Low cost living comes to West Heath

Barratt West Midlands is offering homebuyers in West Heath the chance to buy a brand new home for as little as £102,200 at its Westminster Place development on Alvechurch Road. Barratt, in conjunction with Birmingham City Council, has launched a new low-cost housing scheme which has been designed to assist local homebuyers onto the property ladder by offering them the opportunity to buy a new two-bedroom apartment at Westminster Place at a discount of 70 per cent off the market value.

David Child, Sales Director for Barratt said, "There is a real shortage of affordable homes in the UK today so it is very important for us to be able to offer these apartments at such a significant discount. It means that those who may otherwise struggle to get a foot onto the property ladder will be able to make the dream of home ownership a reality, whilst still owning 100 per cent of the property.

"These apartments are perfect for a first home, buyers have the chance to move straight in without having to worry about maintenance or DIY, meaning they are able to concentrate on enjoying their beautiful new home.

"This is not a shared ownership scheme, homebuyers own 100 per cent of the property and there is no rent to pay on the remaining 30 per cent, nor does it have to be paid back at a later date. However the property must remain at the same percentage discount off the market value for all future re-sales to ensure that there is a good supply of low cost homes for years to come."

There are currently four, two-bedroom Brindley style apartments available for low cost ownership. Each apartment benefits from a spacious open plan living and dining room with connecting kitchen, stylish en-suite to the master bedroom, a further bedroom and modern bathroom, making it an ideal first home.

To be eligible for the scheme purchasers must already live or work in Birmingham and single purchasers must earn less than £25,000 or less than £40,000 for joint purchasers.

Westminster Place offers a selection of one- and two-bedroom apartments and three- and four-bedroom houses. For more information, log on to Barratthomes.co.uk/westminsterplace.