Hyde New Homes Annual Review 2011-12 - Hyde Housing ...

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COMMUNITY BUSINESSES Mollison Drive Flats 1 – 18, 40 Mollison Drive, Wallington, Sutton, Surrey SM6 9BY LOCAL AUTHORITY London Borough of Sutton HANDOVER DATE 14 March 2011 NEW BUILD HOMEBUY 5 x 1 Bedroom apartments from £142,500 13 x 2 Bedroom apartments from £170,000 Rent policy on unsold equity 2.5% SCHEME STATISTICS Total Homes 18 Total Homes Sold 2011/12 18 Marketing Date Jan 2011 Date of Final Sale 14 Oct 2011 Average Share Sold 43% Rent2.5% Average Sales Period (weeks) 13 ETHNICITY BREAKDOWN British (White) 67% Other (White) 11% Other (Asian or Asian British) - African (Black or Black British) 22% Chinese- Mixed Other - PURCHASER PROFILE Average Income £27,500 Average Age 28 Privately Renting 50% Living with Family/Friends 50% Social Tenants - Home Owner - 32 Hyde New Homes Annual Review 2011/12
CASE STUDY “I feel really settled now and I’m only paying what most people would pay to rent a studio flat in this area!” School administrator Alison, 34, moved into her two bedroom apartment in Deptford in March 2011. Alison had been renting since returning from travelling, but decided to move back in with her parents to save for a deposit. ‘I wanted to find a home somewhere close to where I work in Bermondsey. I looked on the open market for a while and couldn’t find anything that had a roof within my price range! I had been looking for about two years when I saw this property on the Hyde New Homes website. I got really excited as it ticked all the boxes for location, and size; I was sure I would have to settle for a one bedroom or a studio apartment and was delighted I could afford a home with two bedrooms. ‘Once I decided to go ahead with the purchase, the whole process was very speedy; the current owners were moving into rented accommodation. This just left my mortgage and legal work to arrange; I must admit I had no clue how to go about buying a property, but the resales team were brilliant and were always on hand to answer my questions. The whole thing took about three months from viewing to moving in. ‘It is nice to have my own space! I can walk into Greenwich in half an hour along the river and I love the fact I can park my car outside the development, not five miles away. I work nearby in Bermondsey, so the commute time is really short. The public transport links into central London are also very good if I fancy a wild night out! ‘The flat itself is spacious and light. I feel really settled now and I’m only paying what most people would pay to rent a studio flat in this area! Shared Ownership is a great way of allowing ordinary people to live in areas that they wouldn’t normally be able to afford.’ Hyde New Homes Annual Review 2011/12 33
Page 1 and 2: Hyde New Homes Annual Review 2011-1
Page 3 and 4: Contents PAGE Introduction 4 Market
Page 5 and 6: Out of the 43 sales the average tim
Page 7 and 8: Initiatives At Home At Home, the qu
Page 9 and 10: How are we doing? A customer satisf
Page 11 and 12: HYDE SOUTH EAST (LONDON) ESSEX Hyde
Page 13 and 14: HYDE SOUTH EAST (LONDON) Bolanachi
Page 15 and 16: HYDE SOUTH EAST (LONDON) Halligan
Page 17 and 18: CASE STUDY ‘We spent years in gro
Page 19 and 20: HYDE SOUTH EAST (KENT) ESSEX Cavend
Page 21 and 22: CASE STUDY “One minute I was casu
Page 23 and 24: HYDE MARTLET Y GREATER LONDON KENT
Page 25 and 26: CASE STUDY “We will never move fr
Page 27 and 28: HYDE MINSTER NORFOLK Hyde Minster S
Page 29 and 30: CASE STUDY “We did have a bit of
Page 31: COMMUNITY BUSINESSES ESSEX Communit
Page 35 and 36: HYDE VALE Hyde Vale KENT Hyde New H
Page 37 and 38: HYDE VALE fantastic deals at london
Page 39 and 40: Computer-generated image * * Comput
Page 41 and 42: HYDE VALE 75% NOw SOLd LOVE LIFE IN
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Hyde New Homes Annual Review 2011-12 - Hyde Housing ...

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