New homes round up - West Midlands
Posted 22 October 2014 by Keith Osborne
The West Midlands – home to the cities of Birmingham, Coventry and Wolverhampton, as well as several large towns – has no shortage of new developments incorporating starter homes, including several with shared ownership options.
Here is just a small selection of starter homes, from various housebuilders, dotted across the West Midlands region:
In Marston Green near Birmingham, Persimmon Homes has two-bedroom starter homes available at Moat House Fields priced from £239,995 upwards. Just over 20 minutes' drive from Birmingham, the properties are available through Help to Buy. This scheme enables buyers to secure a new home with a 5% deposit. The Government provides a loan of 20% of the house value (interest-free for five years), therefore the buyer only needs a mortgage of 75%.
In the Longbridge area of Birmingham, Waterloo Homes – which provides shared ownership homes – has just one remaining two-bedroom semi-detached property available at Jenson Street, part of the popular Cofton Fields development (pictured). A 25% share in the property costs £38,750, with a monthly rent of £266.41 payable, plus £50 service charge. Built by Persimmon Homes, the property includes two double bedrooms, a turfed and fenced rear garden with shed, and allocated parking.
With two universities (Warwick is just on the edge of town) and a good choice of competitively-priced new homes available, the city of Coventry is also well-connected: the M6 is on the outskirts. while rail services to Birmingham run every 15 minutes, taking just 25 minutes.
Persimmon Homes has two-bedroom starter homes and larger properties available at its suburban Eight @ Bannerbrook Park development, starting from £232,995. Perched on the edge of the city centre, home owners there will have easy access to local amenities, and are only a short walk from the train station. Purchase assistance schemes available there include Help to Buy and Persimmon's own Home Change and Part Exchange schemes.
Just nine miles from Birmingham, Solihull was named "best place to live in the UK" in 2013 by energy comparison site Uswitch.com's Quality of Life Index – thanks to its higher than average incomes, better employment rates, and longer life expectancies.
Waterloo Homes is currently developing new homes at Duggins Lane on the outskirts of Solihull. This small development will incorporate six two-bedroom semi-detached houses available for sale by shared ownership / part-buy part-rent, which should make them appealing to first time buyers (price on application). The first homes are due for completion in March 2015.
In the suburb of Shirley, Miller Homes is set to launch a new development in November called Mounts Chase, offering two-bedroom starter homes and a choice of larger properties (prices not yet released).
In Wednesfield, less than three miles from Wolverhampton, Taylor Wimpey has two-bedroom starter homes priced from £154,500 at Wards Bridge Gardens. Overlooking the pretty Wyrley and Essington Canal, the development has schools and a whole host of other local amenities right on its doorstep. Residents will enjoy easy access to a new public recreational space just south of the new homes, while a short walk away Wednesfield's town centre offers plenty of shops, pubs, a market, a library, and many other community facilities.