Redrow New Homes In Loughton Appear To Beat The Recession

Prices of new homes near to London's tube network have held firm and attract top prices

, according to a recent survey. The special report by Nationwide found that properties within 500 metres of a tube station attract a seven per cent price premium over those 1,500 metres away, even during the recent economic downturn.

Redrow's stylish development at The Rodings in Borders Lane, Loughton, in Essex is just a short walk from Debden underground station, with train times to Central London of around 35 minutes, and it's only 22 minutes direct to Europe's largest shopping centre, the newly opened Westfield Stratford City.

Paul Skinner, assistant branch manager at Abbotts Countrywide in Loughton, has been selling properties in the area for ten years. He says: "Where we have marketed properties close the London Underground we have found that prices, in general, only increase. Even during the downturn, many homes close to the Central Line have actually increased in value. The Rodings is the perfect place for professionals and families to call home, not only for the easy London commute, but also for the fantastic local amenities of Loughton and its proximity to the M11 and M25 motorways. The popular Loughton High Road is also easily reached for shops, bars and restaurants."

Close to Epping Forest and the open countryside, this Essex new homes development offers a range of two-bedroom apartments with prices from 214,000 and two-bedroom townhouses from 304,950. For example, the 'Chadwell' is a stylish two-bedroom home set out over three floors, with a first-floor living area comprising a spacious open-plan kitchen/breakfast room, separate lounge with French doors and Juliet balcony, cloakroom and storage cupboard. Two good-sized bedrooms, which both have built-in wardrobe space, and a modern bathroom are situated on the second floor. This property type starts at 304,950.

All homes at The Rodings are built to modern, energy-efficiency standards and are finished to a high specification including the latest kitchen designs, with floor-to-ceiling units and top name appliances. Bathrooms are complete with modern white suites and quality fixtures and fittings.

The development is open daily from 10.00am to 5.30pm. There are a number of show properties for visitors to see at the scheme and the expert team on site can talk through the Redrow part exchange assistance scheme. This option can take the heartache and expense out of selling an existing home prior to moving in to one of the new properties at The Rodings.

by: Keith Osborne

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