Golden opportunities at Park Central, Birmingham
To celebrate the Chinese New Year (23rd January) and the Year of the Dragon, developer Crest Nicholson is offering house-hunters a selection of ‘golden’ opportunities at its Park Central development in Birmingham city centre.
For a limited time only potential purchasers could save up to £10,000 on a fully-furnished two bedroom show apartment in Park Central’s Liberty building, with prices reduced to as little as £136,950.
Additionally, the latest phase of one and two bedroom apartments have now been released at the stylish Lower Parkside – the latest £15 million phase of the Park Central development – with prices starting from just £110,000 for a one bedroom apartment in the Houston building.
Ruth Williams, sales manager at Park Central says: “The celestial dragon is the ultimate auspicious symbol signifying success and happiness, so at Park Central we want to help as many house hunters as possible find their perfect home in 2012 – kick starting their year with a successful and happy move.
“Many people are under the impression that living in the city centre is an unaffordable dream but at Park Central we have such a range of properties that there really is something to suit everyone’s needs, from beautiful three bedroom townhouses to one bedroom stylish apartments – and all much more affordable than people think.”
Boasting contemporary designs, the apartments at Park Central benefit from open plan kitchens and living areas which overlook the eight acres of landscaped parkland at the heart of the development. All properties have a high internal specification including individually-designed kitchens complete with stainless steel oven, hob and extractor, and integrated appliances. Contemporary bathrooms feature Hansgrohe mixer taps and stylish Porcelanosa tiling, along with chrome towel rails.
Ruth continues: “We also have some golden opportunities available specifically for first time buyers at Park Central. Our EasyBuy initiative allows first time buyers to purchase a two bedroom apartment for just 85 per cent of the price. Under the scheme purchasers only need a deposit of around £7,000 which is a vast saving compared to the national average.”
Under Crest Nicholson’s EasyBuy initiative the purchaser pays just 85 per cent of the price of their new home – a five per cent deposit and 80 per cent mortgage. 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 property is sold, the 15 per cent must be repaid at the property’s current open market value.
Under EasyBuy the stylish Lincoln two-bedroom apartment can be purchased for just £114,800, marking a saving of 20 per cent off the £143,500 list price.
“Living in the city centre is a fantastic opportunity in itself, bringing with it the chance to prosper in the UK’s second city, along with having a huge variety of restaurants, bars, theatres and museums on your doorstep – not to mention the shopping opportunities! It has been fantastic to see the community develop at Park Central, with young professionals, families and first time buyers all helping to make the development a dynamic and friendly place to live.”
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.
For more information on Park Central, visit parkcentral.co.uk.
