First homes for under £53k in Downham Market
First-time buyers can own a brand new home from only £52,495* in Downham Market thanks to the Government-backed HomeBuy Direct scheme, available to quick-off-the-mark first-time purchasers at Taylor Wimpey’s popular Windmill Chase development.
It means that those renting – who typically shell out around £400 a month* for a one-bedroom flat in Downham Market – can instead own a brand new apartment home with mortgage repayments of around £306 a month.
Available to qualifying first-time buyers, the HomeBuy Direct scheme aims to help people step onto the property ladder by topping up their 5% deposit with an extra 30% down-payment on their new home’s value – an equity loan that is interest-free for the first five years and then capped at a low rate of interest for up to 25 years.
Nicola Bullivant, Sales Manager for Taylor Wimpey, says: “Unlike many first-time purchases from the second-hand property market, we can offer the HomeBuy Direct shared equity scheme to help our customers, and guide them through the purchase of their new home.
“With a deposit of just £2,625 and a mortgage of as little as £49,870, our customers can enjoy lower interest rates, monthly repayments which compare very favourably with rental prices, and own a brand new apartment as an investment for the future.
“We’re urging those in rented accommodation to come and see what they can afford at Windmill Chase – but they must do so fast, before the selected homes available using the HomeBuy Direct scheme sell out!”
The one-bedroom ‘Kennett’ coach house apartment is available at Windmill Chase at the HomeBuy Direct price of only £52,495 and is a delightful first home, with a private front door and entrance hallway, stairs leading up to the spacious lounge and semi-open-plan kitchen, a well-proportioned bedroom, and a bathroom off the landing.
The ‘Blackthorn’ apartment, priced from £55,995 under HomeBuy Direct, sits within a block of just six homes and features a similarly appealing internal layout, while two-bedroom apartments are also available under the scheme, priced from only £62,995*.
In addition to being a low-maintenance investment with no need for costly refurbishment or decoration, each new home at Windmill Chase features a fitted Symphony kitchen complete with built-in stainless steel oven, hob and extractor.
Perfectly placed on the edge of Downham Market, yet within easy walking distance of the town centre and train station, Windmill Chase takes its name from the historic Denver Windmill, restored recently to mill flour for locally produced bread.
The town offers a wide selection of high street shops, supermarkets, specialist stores and a twice-weekly market in addition to a leisure centre with swimming pool and sports hall, two parks, tennis courts, squash courts and a golf course.
For days out, the flowers and birdlife of Welney nature reserve are close by, and Downham Market is within a 45-minute drive of the beautiful sandy beaches of the North Norfolk coastline.
Commuters will appreciate Downham Market station is just a quarter of a mile from the development, with direct services to London King’s Cross in around 90 minutes, while the towns of King’s Lynn, Wisbech and Ely are all within 30 minutes by road.
To find out more about benefiting from HomeBuy Direct, visit Windmill Chase Sales Centre, located off Bennett Street, Downham Market, and open Thursday to Sunday from 10am to 5pm, and from 1.30pm to 5pm on Monday.
Information on Taylor Wimpey East Anglia’s developments across the region is available at: taylorwimpey.co.uk
* Terms and conditions apply.
