Multigenerational homes offer room for the boomerang generation
With a growing number of young adults living with their parents for longer, more people are looking for a home that gives everyone some space.
Flexible accommodation and multiple bathrooms are key to parents and their grown-up children living in harmony.
According to the Office of National Statistics there are 20% more 20 to 34-years-olds living in the family home than in 1997. The figures include those who are yet to fly the parental nest and the ‘boomerang generation’ – grown up children who return to live at home after university and / or starting work because they simply can’t afford to own or rent a home of their own.
Redrow is addressing the growing trend of multigenerational living by building homes that allow parents and their adult children to live under one roof while also enjoying the space and privacy they need.
For example, the five-bedroom Hampstead at Tove Grange in Towcester has two bedrooms on the top floor – otherwise known as ‘rooms in the roof’ – with a shower room between them. It’s the ideal space for two older children or for one young adult to have his or her own bedroom, a separate living area and a bathroom, all conveniently tucked away from the rest of the household.
The first floor master bedroom has its own en-suite, as well as a dressing room, the two remaining bedrooms on this floor share the family bathroom and there’s a cloakroom /wc on the ground floor for guests.
“A house like this is ideal for families who are experiencing the impact of the boomerang generation. Grown up children can enjoy some freedom and privacy on the top floor, leaving their parents and younger siblings to share the middle floor. There are ample bathrooms so that no one is left waiting and the Cheltenham’s ground floor accommodation is spacious enough for the whole family,” Helen McGill, area sales manager for Redrow Homes (South Midlands) explained.
Priced from £467,950, the Hampstead has a lovely open plan kitchen, diner and family room with enough space for a table that seats eight people, as well as a casual seating area. This informal, sociable space is complemented by a separate lounge, offering somewhere quieter to relax away from the hustle and bustle.
And there’s more good news for families who are ‘bursting at the seams’ in their current home – Redrow’s five-bedroom detached Hampstead can be bought using the Government-backed Help to Buy scheme, which allows purchasers to take out an equity loan for up to 20% of the initial purchase price.
It’s available on properties up to £600,000, so a £467,950 Hampstead can be bought for the reduced price of £374,360. Purchasers should only need a 4% deposit and the 20% equity loan is interest free for five years.
The new homes at Tove Grange are close to all the amenities of Towcester, while Northampton and Milton Keynes are also easily accessible, making it a good base for those with family members working in either town.
The sales office and showhome at Tove Grange are open daily from 10am to 5.30pm. For more information, call 01327 438 385 or see www.redrow.co.uk/tove.
Redrow Homes is one of the UK’s leading house builders, operating across England and Wales, with a strong emphasis on high quality family housing in prime locations. Its New Heritage Collection of family homes combines traditional looking, ‘Arts & Crafts’ influenced exteriors with bright, modern, high specification interiors. Established more than 35 years, the company has won numerous awards over the years. Redrow received a 5* Award in the Home Builder Federation (HBF) annual customer satisfaction survey in 2011, 2012 and 2013; collected the Silver award in the Large Housebuilder category of the 2012 What House? awards; and its ‘Share a little bit of joy’ campaign was named best marketing initiative at the 2012 Housebuilder Awards. Web: www.redrow.co.uk.