean Now Is The Ideal Time To Buy In Oakham

Published by Mike Holland for Larkfleet Homes in Housing

According to the Land Registry, house prices inRutlandhave already increased by 4.2 per cent so far in 2011. With increasing house prices set to continue for the remainder of the year, buying a property in Oakham now will be a sound investment for the future.

Grant Murray from Murray Chartered Surveyors and Estate Agents commented: “We are experiencing a very busy 2011 with many new buyers looking to move to Rutland from outside the area. Interestingly, the demand seems to be for all price ranges. Rutland is considered a very desirable place to live not just regionally but also nationally.”

Rents in the Oakham area are also increasing, meaning that renting a property in the area may cost more than buying a home.  

Larkfleet Homes (www.larkfleethomes.co.uk), part of the Larkfleet Group (www.larkfleetgroup.co.uk), has an exclusive selection of houses, bungalows, apartments and cottages on offer at its The StableYard development, set in the outskirts of Oakham inRutland.

Interest rates at an all time low and the equity schemes on offer from Larkfleet Homes mean that it can be cheaper to buy with Larkfleet than to rent a property in the area.

For example, Larkfleet’s Lend a Hand scheme is the clever way of getting onto the property ladder as it allows customers to pay only for 85 per cent of the initial cost on selected properties.

The saving potential in buying instead of renting is significant. A two-bedroom apartment in the Oakham area could cost as much as £450 a month to rent. With Larkfleet’s Lend a Hand scheme, the monthly mortgage on a Larkfleet property could be as low as £420.

As well as two-bedroom bungalows and cottages, one, two and three bedroom houses and two-bedroom apartments, some properties on The StableYard development also boast live/work units so homeowners can enjoy the convenience of working from home.

Larkfleet’s three bedroom terraced houses on Saddlers Row at The StableYard allow living and working spaces to remain completely separate. These live/work properties include a home office with a separate entrance meaning homeowners really can enjoy the independence of working from home without it encroaching on their family life.

Larkfleet’s spacious live/work units can be utilised for an office, annexe, or even a teenager's own room - the possibilities are endless.

Larkfleet sales director Jason Colmer commented: “The Oakham area has seen a steady rise in house prices during 2011 and this trend may continue for some time. With Larkfleet Homes, homebuyers may very well find it more financially viable to buy a property than rent. Buying a property in a sought-after area such as Oakham means that homebuyers are likely to get a sound return on their investment in years to come.”

Choosing a Larkfleet property as your new home could also eliminate some of the stress that comes with moving house. On certain Larkfleet plots, homebuyers can receive help with mortgage deposits, estate agent fees and even stamp duty, making the moving process as simple as possible.

Larkfleet’s innovative StableYard development is approximately one mile from the centre of Oakham – ideal for those working in and around the town.

For further information on this development, please contact a sales adviser on 01572 722262 or visit www.larkfleethomes.co.uk.