Retired homeowners hoping to release equity from their homes are often encouraged to downsize, with a change of location increasing the potential to release large amounts of cash.
Those who live in houses within Zone 2 of Northwest London may be loath to give up their prime spots in the capital, but if the plan is to offer money to children for home deposits as well as to free up some extra retirement income without compromising on comfort, moving further out of town is worth considering.
A downsizing event is being held this Saturday at new development, Stanmore Place, for anyone considering such a move and interested in a new home.
The lakeside development consists of 798 new homes set in landscaped grounds. Bentley Priory Nature Reserve is on the doorstep and is excellent for afternoon walks and nature trails with family and local residents.
Mark Johnson, associate, Preston Bennett, said: “Not only does downsizing release capital, it also enables home owners to simplify their lifestyle.
“Throughout 2014 we have seen a marked increase in the number of buyers who are looking to downsize from large family homes to properties which afford convenience.
St Edward’s collection of new homes is ideal for downsizers seeking a tranquil and picturesque setting within easy reach of Central London – perfect for keeping up with adult children who may be based there, old friends and pastimes.
Tim Pettman, Sales Director, St Edward, comments: “Stanmore Place provides a terrific opportunity for downsizers to own a home close to Central London without sacrificing the peaceful and relaxing lifestyle.
“With facilities such as the 24 hour concierge, private residents’ gymnasium and open green space the quality of life available at Stanmore Place is attracting significant interest from mature buyers looking to downsize.”
The homes are also spacious enough for entertaining and built to energy efficient specifications, with high levels of thermal insulation, energy efficient lighting and highly efficient central boilers.
The Stanmore and Bushey area abounds in antique shops, cafés, boutiques and restaurants – a village on the outskirts of Central London – while the nearby Sainsbury’s superstore and Brent Cross Shopping Centre cater to residents’ practical retail needs.
The development is located within easy walking distance of Canons Park underground station, which provides direct Jubilee line access to Bond Street in less than 30 minutes. Access to the M1 and M25 allows for easy transit to Heathrow and Luton airports.
Developer St Edward will be hosting a downsizing event at the Sales & Marketing Suite at Stanmore Place on Saturday, 31st January, 12-4pm.
Prices at Stanmore Place’s newest collection of homes start from £395,000. For more information please visit stanmoreplace.co.uk or call 020 3740 2940.
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