News

Show home now open
22 JUNE 2019

The Quadrant Wharf team is celebrating the opening of a fabulous new show home for the development.

It gives prospective purchasers the opportunity to see the high-quality finishes and specification on offer across Quadrant Wharf’s range of apartments and split-level homes.

Perfectly placed within Millbay, Plymouth’s Coastal Quarter, Quadrant Wharf is the fourth phase of the regeneration project which is transforming the former Millbay Docks and offers residents the chance to enjoy city living and the tranquillity of waterside life.

The new 137-home development features a collection of one, two and three bedroom apartments and split-level homes, with the first new homes now available for reservation and scheduled to be completed from Autumn 2019.

Book an appointment with a sales advisor on 01752 676620, email on sales@quadrantwharf.co.uk or use our contact form.

Show home kitchen/living room     Show home bathroom

Show home living room
Sue Dyer

Help to Buy: How it works
17 MAY 2019

First-time buyers can snap up a fabulous new home at Quadrant Wharf, in Plymouth’s vibrant coastal quarter of Millbay, for a deposit as little as £8,250, thanks to the Government-backed Help to Buy scheme. Sue Dyer, from Plymouth agents Atwell Martin explains how it works.

Being a first-time buyer can be a daunting process, with often complicated financial and legal jargon to get to grips with, and the prospect of deposits that can seem out of your league. You may even worry that you will never be able to afford to purchase your own home. But this doesn’t have to be the case.

The good news is that first-time buyers in the South West are being given a leg-up on to the property ladder, with the help of the Government-backed Help to Buy scheme. The scheme offers loan assistance to help buyers purchase their first home as well as to homeowners looking to move.

And it means that modern and contemporary new builds, like the new homes at Quadrant Wharf in Millbay, are brought into the reach of prospective buyers choosing to take advantage of a Help to Buy Equity Loan.

How does it work?

The Help to Buy scheme makes it easier for people to buy a property who, perhaps are struggling to put together a deposit and makes new builds available to all home buyers. There are certain restrictions however. For example, you won’t be able to sublet this home or enter a part exchange deal on your old home. And you must not own any other property at the time you buy your new home with a Help to Buy: Equity Loan.

Under the scheme, buyers will only have to put down a minimum of five per cent of the purchase price. The Government will then lend up to 20% of the value of the property, the maximum you can borrow from Help to Buy is £120,000.

After that, you will need to secure up to a 75% mortgage from a commercial lender such as a bank or building society to make up the rest.

With selected contemporary new homes at Quadrant Wharf eligible for Help to Buy, it means buyers could move into Plymouth’s coastal quarter of Millbay with a deposit of as little as £8,250 on a one-bedroom apartment costing £165,000 or £11,500 on a split-level home with two bedrooms with a purchase price of £230,000.

What are the benefits?

Not only do buyers need to secure smaller deposits, but first-time buyers also benefit from having to pay no stamp duty on homes up to £300,000 – so together these two Government initiatives increases the buyer’s prospects of qualifying for a mortgage, as they are ultimately having to borrow less from commercial lenders.

The Help to Buy loan is also interest free for the first five years, allowing first-time buyers a chance to adapt to life as property owners, with regular mortgage and bill payments. After this period, there will be an interest fee of 1.75% on the amount of the outstanding loan, with this rate increasing in line with inflation (based on the Retail Price Index) plus 1%. You will have to pay a monthly management fee of £1 per month from the start of the loan until it is repaid.

When do I have to pay the loan back?

The loan must be repaid after 25 years or when you decide to sell the property, if earlier.

The total amount repayable by you will be the proportion of the market value of your home that was funded by the Help to Buy loan, plus interest and charges.

The amount you will have to repay under the loan agreement will depend on the market value of your home when you repay the Help to Buy equity loan and the rate of inflation in the meantime.

Buyers also have the option to make voluntary part repayments at any time. The minimum voluntary repayment is 10% of the market value at the time of repayment.

What should I do next?

With the Government’s Help to Buy scheme available at Quadrant Wharf, now is a really great time to invest in this exciting new neighbourhood.

To start your journey on the property ladder, contact our sales team at Quadrant Wharf for more information on our new 137-home development, which started in autumn 2017. The first new homes are now available for reservation, with residents anticipated to start moving in from autumn 2019.

To help calculate your budget, use our Help to Buy calculator.

