How Luke made it on the property ladder at just 23

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LukeAT just 23-years-old, first-time buyer Luke Tully is one of the youngest people to take advantage of the Government’s Help to Buy scheme, using it to buy his new apartment in Basildon.

Whilst many of his friends are still living with their parents or paying over the odds in rent, the assistant surveyor is now a proud home owner at Weston Homes’ development, Morello Quarter.

“Affordability was high on my wish list, but I also wanted to live somewhere that offered me a manageable commute and that wasn’t too far from family,” says Luke. “Basildon seemed an obvious choice.

“Morello Quarter is only a three minute walk from the train station, I can get to work in under an hour and my parents are about a 45 minute drive away. While I was looking for an apartment I was staying with them and my commute to Canary Wharf was an hour and a half. It’s a dream now in comparison.”

A stylish new development of 426 new build apartments across four buildings, the properties are designed with open planned living, balconies, terraces and roof gardens – and was just what Luke was looking for.

“The apartment is perfect for my needs and I really like that I’m the first person to live in it. A new-build is great as it’s a blank canvas that I can finish to my own tastes. I don’t just have a run-of-the-mill generic apartment like you see in some many new builds. I also have underground parking which is a massive bonus!” adds Luke.

Luke was keen to get on the property ladder after seeing prices rise, and following a work transfer from Leeds to his firm’s office in Canary Wharf, London, he also needed a location that provided an easy commute.

Deterred by the rising property prices in London his dream of homeownership was moving further out of reach and he decided to look further afield for better value for money. Prices at Morello Quarter currently,start from £157,000 for a two bedroom , two bath apartment, making the dream of home ownership a reality for those willing to look in the right locations.

Using Help to Buy, Luke was able to secure his one bedroom apartment with a 5% deposit and to also furnish his new home with some of the savings.

“I’d known for some time that I’d be moving to London with work and that I wanted to buy my own place, but as a young person buying on my own I just couldn’t afford London prices.

“I’d been saving for a deposit and had enough to secure an apartment, but liked the idea of using the Help to Buy scheme to give me more flexibility. I didn’t like the idea of all my savings going towards my deposit and not having a buffer for a rainy day,” added Luke.

Morello Quarter is also an integral part in the transformation and regeneration of Basildon into a modern 21st century town, transforming the town centre and putting the area firmly on the map, whilst excellent transport links into London Fenchurch Street from Basildon mean that commuters can reach central London in less than 30 minutes.

Prices at Morello Quarter currently start from £157,000 for a two bedroom, two bath apartment. For more information, call 01268 520 512 or visit weston-homes.co.uk/morelloquarter.

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