Get ready to trade places with a brand new £775,000 dream house

A leading housebuilder is ready to swap a new £775,000 family home with a buyer who wants to move but can't sell. The special deal will take a home up to the same value as the spacious, new five-bedroom house that is the last unsold property on the CALA Homes development at Balerno - a village within easy reach of Edinburgh city centre.

The house at The Paddock has an open-plan kitchen and family room; a large living room; dining room; study; cloakroom and utility room downstairs. Upstairs are five bedrooms, all with fitted wardrobes, three with an en suite, and the master bedroom even boasts a Juliet balcony. There's also a well-equipped family bathroom. The plot has large gardens and is capped with a double garage.

"The last remaining home combines the best in contemporary living with real craftsmanship and quality," says Sarah Stanger, CALA Homes' sales and marketing director.

The Paddock estate has been popular with buyers, according to the housebuilder, which sold two of the three executive new homes in Edinburgh off-plan just as building was underway.

Balerno is eight miles from Edinburgh and the development is on the historic Ravelrig Estate, once the seat of the Earls of Lauderdale. CALA Homes expects families and commuters to vie for the 2,812-sq-ft home because of the Balerno's village atmosphere coupled with rail links to the capital and car access to the A70, which runs through the village. It is also close to the Pentland Hills Regional Park, which offers excellent walking, cycling, and horse riding as well as golf and skiing on artificial slopes at Hillend.

CALA Homes has been in the building business for more than three decades and specialises in luxury developments with an emphasis on traditional designs which fit into their environment and will age well. Last year, the company picked up six housing awards, including a Bronze for Best Medium Housebuilder at the What House? Awards, and in 2011 has been honoured by the Homes for Scotland Quality Awards and the National House Building Council.

The 'Ranald' at The Paddock is priced at £775,000 from CALA Homes, and is now available with a part exchange deal, which could be great news for those struggling to sell their existing home or who want to avoid the process altogether