Millbay shortlisted for national property award
18 APRIL 2019

Millbay’s ongoing transformation into a vibrant new waterfront quarter for Plymouth will be recognised nationally next week as it shares the stage with leading UK development and regeneration projects in the finals of the Property Awards 2019.

The regeneration scheme is shortlisted in the Placemaking Award category in recognition for the way it is breathing new life into the former docks site, with high-quality homes, business space, leisure and community facilities.

The Property Awards, organised by Property Week, are the UK’s leading and most prestigious annual awards dedicated to the property industry. Winners will be announced at an awards ceremony which takes place in Grosvenor House, London, on Wednesday, on April 24.

Given the prestige of the awards, the competition is intense, with Millbay being joined on a 12-strong shortlist by high-profile projects including Urban Splash’s Park Hill regeneration in Sheffield; major redevelopment schemes in the City of London, Leeds and Swansea; and successful commercial and residential developments spanning the South East, Midlands and Northern Ireland.

The Millbay regeneration scheme is an exciting mix of residential, leisure, business and retail development, with high quality public spaces and direct access to the waterfront. The English Cities Fund, which is leading the project, is a joint venture between Muse Developments, Legal and General and Homes England.

Muse Developments has been shortlisted in two further categories at the Property Awards, for Developer of the Year and Deal of the Year.

Considerable progress has already been made in delivering the Millbay vision, with over £90 million of a planned £200 million invested in the area. Millbay now has more than 400 new homes, new businesses within 25,000ft2 of new business space, the new 1,000-pupil Plymouth School of Creative Arts, the 171-berth King Point Marina and the successful Dock Restaurant, all contributing to an increasingly busy and vibrant local community.

Work is also currently under way on two further projects in the regeneration.

The new 137-home Quadrant Wharf development is continuing the redevelopment of the eastern side of the historic former docks, next to and following on from the multi-award-winning Quadrant Quay. Scheduled for completion from autumn 2019, homes are now available for reservation.

And nearby, the new Mayflower Court scheme is being built by the Abbeyfield Society and will provide supported living and extra care for 80 residents as well as shared spaces for community use.

Duncan Cumberland, Development Director for Muse Developments, which is one of the partners in the Fund, said: “It’s fantastic for Millbay and for Plymouth to be recognised nationally for what is being achieved here.

“The Millbay masterplan was the result of close engagement with the community over many years. In executing this we have focused on quality of design and materials to create an architecturally impressive, diverse and vibrant community which can be enjoyed by new and existing residents, business and visitors.”

More information about Millbay is available at www.millbayplymouth.com and further details on Quadrant Wharf are available at https://quadrantwharf.co.uk

Millbay shortlisted for national property award
New video showcases Millbay's transformation

New video showcases Millbay’s transformation
11 FEBRUARY 2019

Watch this video to see how the English Cities Fund is transforming the historic former Millbay docks area of Plymouth, creating a vibrant new waterfront quarter for the city, with high quality homes, business space, leisure and community facilities.

It is a mixed-use development of homes, shops, offices and school, a new marina and refurbished listed docksides across a 17acre waterfront site.

The impressive list of achievements includes more than 400 new homes, new businesses within the 25,000 sq ft of business space already created, a new 1,000-pupil Plymouth School of Creative Arts, the 171-berth King Point Marina and successful Dock Restaurant, all contributing to an increasingly busy and vibrant local community.

There are award-winning new public spaces, direct access to the waterfront has been restored and the listed docksides, built by Isambard Kingdom Brunel, have been refurbished.

Millbay has also delivered the first section of a new boulevard aimed at reconnecting the city centre and waterfront, a long-held Plymouth planning policy aim as part of the wider regeneration of the city centre. A further 137 homes and an 80-home extra care facility are nearing completion. And a planning application was recently obtained for the next phase of 58 apartments, a 126-bedroom hotel and ground floor retail/leisure space at the gateway to the new Millbay boulevard and overlooking the inner harbour.

* Please note: Computer generated images (CGIs) and artists impressions are based on information available to the artist at the time image is created. They are not intended to be an accurate description of any specific property, its location or surrounding area. We do sometimes need to make changes to designs, features and finishes during the development and appearance may vary on completion.

Plans approved for exciting next chapter in Millbay’s regeneration
8 FEBRUARY 2019

Planning approval has been given for the exciting next phase in the transformation of Plymouth’s former docksides at Millbay.

Lead developer for the project, The English Cities Fund, submitted proposals to build 58 apartments, a 126-bedroom hotel and ground floor retail/leisure space at a key site in the regeneration area.

