Last chance to buy dream first home at Cathedral View
This is the last chance for homebuyers in Cambridgeshire to find their perfect first home as just one apartment now remains for sale at Barratt Northampton’s Cathedral View development on Kings Avenue in Ely.
Priced at only £137,685, plot 372, the Falmer style two-bedroom ground floor apartment offers a spacious living/dining room, fully fitted kitchen, two bedrooms and stylish bathroom.
Paul Walker, Sales Director for Barratt Northampton commented, “The Falmer style apartment offers spacious accommodation at an affordable price, making it the ideal first home for couples and young professionals.
“Therefore, it is no surprise that it has proven to be very popular with purchasers at Cathedral View and that there is now only one plot in this style still available to buy.”
Plot 372 is not only available for the great price of £137,685 but, if eligible, the lucky purchaser could also use the HomeBuy Direct scheme which helps to make the step into home ownership even more affordable.
HomeBuy Direct is a Government scheme which is being offered by Barratt. It means that eligible purchasers could move into a new home for just 70 per cent of the price. With the initiative the Falmer apartment could be purchased for an initial outlay of just £96,379.
Paul continued, “The chance to move into this apartment for as little as £96,379 is an unmissable opportunity and interested purchasers should visit Cathedral View now to avoid disappointment.”
HomeBuy Direct 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.
Buyers can redeem the loan in instalments, purchasing up to 100 per cent of the equity after their initial purchase by buying additional equity at the market rate. Alternatively, if they sell their home, the equity loan is repaid by way of a proportionate share of the sale proceeds.
David Edwards, regional director for the South East division of 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.”
Cathedral View also offers a selection of two-bedroom coachouses and three-bedroom houses priced from £171,850. For more information log on to Barratthomes.co.uk/cathedralview.
