Make Amington Garden Village First Choice for your First Home
First time buyers are being encouraged to swing by Amington Garden Village, where Help to Buy could drive their dreams of homeownership to the fore.
A new phase of three-bedroom properties has just been released at Amington Green, part of the flagship scheme to create a whole new community in Tamworth.
They make great starter homes and, with high employment, low interest rates and the availability of Help to Buy equity loans contributing to an increase in first time buyers, demand is expected to be high.
Pauline Turnbull, sales director for Redrow Homes (Midlands), said: “There’s a real need for new homes of all sizes in the Tamworth area. While people once thought of starter homes as mainly being small one or two-bedroom properties for people buying on their own or as a couple, these days many first time buyers either already have children or want to buy somewhere where they can raise a family. Amington Garden Village offers the perfect solution as it offers the chance to be part of a new community, in a new home that offers ease of living and ease of maintenance.”
Current prices are from £249,995 for a three-bedroom semi-detached Ludlow style property.
The Ludlow offers 963 sq ft of well-planned living space, including a spacious lounge, open plan kitchen and dining room, plus convenient cloakroom to the ground floor.
Upstairs, the master bedroom benefits from an en-suite, leaving the family bathroom to serve the remaining two bedrooms.
By taking out a Help to Buy equity loan for up to 20% of the value of the property customers can potentially reduce the initial cost of homeownership.
“Help to Buy is exclusive to new build homes and could make a significant difference to customers’ ability to buy,” Pauline explained. “The equity loan is interest free for five years and, coupled with the lower deposit and mortgage, could mean that they’re in a position to purchase sooner than they expected or perhaps are able to buy a home they can grow into rather than out of.”
Amington Garden Village will eventually comprise up to 1,100 new homes, plus a retail and commercial area, school and community woodland, all in the green surroundings of a former golf course.
Redrow has committed to invest £14 million in the local area for the benefit of existing and new residents.
Between them Amington Fairway and Amington Green, offer a good choice of properties from Redrow’s Arts & Crafts inspired Heritage Collection of traditional looking homes.
Redrow was established in 1974. Today, it is one of the most successful and acclaimed property developers in the UK, building around 5,000 premium quality family homes a year in prime locations across England and Wales. Over Redrow’s history spanning more than 40 years, it has earned a unique reputation for quality and building beautiful homes, which people love to live in. To help achieve this it also focusses on two other key areas: valuing people and creating outstanding locations. Implementing its strategy whilst engaging with colleagues and stakeholders helps Redrow deliver significant value to investors and the wider community. Redrow is listed on the London Stock Exchange and is a constituent of the FTSE 250 index. For the year ended 30th June 2016, the Group reported record revenues of £1.38 billion. Redrow has been awarded the ‘Best Large Housebuilder’ title twice in the last three years at the What House? Awards. This year, Redrow was named as a UK Top 100 Apprenticeship Employer for the fourth consecutive year. Visit redrow.co.uk for more details.