First-time buyers can get Help To Buy a starter home at Blenheim Park
First-time buyers in search of their ideal starter home can find just what they are looking for at Blenheim Park, Taylor Wimpey’s sought-after development in Colchester, Essex.
Priced from just £159,995, the two-bedroom ‘Beech’ terraced house is proving a real hit with clued-up purchasers looking to step on the property ladder in style.
What’s more, the ‘Beech’ is just one of the stylish homes at Blenheim Park available through the popular new Government-backed Help to Buy shared equity scheme, which offers first-time buyers and those looking to move home an unmissable opportunity to one up for just 80% of its full price.
This sensational incentive means the customer only requires a 5% deposit and a 75% loan-to-value mortgage, which allows them to access a much wider choice of deals from lenders offering more competitive rates.
Michael O’Leary, Regional Sales and Marketing Director for Taylor Wimpey, says: “The ‘Beech’ is a superb home which offers a wealth of generous accommodation that is perfect for buyers looking to get a foothold on the property ladder.
“The availability of Help to Buy means this wonderful property can be secured for 80% of its full price, putting it well within the reach of first-time buyers.
“The only note of caution I would add is that there’s already a huge amount of interest in these properties, and anyone hoping to snap up their favourite plot should act now – before someone else beats them to it!”
The Beech is a contemporary two-bedroom home boasting a fully-fitted kitchen, a spacious living/dining room opening through French doors to the private rear garden, plus a guest cloakroom off the entrance hallway.
Upstairs, the landing leads to two double bedrooms and a main bathroom, while allocated parking for two cars can be found outside.
All homes at the development are completed to a high standard specification, including energy efficient central heating, double glazing and a fitted kitchen with integrated oven, hob and hood.
Under Help to Buy, a Government loan of up to 20% is provided for new-build properties up to the value of £600,000, meaning the purchaser only requires a 75% loan-to-value mortgage and a 5% deposit. There is no salary cap for customers taking advantage of the scheme and it is available to both first-time buyers and existing homeowners looking to move.
Blenheim Park enjoys a convenient location in Colchester, a vibrant town with a fascinating history. From the old weavers’ cottages in the charming Dutch Quarter, the historic Castle Museum and Castle Park, to art galleries and exhibitions and an eclectic selection of shops, bars and restaurants, there is something for everyone.
Commuters will appreciate good rail and road links to Chelmsford, Brentwood and London – with regular train services to London Liverpool Street in under an hour – and to Ipswich, Bury St Edmunds, Cambridge and the Midlands. The M11 and Stansted Airport are easily accessible via the new A120.
Within easy reach of the beautiful rural Essex landscape, which inspired old masters from Constable to Gainsborough, Colchester is also handy for the great British seaside, as the coast at wonderful West Mersea is just 10 miles away.
To find out more about the homes available at Blenheim Park, property-seekers can visit the Sales and Marketing Suite, located off Circular Road West, Colchester and open Thursday to Monday from 10am to 5.30pm. Alternatively, visit taylorwimpey.co.uk/eastlondon.
