New housing estate hits the market

Exciting news for Newtown residents and homebuyers as more than 30 homes are set to hit the market on a shared ownership scheme, marking a unique opportunity within Powys.

The Maes Dulais development, located on the outskirts of Newtown, offers a total of 68 properties, blending shared ownership and social rented housing to meet the diverse needs of the community.

The housing association Barcud, responsible for the development of the site near the Newtown Bypass on Llanidloes Road, is delighted to announce the release of 31 homes under the shared ownership scheme. This innovative approach aims to provide first-time buyers and families with a pathway to homeownership.

Interested individuals are invited to explore the Maes Dulais development on an open day scheduled for Saturday, 5th October 2024, from 9am to 1pm.

Flexible ownership options

The homes, ranging from one to four bedrooms, offer eligible buyers the chance to purchase between 25% and 75% of the market value. In addition, occupants will pay a proportion of the market rent for the remaining share, promoting affordability and accessibility for potential homeowners.

Constructed by SJ Roberts Construction and facilitated by Morris Marshall and Poole, each property is designed with energy efficiency in mind. Equipped with cutting-edge technology such as solar panels and air source heat pumps, residents can expect reduced energy bills and a lower carbon footprint.

Alex Dawson from Barcud expressed enthusiasm for the scheme, highlighting its significance in facilitating home ownership opportunities for individuals and families in the region. Bryan Jarman of Morris Marshall and Poole commended the initiative's flexibility in ownership percentages, emphasizing the potential for buyers to eventually own their homes outright.

For those seeking more information on eligibility criteria and details of the available homes, the Newtown office of Morris Marshall and Poole, located in Broad Street, can be contacted at 01686 626160.