26 July 2018
New development in Bath gets underway as Pemberley Place is launched
Work on Hanover’s new age-exclusive development in the World Heritage listed City of Bath has begun. Pemberley Place - which is named after the fictional country estate owned by the infamous Mr Darcy of Jane Austen’s Pride and Prejudice - will deliver a range of homes that combine classic style with the very latest secure technology.
The modern, spacious apartments for over 55s are being built in the Lansdown area of the historic city and will see 72 one and two-bedroomed homes developed in partnership with Bath and North East Somerset Council (BANES).
A fully accessible, two-storey development, Pemberley Place is being constructed by the leading regeneration specialist Galliford Try Partnerships and is expected to be completed in Summer 2019.
Designed around an attractive landscaped quadrangle, it will offer flexibility to adjust to the changing needs of residents. The new apartments will encourage customers to remain independent by moving to a comfortable, low-maintenance homes that are easier to manage and which don’t compromise on style and space. With easy access to the city centre for shopping and socialising, Pemberley Place also benefits from having the beautiful Somerset countryside on the doorstep.
Last week dignitaries from Bath and North East Somerset Council, Homes England and Hanover officially launched the development. To mark the unveiling of the Pemberley Place name, students from the neighbouring Abbot Alphege Academy created some colourful and heartwarming artwork for the site hoardings, depicting older people.
Speaking at the launch, Chair of Hanover, Dr Stuart Burgess said: ‘Bath is a highly desirable place to live. We hope that this development will offer those living locally the opportunity to benefit from high quality, secure and well maintained properties. The design includes an inviting communal hub to help encourage the wider local community to visit and help make best use of the facilities and services available.’
How does the shared ownership work?
Shared ownership is a way of buying a home for 75% of its full purchase price, with 25% owned by Hanover. When it comes time to sell the property, you simply sell your 75% share for its value at the time. This means you may be able to buy a home that might otherwise be unaffordable and/or enables you to release money to use where you need it elsewhere.
To get an understanding of the new development and see an interview with some of those involved in the project, please click to view the following video:
Show apartments are due to be launched in Spring 2019. Those wishing to register interest should contact 01480 223179 or visit the Pemberley Place web page.