Affordable homes in one of Warwickshire’ best villages

David Wilson Mercia is offering homebuyers the exclusive chance to live in Henley-in-Arden, one of Warwickshire’s best villages, for less than £98k at its Henley Point development.

Henley Point is situated on William James Way off the High Street in Henley-in-Arden. The village has recently been named one of Warwickshire’s best villages, securing a gold award in the WRCC (Warwickshire Rural Community Council) ‘Warwickshire’s Best Village’ competition 2009.

The competition which is held annually, invites villages in Warwickshire, with 5,000 residents or less, to enter the competition with the chance to become ‘Warwickshire’s Best Village’. The competition has six categories, which villages can enter, these include: Community projects, community buildings, communication, business in the community, environmental projects and history and heritage.

Henley-in-Arden won third place in the ‘History and Heritage’ category for the provision of the Henley Heritage Centre, which is ran entirely by volunteers. The town then went on to win a gold award for the overall Best Village 2009.

Henley Point offers a selection of homes which are all situated just a few minutes walk from the Henley-in-Arden High Street which is the hub of this exclusive town which offers a wide selection of independent shops, bars and restaurants. The M42, M40 and Henley railway station are also close by, whilst still being in the beautiful Warwickshire countryside, making this the ideal rural retreat for any homebuyer.

Prices start from £139,950, however David Wilson is currently offering buyers the chance to take advantage of a new scheme from the government called HomeBuy Direct which means that buyers could move into one of these exclusive homes for just 70 per cent of the price. This means that the one-bedroom apartments could be purchased for as little as £97,965.

Julia Chapman, Sales Manager for David Wilson Mercia commented, “Henley Point is an exclusive development situated in this highly sought after market town, making it a very desirable development.

“Therefore, the prospect of purchasing a property here for less than £98,000 with the HomeBuy Direct scheme, really is an unmissable opportunity and with 60 per cent of the development now sold, I’m sure that these properties will be snapped up very quickly indeed and homebuyers should register their interest so as not to miss out.”

Eligible purchasers using HomeBuy Direct will benefit from a 30 per cent equity loan which is jointly funded by David Wilson and the Government. The final 70 per cent is financed by the purchaser either with a mortgage, a deposit or a combination of the two.

Paul Spooner, regional director for the South East division or the Homes and Communities Agency, said: “In the current climate it’s important that we help a range of people to find the best housing option to suit them, and simultaneously help stimulate the building of new homes. HomeBuy Direct, with our £400 million investment, is just one way in which we’re doing this and it is proving extremely popular.”

The scheme is open to first-time buyers, key workers and others who are currently renting. People who have previously owned a home but are now unable to do so – perhaps where relationships have broken down – can also apply. Households eligible will be earning less than £60,000 and would not normally be able to afford to buy a suitable property on the open market. There is no interest to pay on the equity stake for the first five years, although a small fee will be charged from year six onwards.

Henley Point also offers a selection of two-bedroom apartments priced from £169,950. For more information, log on to dwh.co.uk/henleypoint.