Canalside homes are among the final properties available at Eliot’s View in Nuneaton and, with the number of remaining homes dwindling, buyers are being urged to act fast to avoid disappointment.
Now in its final phase, homes at the Redrow development in Tuttle Hill have been hugely popular. The success is attributed to a winning combination of their high specification, location and assistance in the shape of Government initiatives including Help to Buy equity loans.
Homes are selling well ahead of build and because demand is so high buyers are being invited to make ‘early bird’ reservations before properties officially go on sale. This will give them first refusal on the six final homes, including those overlooking the Coventry Canal, when they are eventually released.
Pauline Turnbull, sales director for Redrow Homes (Midlands), says: “We’ve come a long way since work first started at Eliot’s View. We’ve really transformed the site of the former Midland Quarry to create a vibrant neighbourhood where people really want to live. Many of the properties are now sold and occupied, but for those who act fast there’s still a chance to own one of the final six homes here.
“Some of the homes will be ready to move into in early 2014, but recognising that properties next to the canal will be much sought-after we’re offering buyers the chance to make what are known as ‘early bird’ applications. A small, fully refundable deposit gives people first refusal on their preferred property when it becomes available for official reservation.”
Despite the limited availability there’s still plenty of choice at Eliot’s View including two, three and four-bedroom homes.
Prices start from £122,995, which reduces to an initial outlay of £98,396 with Help to Buy. The balance is covered by a 20% equity loan, which is interest free for five years and can be paid back when the customer comes to resell or has more funds available.
“Schemes designed to make homeownership easier to afford, such as Help to Buy, have played a part in the success of Eliot’s View,” Pauline adds.
“The beauty of Help to Buy, compared with previous Government-backed schemes, is that it doesn’t only help first time buyers; other purchasers such as families in need of extra space and those making a fresh start after a change of circumstance can also access this valuable help. It reduces the initial cost of the property, so customers who purchase a home using the equity loan only need a 5% deposit and should find that their monthly mortgage repayments are less.”
To be in with a chance of owning one of the final six homes at Eliot’s View, visit the development, open daily from 10am to 5.30pm, call 02477 671512 or see www.redrow.co.uk/eliots.
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 Heritage Collection of family homes combines traditional looking, ‘Arts & Crafts’ influenced exteriors with bright, modern, high specification interiors. Established almost 40 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.