Last chances to buy shared ownership at St Paul’s
SINGLETONS and young couples are snapping up
high-quality homes at St Paul's Walk, Cheltenham, for as little as
So many buyers have seized this affordable chance to
get on the property ladder that just four of the original 18 houses
and apartments are left unsold.
And Bromford Homes Sales Consultant Fabio Scimeca is
confident that they too will be snapped by eager first-time buyers
who can't believe the great value they get through the HomeBuy
shared ownership scheme.
This part rent-part buy deal means that buyers can
purchase a minimum 25 per cent share of a one-bed apartment for as
little as £15,875* or the last remaining three-bed house for as
little as £37,750*.
"Our success here at St Paul's Walk proves that shared
ownership is a great way for people to get into the home-buying
market," said Fabio.
"Most of the buyers are singletons and young couples
but the deal is equally appealing for, say, a young family or maybe
someone on a lower income who needs to downsize.
"Just think about it − the deposit on one of the
three remaining one-bed apartments could be as low as £799 or as
little as £1,888 for the three-bed house.
"Just compare that with what you would have to save
for a deposit with a traditional outright sale.
"HomeBuy enables people to buy up to 75 per cent of
their home and pay rent on the remaining share. We do everything we
can to make sure that the deal is truly affordable for each buyer.
When they come to us, we go through their finances with them and
work out what they can really afford."
According to Fabio, the last few homes at St Paul's
Walk are looking like even better value as household energy bills
go up and up and winter draws near. It's because they all feature
low-maintenance solar panels as well as thick insulation and
high-quality double glazing.
"The panels cut down on energy use and, as a result,
will save on energy cost. That's got to be welcome news for any
household - but particularly as we head into winter and at a time
when the average dual fuel bill is said to be more than £1,300 a
year," said Fabio.
"That figure can only go up in the future so anything
that slows the increase or even reduces the bill is surely a good
thing. Add to that the fabulous insulation and great double-glazing
and you can be snug at home on even the coldest without running up
huge fuel bills."
St Paul's Walk is being built as part of an area
regeneration by Cheltenham Borough Homes, with Bromford Homes
marketing the shared ownership homes on their behalf.
Three one-bed apartments and a single three-bed house
remain on the market.
The showhome is open Saturday to Monday 10am to 5pm.
To find out more call 0845 60 10 878
* The minimum £15,875 price is based on a customer
buying 25 per cent of a one-bed apartment costing £63,500. The
deposit, based on a customers borrowing 95 per cent, would be
18 September 2012