A Bilston housing venture has entered a new era – with homes even easier to afford than ever before.
It’s four years since the first homes went on sale at Chestnut Walk, Bilston, with a launch event attended by Redrow and Wolves chairman Steve Morgan and footballing legend Steve Bull.
Chestnut Walk has been a huge success and has blossomed into a well-established neighbourhood, where people really want to live.
In the ensuing period the property market has welcomed initiatives like Help to Buy, changes to stamp duty thresholds which mean purchasers pay less tax and, following the latest budget, the new Help to Buy ISA, which will reward those who save for a deposit.
There are now just a few properties available in the original development, but the good news for those who long to call Chestnut Walk ‘home’ is that Redrow has just released a new phase of 35 homes, including apartments.
Prices start from £102,995 for a one-bedroom apartment and, with the aid of Help to Buy, the initial cost could be as little as £82,396.
Pauline Turnbull, sales director for Redrow Homes (Midlands), says: “We’ve really transformed what was once the site of an iron and steel works, breathing new life into the area and providing much needed new homes. We’re nearing a sell-out on the original development, but due to the high demand we’re extending on to another parcel of land to offer a further 35 homes.
“The new phase offers buyers who perhaps feared they’d missed out a fresh chance to own a brand new home at a price that’s easy to afford. With Help to Buy, savings of around £5,150 could be enough to secure a one-bedroom apartment.”
Help to Buy includes a 20% equity loan that’s interest free for five years. This reduces the initial cost of the home being purchased and means customers only have to raise a 5% deposit and 75% mortgage from a lender of choice.
The apartments benefit from the same high standard specification buyers expect from a brand new Redrow home, including well equipped kitchens and sleek bathroom suites.
“The apartments make ideal starter homes, particularly as so much is included in our standard specification,” Pauline adds.
“They’re also surprisingly spacious. For example, the two-bedroom designs are actually larger than some of our two-bedroom houses and thanks to the open plan layouts buyers can maximise the true potential of the space available.”
To find out more about the homes available at Chestnut Walk, visit the development, open daily from 10am to 5.30pm. Alternatively, call 01902 276900 or see www.redrow.co.uk/chestnut.
Established more than 40 years, 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 Gold Award for Best Large Housebuilder at the WhatHouse? Awards 2014, the 2014 Building Awards Housebuilder of the Year and four consecutive 5* awards in the Home Builder Federation (HBF) annual customer satisfaction survey. Redrow also collected the award for best marketing initiative at the 2014 Housebuilder Awards and its ‘My Redrow’ online tool won the overall Customer Engagement category at the 2013 Peer Awards for Excellence.