Daventry open day offers key to buyer dreams
DAVENTRY'S first-time buyers are invited to join us and find out
how they can make their dreams of home ownership come true at Middlemore Heights for as little as
The key to unlocking those dreams is our popular part-buy,
part-rent deal − also known as shared
ownership − and we're organising a special open day to
help explain what it is and how it works.
The doors open at The Daventry Court Hotel, Sedgemoor Way,
Daventry, on Saturday (September 14) for a free and friendly
session where would-be buyers can put their questions to our sales
consultant and an independent financial advisor.
Bromford Homes Head of Sales Alan Bradley urges aspiring
homeowners to come along between 11am and 4pm − the postcode
for your satnav is NN11 0SG − and find out more about what he
describes as "one of the property world's best-kept secrets".
"Daventry and the surrounding area is like many places these
days. Property prices are often fairly high and incomes relatively
low for ordinary working people, who often end up as part of what's
now commonly known as Generation Rent − renting from private
landlords," says Alan.
"We know that younger people still
aspire to own their own home and find it hard or impossible on the
open market. Well, the good news is that shared ownership can make
your home-owning dream come true and at prices that you can
How does it work? Instead of buying outright, you buy between
25% and 75% of your new Bromford home and pay low rent on the
"So, instead of paying the full market value, you could buy a
minimum 25% share of a two-bed shared ownership home at
Middlemore Heights for as little as £32,488 and pay a deposit that
could be as low as £1,625*," explains Alan.
"How much you actually buy depends on what you can afford −
the average is about 40%, which is still much, much more affordable
than buying on the open market. Aspiring buyers might also be
surprised to find out that the total monthly costs with shared
ownership are typically lower than if buying outright or renting
from a private landlord.
"It's no wonder then that so many first-time buyers in other
parts of Northamptonshire have already said a big YES to shared
ownership − and it might surprise you to find out that you can
have a combined household income of up to £60,000 and still qualify
for part-buy. It's a truly affordable solution for people who can't
afford to buy on the open market."
Building work will soon finish on the first few two-bed homes
(pictured above) off Hidcote Way on the northern edge of
Daventry − so there's no better time than now, says Alan, to
find out how the part-buy deal works and put down your £500
deposit. Three-bed houses are also being built
for January completion, with prices starting from as little as
Middlemore Heights is a great location for commuters and young
families, with a wide choice of local primary schools, shops and
local leisure facilities. It's two miles from Daventry town centre
and within easy driving distance of Rugby, Northampton or
Leamington Spa. Long Buckby railway station is less than five miles
away and from there you can get to Birmingham New Street in less
than 50 minutes.
All homes come with a fully-fitted kitchen, oven, hob and
extractor, downstairs cloakroom, fitted wardrobe to master bedroom,
full gas-fired central heating, double glazing and high-performance
insulation throughout. Allocated parking, turfed rear gardens and
10-year NHBC New Home warranty are also included.
To find out more about Middlemore Heights,
shared ownership and our open day,
call 0845 60 10 878 and talk to one of our
experts. You can also register for updates or follow us
on Twitter and Facebook.
09 September 2013
* £32,488 would buy a minimum 25% share of a two-bed house with a
full market value of £129,950. A deposit of £1,625 assumes a 95%
mortgage on that minimum share. **£38,125 would buy a minimum 25%
share of a three-bed house with a full market value of £152,000. A
minimum deposit would be £1,907, assuming a 95% mortgage on that