Discounted homes to help buyers onto the property ladder go on sale at Lambcote Meadows in Maltby

A selection of new homes in Maltby will be sold at a 20 per cent discount on their market value as part of a scheme to help people onto the property ladder.

Jones Homes is providing five three-bedroom semi-detached Starter Homes at its Lambcote Meadows development in the village, where it is building a total of 100 properties on land off Grange Lane.

Two of the Starter Homes are now available to buy at the discounted price of £191,996 – which is 80 per cent of the open market value of £239,995.

The homes are being delivered as part of the housebuilder’s planning agreement for the development, which includes a commitment to provide affordable housing.

Jayne Swift, Sales and Marketing Director for Jones Homes Yorkshire, said: “These Starter Homes are available to first time buyers and current or former members of the armed forces who meet criteria.  They will help people who are not eligible for traditional affordable housing but who cannot afford the full market value of a property.

“The Starter Home scheme prevents those people falling through the gap. It allows them to purchase a property and also ensures that that benefit remains in the community because when the home is eventually sold on the discount remains, so it will continue to help buyers in a similar position.

“Our Starter Homes at Lambcote Meadows are high quality, modern three-bedroom semi-detached houses and this is a big opportunity to own the kind of home that might otherwise have been out of reach.”

The five Starter Homes at Lambcote Meadows are in Jones Homes’ Birch house style. This has three bedrooms, a kitchen-dining room leading out through French doors to the garden, and a separate living room.

To be eligible for the scheme, the purchaser must be a first-time buyer or a former member of the Armed Forces, with an annual household income of less than £80,000 and the home must become their sole or main residence.

They must also meet one of the following criteria:

• Be aged 23 to 39
• Be purchasing jointly with a first-time buyer who is aged 23 to 39
• Be a current or former member of the Armed Forces who was injured in service; or the partner of a member of the Armed Forces who died in service.

Construction work started on Lambcote Meadows in 2022 and the first residents moved into their completed homes earlier this year.

To find out more about Lambcote Meadows, click here.