Starter homes selling fast in Southampton

First-time buyers have been snapping up apartments at Chapel Annexe, David Wilson Homes' new development in Southampton, where more than half of all the homes have been sold.

"We launched Chapel Annexe earlier this year," reports Mark Docherty, David Wilson Homes Southampton sales director. "Since then, we've enjoyed considerable success at the site, which offers 60 one-bedroom homes near the city centre."

"This development is obviously fulfilling a need for new starter homes and it really is an attractive site, complete with a roof terrace for residents and great views over the maritime city.

"Although the homes are all one-bedroom apartments, sizes vary and some have parking spaces," Mark continued. "Prices range from £122,995 to £143,995. However, buyers taking advantage of our Dream Start offer can purchase one of our Delta apartments at a reduced price of just £92,246.

"We know how difficult it is for first-time buyers to enter the housing market, particularly with the current credit crunch, so we designed our Dream Start option to give them a helping hand. They only need to pay 75 per cent of the full asking price and there's no deposit.

"The offer works by arranging mortgage finance on 75 per cent of the purchase price while the other 25 per cent is covered by David Wilson Homes and repayable interest free, either within 10 years or on the resale of the property," he added.

"The Delta is an ideal starter home and comes with a kitchen/dining room and shower room. We have one priced at £130,995 reduced to £98,246 with Dream Start. It's a great offer and the price includes carpets, curtains and light fittings."

Southampton boasts one of the UK's largest marina developments and hosts its own annual boat show. The many outdoor activity centres make Southampton the perfect location for yachting, sailing and water sport enthusiasts, and yet it also offers all the cultural, shopping and leisure facilities expected of a thriving city, and there are easy transport links to the south coast.

For more information, see Dwh.co.uk.