New homes for under £100k at Park View

Award-winning housebuilder Barratt Mercia is offering local homebuyers the chance to purchase their dream home for under the magic £100,000 mark at its Park View development on Woodway Lane in Coventry. The one-bedroom Falmouth style apartment is on offer to homebuyers for just £90,150 thanks to Barratt’s innovative ‘Dream Start’ scheme which was launched earlier in the year.

Gerry Dupree, Managing Director at Gerry Dupree and Company, the Gloucestershire-based independent financial advisory (IFA) firm recommended by Barratt, commented, “Dream Start is an innovative mortgage scheme which allows key workers and first time buyers to purchase 100 per cent of the property for just 75 per cent of the price.

“The scheme has several major advantages and can help to make the dream of home ownership a reality for many first time buyers whilst offering purchasers more choice in terms of the property type or number of bedrooms that fall within their budget.

“In addition to these benefits possibly the most important advantage is the fact that there is no rent or interest to pay on the outstanding 25 per cent, the deferred amount is simply paid back as 25 per cent of the properties open market value at any time up to the resale of the house or within 10 years, whichever is sooner.”

Chris Ashmore, Sales Director for Barratt added, “Dream Start has proven extremely popular with local homebuyers and we expect this to continue throughout the New Year with homebuyers keen to take advantage of the scheme’s many benefits.

“Park View is ideal for key workers such as doctors and nurses due to the close proximity to Walsgrave hospital, which is just five minutes drive from the development.”

The Falmouth style apartment comprises open plan living/dining room and kitchen, double bedroom and stylish bathroom. The Falmouth is priced at £120,200 which means with Dream Start the apartment could be purchased for just £90,150.

Park View comprises 69 one and two-bedroom apartments. For more information log on to barratthomes.co.uk/parkview.