Larks Rise shared ownership sales fly high
SALES are flying at Larks Rise, Coventry, with more than a
dozen confirmed shared ownership reservations by the
end of a busy Easter weekend.
The 13th buyer put down a deposit on a part buy-part rent home
just as we took our first property handover from developer David
With almost a third of houses reserved off plan for prices that
start at £30,625* and the sales centre set to open soon, Bromford
Homes Head of Sales (North) Alan Bradley predicts it won't be long
before Larks Rise hits another sales milestone.
"It's all go! The combination of right homes, right place and
right price means that local first-time buyers are snapping them
up," says Alan. "It was only a month ago that we sold the first five homes on a single
day − and we've been seeing the number of reservations go up
ever since. We're talking to more eager buyers and I wouldn't be a
bit surprised if we hit the 40% sold mark very soon."
His bullish belief is shared by Larks Rise Sales Consultant
Kristian Russell, who is keen to welcome the first buyers into
their homes at New Century Park and looks forward to the sales
centre opening in June.
"We've had a terrific response from local first-time buyers
who've claimed their plots before they've even had a chance to see
an actual home," says Kristian.
"Now that we've taken handover of the first completed
properties, it won't be very long before we in turn hand over the
keys and welcome the first buyers into their homes.
"Affordability is a key issue for so many first-time buyers and,
with many lenders requiring fairly large deposits, shared ownership
really is a great way for people to get into the home-buying
market. You buy between 25% and 75% of your home and pay rent on
the remaining share. It's as simple as that.
"You can buy a two-bed home for as little as £30,625*, with
deposits starting from £1,532, or £36,875** for a three-bed house,
with a deposit as low as £1,850. Where else in the heart of
Coventry can you get on the property ladder for a deal like
* £30,625 represents a minimum 25% share of a two-bed house
costing £122,500 and a £1,532 deposit is based on a 95%
** £36,875 represents a minimum 25% share of a three-bed house
costing £147,500 and a £1,850 deposit is based on a 95%
03 April 2013
Coventry homehunters can register their interest and find out more
about Larks Rise and HomeBuy shared
ownership by talking to a sales consultant on 0845 60
10 878. You can also keep track by following us on Twitter