The plans, which are in accordance with the Millbay Masterplan, were unveiled at a well-attended public exhibition in January 2018 and, following consideration by Plymouth City Council planners, were given approval in January 2019.

It will see new life brought to a parcel of land at the gateway to the new Millbay boulevard and overlooking the inner harbour.

The wider Millbay regeneration scheme is an exciting mix of residential, leisure, business and retail development, with high quality public spaces and direct access to the waterfront. The English Cities Fund, which is leading the project, is a joint venture between Muse Developments, Legal and General and Homes England.

Considerable progress has already been made in delivering the Millbay vision, with over £90 million of a planned £200 million invested in the area. Millbay now has more than 400 new homes, new businesses, the new 1,000-pupil Plymouth School of Creative Arts, the 171-berth King Point Marina and the successful Dock Restaurant, all contributing to an increasingly busy and vibrant local community.

Work is also currently under way on two further projects in the regeneration.

The new 137-home Quadrant Wharf development is continuing the redevelopment of the eastern side of the historic former docks, next to and following on from the multi-award-winning Quadrant Quay. Scheduled for completion from Autumn 2019, homes are now available for reservation, with more information available at https://quadrantwharf.co.uk

And nearby, the new Mayflower Court scheme is being built by the Abbeyfield Society and will provide supported living and extra care for 80 residents as well as shared spaces for community use.

* Please note: Computer generated images (CGIs) and artists impressions are based on information available to the artist at the time image is created. They are not intended to be an accurate description of any specific property, its location or surrounding area. We do sometimes need to make changes to designs, features and finishes during the development and appearance may vary on completion.

Computer generated image. Details and final as built product may vary on completion of project.
Millbay regeneration’s latest development hits halfway mark

Millbay regeneration’s latest development hits halfway mark
6 NOVEMBER 2018

The English Cities Fund is celebrating a significant moment in the transformation of Millbay as work on the £30 million latest phase of development has hit the halfway point.

The new 137-home development continues regeneration on the eastern side of the historic former Millbay docks, next to and following on from the multi-award-winning Quadrant Quay development.

Work got under way on Quadrant Wharf in autumn 2017 and has now reached the half-way stage, with the first new homes now available for reservation and scheduled to be completed in Autumn 2019.

Quadrant Wharf will feature a total of 137 new homes, with a mix of one, two and three bedroom apartments laid out in two blocks and a row of split-level homes.

The scheme will also continue the new waterside promenade and Quadrant Quay’s coastal-themed, landscaped garden rooms, which won Best Public Space in the 2017 Abercrombie Awards for Plymouth.

And as part of Millbay’s aim to open up the historic waterfront and reconnect the area with the city, a further new pedestrian link will be created from West Hoe Road down on to the quayside.

Duncan Cumberland, development director for Muse Developments, which is one of the partners in the fund, said: “We are delighted to have reached this milestone on Quadrant Wharf which is leading the way on a pipeline of projects already under way or in the advanced stage of planning to continue to take forward Millbay’s transformation.

“It’s exciting to see the spotlight in Plymouth on the regeneration scheme as a key project for the city, with Plymouth City Council recently setting out its support for “making Millbay happen” and aiming to complete the boulevard linking the city centre to the vibrant new waterside quarter we are delivering here.

“We now look forward to development to the North of Millbay Road progressing to complement the considerable investment The English Cities Fund has already made in the area.”

The wider Millbay regeneration project is an exciting mix of residential, leisure, business and retail development, with high quality public spaces and direct access to the waterfront. The English Cities Fund, which is leading the project, is a joint venture between Muse Developments, Legal and General and Homes England.

Considerable progress has already been made in delivering the Millbay vision, with over £90 million of a planned £200 million invested in the area and the first phase of the boulevard – Isambard Brunel Way – already laid out. Millbay now has more than 400 new homes, new businesses, the new 1,000-pupil Plymouth School of Creative Arts, the 171-berth King Point Marina and the successful Dock Restaurant, all contributing to an increasingly busy and vibrant local community.

In addition to Quadrant Wharf, work is also currently under way on the new Mayflower Court scheme being built by the Abbeyfield Society which will provide supported living and extra care for 80 residents and shared spaces for community use.

And a planning application was submitted earlier this year for the next exciting phase of development, with the fund proposing to build 58 apartments, a 126-bedroom hotel and ground floor retail/leisure space at the gateway to the new Millbay boulevard and overlooking the inner harbour.