Homes for under £75k give buyers a dream start

With nine apartments available to buy for under £75k at Barratt West Midlands’ Squire’s Lock development on Lichfield Road in Wolverhampton, it could be just the Dream Start to home ownership that many first-time buyers have been looking for.

There are currently nine, two-bedroom apartments available to buy at the development all priced at £99,950. But with the chance to take advantage of Barratt’s highly successful Dream Start scheme, purchasers could own one of these fantastic properties for just £74,965.

Both the Langley and the Knighton style apartments are the ideal first home and offer a spacious open-plan living and dining room, separate kitchen, en-suite to the master bedroom, second double bedroom and stylish main bathroom.

Graydon Worthing, Sales Director for Barratt West Midlands commented, “The chance to buy a home for less than £75k is quite a rare find nowadays which makes the prices of these apartments truly irresistible. While there are nine homes currently available on the scheme, we have received significant interest from purchasers and these properties are sure to sell very quickly indeed.

“Dream Start has been one of our most popular schemes to date, with one of the biggest selling points being that it is not like any of the shared ownership schemes which are currently on the market. Instead purchasers own 100 per cent of the property from day one, but only have to pay 75 per cent of the price.

Homebuyers taking advantage of the Dream Start scheme only pay 75 per cent of the property’s value. There is no interest or rent to pay on the remaining 25 per cent, it is simply paid back as 25 per cent of the property’s market value at the point of resale or within 10 years, whichever is sooner.

Graydon continued, “Dream Start has made such a difference to many people who were desperately trying to get on the property ladder but simply couldn’t afford to allowing them to buy their very first home and this could be just the scheme for you too.”

Situated on a no-through road, Squire’s Lock is just a few minutes walk from the local shops and library whilst the development itself benefits from a public open space, making it the ideal home for families.

The development also offers a selection of two-bedroom coachouses priced from £123,950. For more information, log on to barratthomes.co.uk/squireslock.