Helping hand for buyers in Salisbury

With the average house price in Salisbury now standing at £291,424 and prices of apartments averaging £184,741, it is not surprising that buyers seeking their first property in Wiltshire are struggling to find a dream home.

With our purse strings tightening further with recent petrol and energy price hikes, the rising cost of living is leaving many househunters disappointed. However, Persimmon Homes South Coast might have found a solution for buyers looking for a new home in Salisbury.

The Helping Hand initiative enables buyers to take advantage of a shared equity scheme at the Avon Place development in Salisbury. The scheme facilitates purchasers to pay for 75 per cent of the property with Persimmon making up the remaining 25 per cent, enabling buyers to own 100 per cent of their property.

This means that all two bedroom apartments at this lovely new development, priced from £169,950, can actually be purchased for as little as £127,463, making securing your first mortgage that little more affordable.

Purchasers then have up to ten years to pay back the remaining 25 per cent of the property price until they sell or transfer it. With most people’s salaries certain to increase over a ten year period, the opportunity of no interest to pay on the remaining 25 per cent offers an affordable way to home ownership.

Rob Allen, sales director for Persimmon Homes South Coast, comments: “We constantly strive to offer the best prices on all of our homes but understand that many buyers still struggle to obtain a mortgage.

“While new homes in many parts of the UK still represent good value for money, as an industry we have to accept the fact that many buyers are finding it difficult to get on the property ladder in the current climate,” he adds.

And if you are not sure if apartment living is for you, take a look at the practical design of these new homes. Each one comes with a well-sized master bedroom boasting an en-suite facility (apart from plot 13) and a fitted wardrobe, plus another bedroom, a family bathroom, an airy kitchen / living room and a fitted cupboard. All apartments also come with a parking space.

Wiltshire’s “Jewel in the Crown”, Salisbury boasts a famous cathedral, charming cobbled streets and a range of independent shops and boutiques, as well as leading retail stores. Home to good restaurants, bars and cafés, Salisbury has a rich cultural offering and plenty of entertainment options for its residents.

Located a short walk from Salisbury City Centre, close to the River Avon, the development is easily accessible via the A36, A338 and A354 linking it well with Southampton, Bournemouth and surrounding areas.

For further information on the range of properties available in Avon Place and to register your interest visit Persimmon online at Persimmonhomes.com.