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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 Wilson Homes.

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."

Larks Rise Coventry 

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 that?"

* £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% mortgage.

** £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% mortgage.

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 @BromfordHomes

03 April 2013