1000th home completed at Park Central, Birmingham
Crest Nicholson has successfully completed the construction of the 1,000th new home at its Park Central development in Birmingham city centre.
Combining a range of apartments, duplexes, penthouses and freehold townhouses, Park Central has created a vibrant new community in Birmingham city centre, which includes around 25 per cent affordable housing, successfully delivered in partnership with Optima Community Association.
An apartment in the development’s popular Liberty complex of apartment and duplex properties, the 1,000th property has been completed eight years after construction began on site in 2003. With a gross development investment of £350 million, the development is now home to some 2,500 residents and, alongside residential opportunities, has delivered eight acres of new green space plus community facilities Birmingham city centre.
Stephen Knowles, Project Director for Park Central commented: “We are delighted to have reached this construction landmark at Park Central with the 1,000th property completed and sees us two thirds of the way through the overall build programme for the development. Over 300 local tradesman and over 100 local subcontractors have been involved to date in the construction of Park Central. It’s a Birmingham community proudly created by local people and we believe this is key to the development’s consistent popularity with regional house hunters.”
Simon Kimberley, Chief Executive of Optima Community Association added: “Park Central is the major element of the Attwood Green regeneration programme. The new homes have been expertly developed to complement the retained housing, creating a much acclaimed and award winning development. We look forward to working with Crest to implement the final phases of the scheme.”
Bordered by Bath Row and Lee Bank Middleway, and just minutes from The Mailbox, Park Central is a national award winning residential development. . 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 £94,000 for a one-bedroom apartment, with two-bedroom townhouses priced from £199,000. A townhouse and two bedroom apartment show homes are now open to view at Lower Parkside.
Eligible purchasers can take advantage of EasyBuy, a dedicated Crest Nicholson scheme under which purchasers have the opportunity to pay just 85 per cent of the price of their new home. This 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.
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.
