It’s a buyer’s market at sought-after peninsula development in Essex
Property-hunters looking for a stunning apartment by the seaside are being urged not to delay a visit to Taylor Wimpey’s hugely-successful Peninsula development in Dovercourt, Essex.
This superb collection of one and two-bedroom apartments, many of which offer views of the water, is proving popular among first-time buyers and those looking for an investment opportunity.
The Government’s new Help To Buy shared equity scheme is making securing a property at the development a far more attractive option than renting. The average monthly rent for a two-bedroom property in the area is £550, yet buyers can purchase a two-bedroom apartment at Peninsula for just 80% of its full £92,995 price – and potentially pay less for their monthly mortgage repayments.
What’s more, a deposit as low as 5% is all that’s required for Help To Buy customers.
Caroline Carter, Regional Sales Manager for Taylor Wimpey, says: “Peninsula has been incredibly popular with Essex property-seekers who are keen to purchase a stylish apartment in a fantastic location close to the coast.
“With the Help To Buy incentive available at the development, buyers will find they need just a small deposit to secure the home of their dreams – and the monthly mortgage repayments won’t break the bank either!”
Property-seekers can choose from a range of one and two-bedroom apartments available to reserve at Peninsula, with prices starting from just £80,995.
The two-bedroom ‘Kirby’ apartment, for example, is priced from £92,995 and features an open-plan kitchen/living room, a master bedroom, a further double bedroom and a main bathroom. Outside, there’s allocated parking, while selected plots boast private balconies with views of the Stour shoreline.
Under Help To Buy, customers receive a Government loan of up to 20%, which is available on new-build properties up to the value of £600,000, and there is no salary cap for homebuyers taking advantage of this scheme.
With a 5% deposit all that’s required, this means they can access a 75% loan-to-value mortgage on their chosen property, opening up a wider range of deals and lower monthly payments.
Peninsula offers homebuyers an enviable lifestyle close to Blue Flag beaches, a wealth of restaurants, bars and cafes, a weekly market and monthly farmers’ market plus a great choice of shops, including an Asda supermarket on the doorstep.
In addition to windsurfing and a wide range of watersports, Dovercourt Leisure Centre in Low Road offers a swimming pool and solarium, fitness suite and floodlit pitch, while there are also local facilities for football, rugby, cricket and tennis.
Walking trails provide the chance to explore the nearby woodlands and meadows, while the country lanes and shoreline also make for perfect cycling.
Commuters will appreciate that Dovercourt Railway Station is only half a mile from home, offering regular services to Colchester in 30 minutes, Chelmsford in 60 minutes, and London Liverpool Street in 90 minutes. Road links are also excellent, with the A120 to Colchester close by, and Stansted Airport only 50 miles away.
To find out about the benefits of buying a first home at Peninsula, prospective purchasers can visit the Sales Information Centre, located at Heron Way, Dovercourt, Essex, CO12 3FD, and open daily from 10am to 5pm (Mondays from 1.30pm to 5pm).
Information on Taylor Wimpey developments across the region is available by visiting taylorwimpey.co.uk/eastanglia.
