Readers furnishes new show home in Newport

David Wilson Homes is opening a new show home at its popular Carisbrooke Grange development in Newport, which has been furnished by local Newport shop, Readers.

The three bedroom semi detached Kingsbury design has been filled with furniture from the local family business in South Street to show it off to perfection including all furniture, bed linen and accessories such vases.

The Kingsbury at plot 127 can be purchased and has an asking price of £228,000. However through the government’s HomeBuy Direct scheme, it can be bought for just £159,600 coming complete with carpets and curtains.

The scheme provides eligible buyers with an equity loan of up to 30 per cent, jointly funded by David Wilson Homes and the government, making getting on the property ladder accessible for so many who think they are currently priced out of the market.

Mark Docherty, David Wilson sales director, said: “We’ve secured additional homes under the HomeBuy Direct scheme at Carisbrooke Grange and interest is high, so we urge anyone interested to make contact as soon as possible.

“The scheme really is perfect for people who have been priced out of the housing market for years and can take advantage of this outstanding opportunity to buy a new home. The 30 per cent equity loan is from ourselves and the government but buyers do still need a deposit although this is substantially less than a usual deposit.

“The initiative 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,” continued Mark.

“Eligible households will have an income of up to £60,000 and would not normally be able to afford to buy a suitable property on the open market,” he added.

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.

Carisbrooke Grange is a select development of one, two, three and four-bedroom homes in a convenient position to the west of Newport. The area is an ideal location for all age groups as it offers a wealth of amenities and easy links to the mainland. Over half of the island is designated as an area of outstanding natural beauty.

For further details on HomeBuy Direct at Carisbrooke visit the sales office in Sylvan Drive, Newport, open daily from 11am to 6pm.