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Snap up Coventry showhome - and get dream start

OUR stylish Larks Rise showhome could be yours − and make your home ownership dream come true − for a truly affordable price.

We're asking as little as £36,875* if you buy through shared ownership plus a one-off additional payment of £4,500 that includes all the showhome carpets, curtains, light fittings and pictures that you can see in this slideshow.

It's the perfect purchase for first-time buyers who want to pick up their keys and move in with a flying start to furnishing their new Coventry home.

Consider the fact that − like all new houses at Larks Rise − the showhome comes with a host of built-in features that would normally come as extras elsewhere and you've got a really unbeatable deal.

So says Bromford Homes Head of Sales Alan Bradley − and his advice to first-time buyers is be quick or miss out. "This is a one-off opportunity for one really fortunate buyer to get on the property ladder with a ready-to-go home at a price they can afford," he says.

"Our three-bed showhome has all the build quality and great features that come with every Bromford home plus a package of fitted carpets, curtains and pictures that would cost you much more to buy from the shops.

"All you have to do is pick up your keys after the sale is completed, add your own furniture and other belongings and start an exciting new chapter of your life as a shared ownership buyer."

Larks Rise showhome lounge

The showhome (pictured above) is one of 39 two and three-bed part-buy, part rent houses on a development that has passed all the major sales milestones in a matter of months since its launch. This rapid take-up leaves just four houses for sale − as well as the showhome − at prices starting from £30,625**.

These low prices are possible with shared ownership because, instead of having to buy outright, you buy between 25% and 75% of your new Bromford home and pay low rent on the remaining share. The share depends on your household income but a typical amount is around 40%.

"That means your deposit is much lower than it would be with outright sale − as little as £1,844* for a minimum 25% share of our showhome," explains Alan.  "And it's not just the initial outlay that's cheaper with part buy-part rent − the total monthly costs are typically lower too than if buying outright or renting from a private landlord. It's no wonder then that so many first-time buyers from Coventry − and the rest of central England − are saying yes to shared ownership."

You can find out more about Larks Rise and shared ownership by calling us on 0845 60 10 878. You can also register for updates and keep in touch on Twitter and Facebook.

* £36,875 would buy a minimum 25% share of a three-bed house with a full market value of £147,500. A minimum deposit of £1,844 assumes a 95% mortgage on that minimum share.
** £30,625 would buy a minimum 25% share of a two-bed house with a full market value of £122,500. A minimum deposit of £1,532 assumes a 95% mortgage on that minimum share.

02 October 2013