Prices confirmed for affordable homes in Warwick
FIRST-TIME buyers are being offered a chance to get on the
Warwick property ladder for a fraction of what it would cost on the
Yes, you can snap up a Sherbourne home at Beaumont Meadow − close to the M40
and just four miles from the nearest mainline station - for as
little as £101,250* through low-cost shared ownership.
Prices are confirmed as the construction team heads for March
completion of just six Bromford two-beds (pictured below) as part
of this popular Taylor Wimpey development.
With our typical prices − and deposits − less than
half what it would cost for an open-market purchase, Bromford Homes
Head of Sales Alan Bradley predicts strong demand and urges
first-time buyers who live or work locally to act quickly if they
want to reserve a particular plot for just £500.
"That £500 could be one of the best investments you'll ever make
if you're someone who wants to get on the property ladder in this
historic county town − and make your dream of home ownership come
true at a price you can truly afford," says Alan, an expert in
"Warwick 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.
"Shared ownership offers them an affordable way of making their
home ownership dream come true. Instead of buying outright, you buy
a percentage of the full price. That means a lower deposit −
from just over £5,000* in this case − and lower monthly
mortgage payments, with low monthly rent payable on the share you
"These houses are built to the same high quality as the
open-market homes that Taylor Wimpey is building alongside them,
and they come with all the mod cons, other features and
contemporary room layouts (above) that people want these days.
"The big difference is the cost. Shared ownership at Beaumont
Meadow offers young working people a truly affordable alternative
to private renting or living with your parents."
A typical deposit for a two-bed house at Beaumont Meadow can be as
little as £5,063* if buying a typical 45% share. The homes off
Academy Drive all feature a contemporary kitchen with stainless
steel oven, hob and extractor, two double bedrooms and downstairs
cloakroom as well as bathroom. Off-road parking also comes as
To find out more about buying at Beaumont Meadow call
0845 60 10 878 or register for
updates. You can also follow us on Twitter @BromfordHomes and on Facebook.
* £101,250 buys a 45% share of a two-bed house with a full
market value of £225,000. A minimum deposit of £5,063 assumes a 95%
mortgage on that share, with low rent payable on the share you
15 January 2015