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Why rent when you can buy a new home at The Promenade in Coventry

10th August 2015 Print
Taylor Wimpey

Renters who dream of becoming homeowners will find that buying a property at The Promenade, Taylor Wimpey’s popular development in Coventry, could be more affordable than they might have imagined.

Prospective purchasers who are tired of throwing money away on rent can choose from a selection of stunning one and two-bedroom apartments at The Promenade, where prices start from just £103,995.

Eligible buyers can take advantage of the Help to Buy equity loan scheme to secure a Government loan for up to 20% of the full price of their new home – meaning they only require a 75% loan-to-value mortgage and a deposit as low as 5%.

Help to Buy is available on new-build properties up to the value of £600,000 and there is no salary cap for customers who take advantage of the scheme.

Now is a great time for purchasers to buy a new home, with reduced stamp duty for many and the Bank of England keeping the base rate at an historic low of 0.5%, which means that there are great mortgage deals to be had.

Elaine Taylor, Regional Sales and Marketing Director for Taylor Wimpey, says: “Instead of lining their landlord’s pockets, renters who long to take their first step on to the property ladder will find a range of superb apartments on offer for great-value prices at The Promenade.

“Thanks to Help to Buy, becoming a homeowner could be even easier and more affordable than prospective purchasers might think. In fact, they may well find that their monthly mortgage repayments are less than the amount they’ve been paying in rent!

“However, there’s a great deal of interest in these high-quality, great-value properties, so I’d urge anyone interested to come and see us as soon as possible!”

There’s a superb selection of apartments available at The Promenade including plot 341, a one-bedroom apartment priced at just £103,995. This ground-floor property features a light and airy open-plan kitchen/living room with French doors, a master bedroom, a main bathroom, a useful storage cupboard and an allocated parking space.

The Promenade is an exciting new development in the up-and-coming area of New Stoke Village on the eastern fringes of Coventry’s historic city centre. This emerging residential neighbourhood benefits from attractive green open spaces, cycle routes and footpaths, with a choice of schools for children of all ages located nearby.

Coventry boasts an extensive selection of shops, plus theatres, cinemas, museums, art galleries, restaurants and bars, as well as the Coventry SkyDome Ice Rink, the Ricoh Arena and the first city-centre IKEA to be opened in the UK.

Junction 2 of the M6 is less than five miles away and Coventry railway station only two miles from home for regular services to London Euston and Birmingham.

To find out more about leaving renting behind to purchase a new home at The Promenade, property-seekers can visit the Sales and Marketing Suite, located in Surrey Drive, off Anglian Way, Coventry, West Midlands, CV3 1PL, and open daily between 11am and 5pm. Alternatively, visit

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Taylor Wimpey