Strong sales continue at Park Central, Birmingham
Park Central has continued its strong start to 2011 reporting a total of nine sales for February and securing its position as the fastest selling Crest Nicholson development in the UK.
Reflecting the latest Hometrack survey of 5,000 agents and surveyors, which showed demand for housing jumped 14.7% in February, interest in Park Central remains strong with a total 86 visitors to the development’s marketing suite last month.
February purchasers at Park Central snapped up a range of apartment and townhouse properties across the scheme’s popular Liberty Apartments and Lower Parkside phases as Ruth Williams, sales manager for Park Central explains: “We are delighted to have followed up an extremely successful January with an even better February at Park Central. The development’s range of properties has maintained its popularity with purchasers across the board and, with the Government’s HomeBuy Direct scheme terminating this month, we have also seen a rush of people keen to take advantage before it runs out. This combined with the opening of two new show homes – a townhouse and an apartment – has maintained Park Central’s position at the top of house hunters viewing lists and we are thrilled that buyers are continuing to make the scheme their first choice for city living in Birmingham.”
Continuing to support purchasers following the termination of HomeBuy Direct, Crest Nicholson is offering its own dedicated EasyBuy scheme at Park Central. This enables purchasers to pay just 85 per cent of the price of their new home, which breaks down as a mortgage for 80 per cent and a five per cent deposit. The remaining 15 per cent share is covered by an equity loan to be paid back at a convenient time. This loan is interest free for the first five years, with a low interest rate fixed at just three per cent APR from the start of year six. The only requirement is that the equity loan is paid back within 10 years of the original completion date; or if the homeowner sells the property, the 15 per cent must be repaid at the property’s current open market value.
“EasyBuy offers purchasers fantastic support by helping them to secure a mortgage for a reduced amount while still retaining 100 per cent ownership of their property,” continued Ruth. “Prices at Park Central currently start from £92,000 but by using EasyBuy, qualified house hunters could secure a mortgage on that property for just £73,600 and with a deposit of less than £5,000, making getting on the property ladder more affordable than many people realise.”
Bordered by Bath Row and Lee Bank Middleway, and just minutes from The Mailbox, Park Central is an award winning Crest Nicholson development which features an extensive choice of stylish new apartments and townhouses, set around eight acres of landscaped public parkland. Lower Parkside, the latest phase of the development, offers a range of one and two-bedroom apartments alongside highly exclusive two, three and four-bedroom freehold townhouses. Properties at Lower Parkside are available from £92,000 for a one-bedroom apartment, with two-bedroom townhouses priced from £180,000. A townhouse and two bedroom apartment show homes are now open to view at Lower Parkside.
For more information on Park Central, visit the marketing suite, which is open daily from 10am to 5pm and is located at Park Central, 2 Mason Way, Birmingham B15 2EY.
