Lots of people in their 50s and 60s are staying just as active as they were in their 20s and 30s, and once their children fly the nest many decide to relocate, downsize and enjoy spending some hard-earned cash on themselves - rather than having equity tied up in a big property they no longer need.
It makes more sense than ever to buy a brand new home if you're an 'empty nester': you'll benefit from lower running costs and fewer maintenance demands both now and as you get older, leaving more time and money for the things you enjoy. Those looking to find a property to downsize to in the South West have a fantastic range of options across the region, many with a ten-year NHBC warranty to offer extra peace of mind.
Our choice of popular locations for downsizing in the South West are:
Just on the edge of the lovely coastal town of Sidmouth in Devon, Fortescue Acres from Linden Homes is a great place to downsize near the beach. Sidmouth is said to be six per cent warmer than London in winter, with less rainfall than any other West Country resort. Smaller two-bedroom options are priced from £224,950.
Linden Homes is offering a range of incentives for those buying at Chippenham's Market Quarter, including one-bedroom homes from £99,950. They will be the guaranteed buyer for your current home; pack and move you; and pay your first three months of mortgage repayments. The insulation and heating is designed to keep running costs to a minimum.
David Wilson Homes' Wyndham Park flagship development is perfect for those who still want some extra space for visitors, with a selection of two-bedroom (and larger) homes just on the edge of Yeovil, priced from £209,950. Located near riverside walks and great local amenities, the wide range of home sizes should attract a good mix of couples and families, creating a lively environment.
House-buyers looking for a village setting could look at the Broad Meadow development from Banner Homes in Leonard Stanley, right in the heart of the Cotswolds. The village has a pub, doctor, dental surgery and mobile library, while the bigger town of Stroud is only four miles away. Prices for the 29 detached and semi-detached homes and apartments are soon to be announced.
Aspect is just the ticket for those seeking contemporary living in a town centre location. Close to beautiful countryside yet within walking distance of Taunton's restaurants, shops, supermarkets and transport links, Aspect is ideal for those wishing to live life to the full, or for those wanting to relax safe in the knowledge that the town's amenities are on their doorstep. The studios and one-bedroom apartments are priced from £75,950, built to a high specification, and there is a lift to all floors.
Market Quarter in Chippenham, from Linden Homes, makes an ideal development for downsizers, with a deal to buy your old home and move you into a brand new property, built and fitted to the latest standards, with minimal maintenance and low running costs
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