Think big, pay little with HomeBuy at Beeches
WANT a new Bromford home that's big on living space AND big on
value? Then take a closer look at The Beeches shared
ownership development in south Birmingham.
We've started building 12 high-quality two and three-bedroom
homes on a corner plot where Merritt's Brook Lane meets Basil Road
on the Frankley reservoir side of Northfield.
Prices start from as little as £34,875* for a three-bed home
while a two-bed Frankley semi is on sale through HomeBuy shared ownership for as little
as £30,000** with a deposit that could be as low as £1,500 −
and that's far from being the only selling point, says Bromford
Homes Head of Sales (North) Alan Bradley.
Room sizes are exceptional for a new-build, he says, and another
plus point for first-time buyers is the one-way drive that wraps
around the site on two sides, so that the homes and parking spaces
are set back from the street.
With completion scheduled for the summer, it's a prime
opportunity for first-time buyers to get on the property ladder
through Bromford's HomeBuy shared ownership scheme.
"You can buy a three-bed Bartley home at The Beeches from £34,875*
through shared ownership and the deposit could be as low as
£1,744," says Alan.
"It's a great way for first-time buyers to get on the property
ladder − especially anyone who thinks they are stuck in
private rented housing or will have to save for years to raise the
kind of deposit that lenders demand for outright sale.
"Shared ownership really is one of the most affordable ways to
buy your home. In fact, we do all we can to make sure that the deal
is truly affordable for buyers − whether they are buying a 25%
share or anything up to the 75% maximum."
25 March 2013
The other three-bed style, Merecroft, costs slightly more, with
prices starting from £36,250***, and a family-friendly layout of
generous-sized rooms that includes a living room with french
windows leading to the garden and separate kitchen-diner.
"This is the layout that's particularly popular with homebuyers
now and in the case of The Beeches the rooms are generally bigger
than you will find in new-build properties these days. It's a real
bonus for buyers," says Alan.
"Both three-bed types have a useful understairs cupboard,
downstairs cloakroom and fitted wardrobes in the master bedroom.
The Merecroft also comes with a utility room.
"All in all, it adds up to an exceptional package − and my
advice to any local first-time buyers is to be quick and make sure
you don't miss out on this great opportunity to make your home
ownership dream come true."
* This example is based on a property price of £139,500. A 25 per
cent share would cost £34,875 and a five per cent deposit on that
would be £1,744.
** Based on a property price of £120,000. A 25 per cent share
would cost £30,000 and a five per cent deposit on that would be
*** £36,250 represents a 25 per cent share of a three-bed terraced
house with a full value of £145,00. A deposit figure of £1,813
assumes the buyer has a 95 per cent mortgage.
Find out more by calling Bromford Homes and shared ownership on
0845 60 10 878, follow us on Twitter
@BromfordHomes and Facebook or visit www.bromfordhomes.co.uk