What would you do with a £100,000 saving?
A luxury holiday, a new car or simply repaying the mortgage quicker are just some of the ways homebuyers could use the cash they potentially save by buying a brand new Redrow home in Worcester.
That’s because five-bedroom homes at Kings Park are supposedly £100,000 less than similar sized properties in the surrounding area.
Bordered by woodland and boasting a superior specification, homes at Kings Park are very much aspirational. But buyers will be pleasantly surprised to discover that such an enviable standard of living is available at a competitive price.
According to home.co.uk the average price of a five-bedroom home in the WR2 postcode is £524,632, whereas the Cheltenham at Kings Park, also with five bedrooms, is available from £424,995.
The potential saving opens all sorts of possibilities for buyers as by freeing up extra cash they could have more disposable income.
Pauline Turnbull, sales director for Redrow Homes (Midlands), commented: “The figures really do speak for themselves and highlight the value for money customers will receive when they buy a brand new home. The price differential between our five-bedroom Cheltenham and the average price of a five-bedroom property in the area is massive. It’s likely that those who choose the older, more expensive property will have to borrow more and therefore their mortgage repayments would be much higher than if they bought one of our new homes for £100,000 less.
“In contrast, those who buy a new home could choose to shorten the life of the mortgage. Or they could use the money they save on their monthly mortgage repayments to fund a luxury family holiday or put it towards a new car.”
The Cheltenham is a substantial family home set out over three floors.
The expansive kitchen, breakfast area and family room is at the hub of the home. It’s complemented by a separate lounge, which offers a sense of privacy, and a dining room for more formal entertaining.
Located on the first floor, the master bedroom benefits from an en-suite pus a dressing room. This level also includes a study, plus two bedrooms with a shared ‘Jack & Jill’ shower room.
The remaining two bedrooms are on the top floor, along with the family bathroom.
Those who don’t need all five bedrooms could choose to give older children a TV lounge of their own or little ones a play room. Fitness fanatics could even make one of the rooms into a home gym to work out in.
As well as being competitively priced, being brand new these homes won’t require expensive repairs or modernisation and they should be significantly more energy efficient than older properties, which means lower fuel bills.
Kings Park is bordered by some 20 acres of woodland. Despite the quiet setting, the homes enjoy easy access to the centre of Worcester, which is only two miles away
The show home at Kings Park is open daily from 10am to 5.30pm. For more information, see redrow.co.uk/kings.
