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Last few left at fast-selling Arden Fields

FIRST-TIME buyers are saying a huge YES to affordable home ownership at Arden Fields − close to the heart of historic Knowle.

They've reserved all seven of the available two and three-bed village homes since shared ownership prices were confirmed barely a month ago. That leaves just two one-bed apartments up for grabs − and they could be yours for as little as £72,000* through our popular part-buy, part-rent deal.

Bromford Homes Head of Sales Alan Bradley urges other would-be homebuyers to be quick or miss out on this low-cost chance to get onto the Knowle property ladder.

The Rydal

"We thought that local first-time buyers would grab this truly affordable opportunity to make their homebuying dreams come true − and we were right," says Alan.

"The numbers say it all. Seven homes reserved in a matter of weeks and I'm sure it won't be long before the last few homes are snapped up too.

"Knowle is a very desirable place to live and this is reflected in the asking prices for all kinds of local houses and apartments. As a result, most first-time buyers on ordinary incomes are quite simply priced out.

Knowle 1

"Our houses and apartments are built to the same high quality as the open-market homes that Miller is building alongside them, and they come with all the mod cons, other features and contemporary room layouts that people want these days.

"The big difference is the cost. With shared ownership, you commit to a relatively small mortgage and therefore have to find a much smaller deposit. It's a truly affordable alternative to private renting or living at home with your family."

The first homes are likely to be finished by mid December − and it's possible that the first shared ownership buyers will be moving in before Christmas. Our part-buy prices start from just £72,000* for a typical 45% share of a one-bed apartment at Arden House and just £126,000** for a family-sized three-bed. A typical deposit for the apartment is just £3,600*.

First-time buyer guide 640 x 340

"We're delighted with the enthusiastic reaction to Arden Fields and look forward to handing over the first set of house keys in time for buyers to celebrate the festive season in their great new homes," says Alan.

"Looking ahead to the new year, the good news for any buyers who've missed out on this first wave of affordable homes is the fact that we've got four more three-beds due for completion in the early summer. If you're interested, my advice would be to call us now and find out how you can qualify because when they're gone, they're gone."

* £72,000 buys a 45% share of a one-bed apartment with a full market value of £160,000. A minimum deposit of £3,600 assumes a 95% mortgage on that share, with low rent payable on the share you don't buy.
** £126,000 buys 45% of a three-bed house with a full market value of £280,000. A minimum deposit would be £6,300, assuming a 95% mortgage on the share you buy.

12 November 2014