LoginSubscribe to Alerts

Special Affordable Homes Initiative To Local Buyers In Coventry

Posted 1 December 2021 by Keith Osborne

Persimmon Homes is running an initiative allowing local buyers to purchase at 75% of market price at Bannerbrook Park...

Persimmon Homes is helping local Coventry people struggling to get on the property ladder buy their own home by offering a number of affordable two-bedroom apartments available for just 75% of the market value at its Bannerbrook Park development on Jasper Close.

That means local people who qualify could own their own 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 Persimmon Homes Central, said: “There are various schemes that make homeownership 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% 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% 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, cafés and restaurants. The open-plan apartments all have en suite to bedroom one, a handy storage cupboard and come with an allocated parking space.

Preston added: “At Persimmon, we are proud to create homes to suit the whole community. The provision of affordable homes within our developments is an important element in helping our local towns and villages to survive and thrive.”

Find out more about Bannerbrook Park from Persimmon Homes.

 

Find retirement homes in West Midlands
Find Help to Buy homes in West Midlands
Find new homes in West Midlands

 

Featured Developments
Coventry, West Midlands CV4
£120,000
Bannerbrook Park
Coventry, West Midlands CV4 
2 - 3 bedroom properties
Persimmon Homes
Save time and contact all housebuilders at once
Select the developments you're interested in and we will do the rest.
  • Bannerbrook Park
By clicking "Request Details" I accept the Terms and Conditions and Privacy Policy and I am happy to receive more information about the above or other developments similar from WhatHouse? Digital or these developers. I understand that consent isn't a condition of purchase for any product or service and that I can opt out at any time.
The housebuilder will use these details to contact you about this property/development to arrange a viewing or provide you with more information.
Misbourne House (Kebbell)
28 January 2022
Misbourne House comprises just eight luxury two- and three-bedroom apartments in the desirable Buckinghamshire town...Read more
Hatfield Rise (Lovell)
28 January 2022
Lovell has released the first homes for private sale at its impressive Hatfield Rise development...Read more
Tara Fields (Linden Homes)
28 January 2022
Linden Homes is offering £8,000 towards costs on reservations from now until mid-March at Tara Fields in East Ayton...Read more
The ‘Spruce’ at Crown Hill Gardens
20 January 2022
There are deals on reservations of brand new part buy-part rent homes at some developments in the West Midlands region...Read more
Show home at Scholars' Court (William Davis Homes)
17 January 2022
The four-bedroom ‘Medway’ at Scholars' Court is William Davis Homes' most luxurious show house ever...Read more
Sunnyside View (Owl Homes)
29 December 2021
Sunnyside View is a Midlands development of houses and apartments from WhatHouse? Award-winning Owl Homes…Read more
Sign up for email alertsGet the latest properties and updates sent directly to your inbox daily, weekly or immediately you are in control.
Subscribe to Alerts
New Homebuyers Guide
Together with Redrow, we’ve created a guide to take you through the whole process, step-by-step; from house-hunting to past moving-in day. There are handy tips on how to anticipate and avoid complications, and some advice on ways you can successfully purchase your ideal new home.

Click here to see your activities