Reduce Household Bills with New Build Shared Ownership Homes

With inflation rates now at their highest level since the early 1980s, the cost-of-living crisis is significantly impacting households across the UK.

As homeowners face sky high energy bills this winter, the appeal of a new build home, designed to be more energy efficient and engineered to be draught-free and generously insulated, is more attractive than ever.

Research from Warwick Estates has found that energy bills for the average new build are over £400 cheaper than the average existing property, meaning home-buyers who purchase a new build property could see their energy bills reduced by as much as 60%. *

Leading first time buyer property portal Share to Buy offers the nation’s largest listing of Shared Ownership and Help to Buy homes, helping prospective purchasers take a step onto the property ladder at a more affordable level. With most homes listed on the site newly constructed, many houses and apartments currently for sale are providing buyers with those all-important energy saving features.

One of Britain’s first zero-carbon developments, SO Resi Hope Green currently has homes available through Shared Ownership listed on Share to Buy. The contemporary two, three and four bedroom homes in Thurrock have been crafted using advanced materials and techniques to reduce net energy usage and shrink heating, lighting, and water bills for all residents. Across a lifetime, properties at SO Resi Hope Green are expected to save residents thousands of pounds in energy bills. Prices start from £94,500 for a 30% share of a two bedroom house, £111,000 for a 30% share of a three bedroom house and £143,250 for a 30% share of a four bedroom house.

Also listed on Share to Buy and boasting impressive green features is Kidbrooke Square from Notting Hill Genesis. Set in the heart of the Royal Borough of Greenwich, the stylish collection of one and two bedroom apartments have been built to a carbon reduction target of 39.6%. Renewable energy is utilised throughout the development, including solar panels and energy-efficient integrated appliances in all homes. Guide prices for one bedrooms start from £88,750 for a 25% share, and for two bedrooms from £111,250 for a 25% share. 

Located equidistant between sought-after Earlsfield and Wimbledon, Catalyst is delivering 181 one-to-three-bedroom Shared Ownership apartments at The Switch. Helping residents’ costs remain low, PV solar panels contribute towards reducing service charges by powering the lighting for the communal areas, and ‘green roofs’ support biodiversity, benefitting water management and air quality. In addition, helping to reduce fuel and public transport costs, The Switch has electrical charging points and all-important secure cycle storage available. Prices start from £140,000 for a 25% share of a two bedroom apartment.

Nick Lieb, Head of Operations at Share to Buy, comments: “We’re all feeling the effects of the cost-of-living crisis, and as we head towards winter, bills will start to become increasingly unaffordable for many households across the country.

“New builds are generally built to be more energy efficient – typically offering double glazing, more efficient boilers, restricted-flow taps and better insulation as standard. In addition, schemes such as Shared Ownership mean that buyers can purchase their first home at an often much more affordable level – crucial at a time when costs are rising across the board. By purchasing a new build Shared Ownership home, you could ultimately end up saving yourself hundreds of pounds on living costs and thousands on your initial deposit.”

All homes listed can be found on sharetobuy.com

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