As UK house prices continue their upward turn, a collection of new homes in Chester are demonstrating the popularity of the Government’s Help to Buy initiative.
Allowing buyers to purchase their dream house with just a 5% deposit, phase one of the scheme has already been used by over 15,000 English homeowners keen to take advantage.
And with Help to Buy now six months old, almost three-quarters of reservations taken at Redrow’s Crown Park venture in that time have been from customers making use of the equity loan on offer through the scheme.
The significant figure comes as Redrow unveils a collection of larger homes at the Huntington development, perfect for families and professionals who want to be within walking distance of Chester.
Traditional on the outside and contemporary within, the 29 designs, selected from the developer’s award-winning New Heritage Collection, will bring their own unique sense of character to the third phase of Redrow’s Crown Park development.
With prices for a detached three-bedroom Worcester-design home starting at £321,995, the homes offer excellent value.
Using the Help to Buy scheme, the highly-desirable residence could be purchased with a deposit of just £16,100. The remaining price would then be covered using a 20% equity loan from the Government for £64,399 and a 75% mortgage from a lender of their choosing.
Meanwhile for those in need of a little extra space, the premium quality Marlborough-design is available to offer Chester buyers just that. With five spacious bedrooms, two of them with en-suite, this much-acclaimed executive home creates an impression that lasts and is priced from £485,995.
Help to Buy is available on all new homes at Crown Park priced up to £600,000.
Boasting a highly desirable location off Sandy Lane in the sought-after village of Huntington, Crown Park enjoy close proximity to the city centre.
Residents at the development can enjoy a relaxed pace of life with the River Dee and Cheshire countryside nearby, yet the homes are within walking distance of the vibrant shops, restaurants, bistros and cafes of Chester.
To find out more about Crown Park, visit the marketing suite and show home which is open Tuesday to Sunday from 10am to 5.30pm and Mondays from 11am to 5.30pm. For details of the latest availability and pricing, call 01244 297076 or go online at www.redrow.co.uk/crown
Redrow Homes is one of the UK’s leading house builders, operating across England and Wales, with a strong emphasis on high quality family housing in prime locations. Its New Heritage Collection of family homes combines traditional looking, ‘Arts & Crafts’ influenced exteriors with bright, modern, high specification interiors. Established more than 35 years, the company has won numerous awards over the years. Redrow received a 5* Award in the Home Builder Federation (HBF) annual customer satisfaction survey in 2011, 2012 and 2013; collected the Silver award in the Large Housebuilder category of the 2012 What House? awards; and its ‘Share a little bit of joy’ campaign was named best marketing initiative at the 2012 Housebuilder Awards. Web: www.redrow.co.uk