Bristol renters invited to first-time buyer event by luxury developer
First time buyers are invited to an exclusive event to encourage them to purchase their first home, as figures show that the average cost of renting a property in Bristol has risen by 60% in recent years.
The event will take place at City & Country’s stylish Factory No. 1 development from 10am - 4pm on Saturday the 20th of January.
New data from the Office of National Statistics has revealed the price of renting in Bristol has risen from £1,054 in January 2015 to £1,688 in October 2023.
With many people opting to escape the rental trap and become homeowners, the event will provide an opportunity for first-time buyers to discover the financial incentives on offer at Factory No.1. Valid on selected plots, buyers can benefit from a 5% deposit contribution towards their transition from the rental market and onto the property ladder.
Natasha Callaghan, Senior Marketing Manager at Factory No. 1 said: “Factory No.1 is an extremely popular development amongst our first-time buyer market, with many young buyers eager to tap into the heritage of the area and purchase a conversion apartment.
“Bristol residents benefit from the buzz and connectivity of an up-and-coming city, which is why it has long been regarded as the ‘new London’. However, house prices are often a lot cheaper than London, so it’s clear to see why our Factory No.1 development has been so popular.”
Fiona Harris, Mortgage Advisor at FLH Mortgage Services, will be on hand to answer questions about purchasing your first home and offering valuable insights on how to navigate lending expectations in the current market.
Fiona said: "Bristol is a terrific destination for young homebuyers who want to enjoy the benefits of city-centre living. With mortgage rates set to drop in 2024, the year has begun with good news for these first-time buyers.
“When buying a property like an apartment, such as the ones at Factory No.1, some lenders are willing to take on those with a smaller deposit of just 5-10%, rather than the standard 15-20%. This can make it easier for people to move onto the property ladder, and out of the rental market."
Attendees of the first-time buyer event can also visit City & Country’s newest show home, which launches Saturday 20th January. Located on the site of the former Imperial Tobacco Factory, Factory No. 1 consists of a collection of conversion and new-build apartments. Their latest show home, 64 Regent House, is situated on the third floor of a Grade II-listed Edwardian Baroque style building, originally designed by Sir Frank Wills, and now comprises 70 converted apartments. The sensitively restored one bedroom 452 sq. ft. apartment has been restored to meet the highest modern of specifications throughout.
Entering the home, you are met with an open-plan kitchen, living and dining space, which has been carefully designed to maximise entertaining space. Cool-toned and contemporary, the interiors blend a mixture of glass, chrome and matte black with splashes of blue. The apartment also includes a separate utility space to keep your new home clutter-free.
The bedroom follows a similar theme of modern, pared-back elegance with chromes and silvers integrated throughout. A soft feature headboard adds warmth to the room, creating a relaxing space to unwind.
Clementine Collins, Interior Designer at City & Country said: “When designing this apartment, we opted for subtle blue tones in the living spaces, tied together with lots of cool-toned abstract artwork. The bedroom has quite a sumptuous feel to it with the tall, padded headboard. The whole apartment has a modern twist, which nicely balances with its historic roots.”
Residents of Factory No.1 benefit from peaceful landscaped gardens as well as a balcony or terrace in many homes. As a secure gated development, residents have access to a 12-hour concierge service to assist in day-to-day needs. Undercroft car parking is also available on selected homes.
Only a five-minute walk from Bedminster train station and 15 minutes from Bristol’s Temple Meads station, the development is perfectly placed and fits well into Bedminster’s rich cultural setting, with North Street’s array of independent bars, shops, and restaurants just a short walk away.
City & Country's conversion homes start at £250,000, with one-bedroom new-build homes starting at £320,000. The Factory No.1 sales suite and show homes are open daily from 10am to 5pm. For more information, call 01174 535 155 or visit www.cityandcountry.co.uk.
