He's been saving since he was a 15-year-old paper boy and now at just 23 Ashley Corke has bought a home of his own.
By saving his hard earned cash from an early age Ashley, from Solihull, has been able to fly the parental nest and make his first step on the property ladder much earlier than most.
In fact, varying reports put the average age of a first time buyer from 30 (Halifax) to 37 (Money Supermarket).
And, while Ashley has only recently moved into his three-bedroom Redrow home at Trenchwood Gardens in Telford, he’s already thinking of buying a brand new home in the future.
“I’m not a fan of renting and first started saving for a deposit to buy a home of my own when I began delivering papers when I was only 15. As soon as I had my deposit at 23 I was ready to move out of the family home,” Ashley, a shift plant operator, explains.
“My parents live in Solihull but I work near Wolverhampton so Telford seemed like the best place for me. I hadn’t thought much about what I wanted from a home but when I started looking around Telford I realised that older, second hand properties needed too much work doing to them.”
The day after visiting Trenchwood Gardens with his parents Ashley reserved a three-bedroom detached Ludlow style home from Redrow’s Heritage Collection. He hasn’t looked back since.
“The Redrow homes offered excellent value for money,” he said. “If I’d bought an older property I probably would have put down the same deposit but wouldn’t have had any money left to do it up.”
One of the things Ashley liked about buying a brand new home was that he was able to choose the finish of things like the kitchen cabinets and the bathroom tiles.
He’s now enjoying living independently, saying: “It’s nice to have the freedom of having your own home.”
Ashley describes renting as ‘dead money’ and urges other aspiring homeowners to “put down as big a deposit as you can”.
“Setting up home is expensive enough as you’re starting from scratch so need to buy a sofa, bed and other essentials. The fact Redrow include so much as standard such as oven, hob, microwave and fridge freezer makes things easier. In fact it’s been a godsend,” he adds.
“I would definitely buy new again. There’s no need to worry about repairs or renovations. The house is covered by a 10-year structural warranty and the appliances are all covered by manufacturers’ guarantees.”
Current availability at Trenchwood Gardens includes four-bedroom homes in a choice of styles priced from £214,950.
Help to Buy equity loans are available and could reduce the initial price to £171,960. The remaining 20% share is covered by the equity loan, which is interest free for five years. Customers who buy in this way should find they only need a relatively small deposit of around 5% of the price, which could work out at around £10,750.
To find out more about the homes available, visit Trenchwood Gardens on Sommerfield Road, open daily from 10am to 5.30pm. Alternatively, call 01952 371343 or see www.redrow.co.uk/trenchwood.
Currently celebrating its 40th year, 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. The company has won numerous awards over the years, including, most recently, the 2014 Building Awards Housebuilder of the Year and four consecutive 5* awards in the Home Builder Federation (HBF) annual customer satisfaction survey in 2011, 2012, 2013 and 2014. Redrow also collected the Silver award in the Large Housebuilder category of the 2012 and 2013 What House? Awards; the award for best marketing initiative at the 2010, 2011 and 2012 Housebuilder Awards and its ‘My Redrow’ online tool won the overall Customer Engagement category at the 2013 Peer Awards for Excellence.