Affordable homes for local people
26 November 2021
Helping Coventry residents - struggling to get on the property ladder - buy their own home.
A number of affordable two-bedroom apartments are available at Bannerbrook Park on Jasper Close for just 75 per cent of the market value.
That means local people who qualify could own their own modern and stylish apartment for just £120,750.
The Discount on Market Value scheme is already proving popular with first time buyers, keen to get their first foot on the property ladder but priced out of the market.
Sarah Preston, sales director for Central, said: “There are various schemes that make home ownership affordable, but ours targets local people, giving them a helping hand to buy a home within their own community.
“It is a brilliant scheme and the feedback we have had is that it’s a quick and hassle-free route to becoming a homeowner in your home town.”
To qualify, buyers need to live within three miles of the local authority boundary and have local connections.
Income caps apply - £30,000 for a person buying on their own, and a joint income of £45,000 for a couple. They also need to be able to put down a deposit of 15 per cent of the discounted price.
The buyer would wholly own the property but, if it is sold at a later date, they would only receive 75 per cent of the proceeds of the sale.
Bannerbrook Park is a collection of new homes just a stone’s throw away from Coventry city centre, with its designer shops, cafes and restaurants. The open plan apartments all have en suite to bedroom one, a handy storage cupboard and come with an allocated parking space.
For more information and full terms & conditions, call one of the experienced advisors at Bannerbrook Park on 02475 260 644 who will be happy to help.