Fortuna's big 99 helps homebuyers for little lolly
OUR shared ownership sales hit a record
high for a single development when the 99th homebuyer collected the
keys to her new home in Cirencester.
This happy handover was the last at our landmark Fortuna
development in this popular Gloucestershire market town − also
known as the Capital of the Cotswolds − after several phases
spanning three years.
It was a big day for our buyer − and for Bromford Homes
Sales Consultant Kirsty Derby, who was there last Friday (May 9) to
welcome this final purchaser into her new apartment. "Handing over
the keys to customers is definitely the best part of a great job.
It's the moment when their dreams of owning a home they can call
their own becomes a bricks-and-mortar reality and they start an
exciting new chapter of their lives," says Kirsty.
"Our customers are either first-time buyers or people, who for
one reason or another, can't afford to buy a home on the open
market. They tell us time and time again that shared ownership's
low deposits and low monthly costs make all the difference −
and this is certainly true here in Cirencester."
Bromford Homes Head of Sales Alan Bradley agrees, saying:
"Fortuna (pictured above) is an exceptional development and, with
99 houses and apartments, our biggest by far. Each sale is an
individual success story for a local buyer and if you put them all
together you can see what a difference has been made.
"We're really proud of what has been achieved here. These are
great homes on a great-looking development and, thanks to shared
ownership's unique part-buy, part-rent formula, we have been able
to sell at a price that singletons, couples and young families can
afford - an example being £67,500 for a typical 45% share of a
two-bed apartment with an open-market value of £150,000.
"Cotswold district has been highlighted by the National Housing
Federation (NHF) as one of the region's least affordable places for first-time
buyers. Like many sought-after towns and cities, property prices
are high and average earnings are relatively low. With shared
ownership, would-be homebuyers can get that crucial first step on
the property ladder with a truly affordable − and
secure − alternative to renting from a private landlord or
living at home with their family or friends."
The Gloucestershire sales success story continues just over 20
miles away at Winchcombe, north of Cheltenham, where first-time
buyers are snapping up Pennylands homes (pictured above) for as
little as £78,750. That's enough to buy a typical 45% share of a
two-bed house − and your minimum deposit could be just £3,938
with a 95% mortgage.
"This is another great-looking development in a smashing rural
location − and, with these affordable prices, they're selling
fast," says Kirsty.
"We've sold seven houses so far − three of them have been
handed over to us by the builder and the other four are expected in
August. We then have another two three-bed homes coming in
November − these are now on sale − and a further three
two-bed homes to be handed over in May 2015.
"In this case, priority is being given to local people and my
advice to anyone who wants one of these great homes is to register
online or call us now."
To find out more about shared ownership, Pennylands or other developments, call us on
0845 60 10 878 or register for
updates. You can also keep in touch by following us on Twitter or Facebook.
17 May 2014