New Build Owners Can Save £2000 a Year on Household Bills
As the cost of living rises and utility bills continue to increase, buyers are showing a noticeable preference for new-build properties rather than older homes. Research released in August 2022 showed an 11% increase in the number of house hunters searching for new-build properties in July compared with the previous month.
One of the reasons being that new-build homes are dramatically more energy-efficient than most existing homes and can save owners an average of £2000 a year on household bills. Couple that with a survey by the Mortgage Advice Bureau which shows 19% of potential buyers wouldn’t consider a house with an *EPC of below grade C and 46% would rather have good insulation over a bigger garden (29%), and you can understand the new bias.
We have several popular new build developments available, our latest being Mayflower Meadow. This brand-new development of two, three, and four-bedroom homes is located in the picturesque village of Angmering, West Sussex. Set around a verdant square and carefully designed with a focus on sustainability, Mayflower Meadow homes all have generous gardens and the best EPC rating of ‘A’, giving potential buyers the best of both worlds.
Stamp Duty is paid on selected homes and as with all the developers we use, Mayflower Meadow developer Sigma Homes adheres to the high standards set out by the New Homes Quality Board.
If you’re planning a move and are looking for a property where your bills will cost less and where you may qualify for a cheaper ‘green’ mortgage, your next home could be in Mayflower Meadow.
*What is an Energy Performance Certificate (EPC)?
It’s never been more important to know exactly how energy-efficient your home is. All homes in the UK must have an EPC rating before they are sold or let to show how energy-efficient they are. EPC ratings go from A to G, with A being the best rating and G being the worst. A property’s EPC rating depends on two measurements:
- The amount of energy used per m²
- The level of carbon dioxide emissions in tonnes per year
In simple terms, the better your home’s EPC rating, the more you benefit – and a good EPC rating (A, B or C) doesn’t just mean cheaper energy bills. You can also benefit from:
- A lower mortgage. You could be eligible for a green mortgage, which gives you better terms and may include a lower rate of interest and cashback. New-build properties with an A or B rating are the homes most likely to qualify for a green mortgage
- Improved property value. If you want to sell in the future, a good energy rating will boost your property’s value
- Lower carbon footprint. The less energy you need to use to heat your home, the lower your carbon emissions are overall
To find out more about Mayflower Meadow or to register your interest in any of our new build developments, contact our New Homes office on 01903 228 601.