Warwickshire Offers Plenty Of Choice For First-time Buyers
Situated in the West Midlands, Warwickshire has no cities of its own but its largest
towns include Nuneaton, Rugby and Leamington Spa - while it's also easy to reach the cities of Birmingham, Leicester and Coventry in neighbouring counties. It's a popular area for those hoping to secure their first property.
First-time buyers looking for a new home in Nuneaton, Warwickshire's largest town, will find around 125 new homes at Nuns Retreat, a development from Bloor Homes, situated within walking distance of the town centre. Priced from 135,950 to 259,950, the site includes one- and two-bedroom apartments and three- to five-bedroom homes. There are also a number of offers available at this development to help first-time buyers. BloorMoneyWatch doubles your deposit to help you secure your new home, while the BloorHomeStart 2 shared equity scheme lets you pay a percentage of the property price before you move in, and pay the remaining percentage of the current value within ten years or when you decide to sell (whichever is sooner). The town of Nuneaton has a good range of shops and is well-situated for commuters - offering easy access to the M6, M42, M69 and the main A5. It's close to several cities, too: Birmingham is about 25 miles west, Leicester 21 miles east, and Coventry 10 miles south.
On the edge of Nuneaton, and offering easy commuting to Coventry, Atherstone and Hinkley, Redrow's Eliot's View development is another good option for first-time buyers in Warwickshire. Made up of two-, three- and four-bedroom homes from its New Heritage Collection, these homes combine traditional architecture and craftsmanship with designs for modern living. Costing 99,995 to 229,995, properties can be bought under the Government's FirstBuy scheme, whereby Redrow and the Government give you a 20% equity loan (interest free for five years) which means you only need to save a four per cent deposit and secure a 76% mortgage - yet still own 100% of your new home.
Just outside Rugby, another of Warwickshire's main towns, Orbit Homes has a range of affordable two- and three-bedroom homes at The Paddocks in the quiet village of Long Lawford. Priced from 51,400, these are available under the Government's HomeBuy Shared Ownership scheme, which allows you to buy a share in a new home and pay subsidised rent on the remaining part you don't own. Later, you can choose to buy extra shares in your home if you wish - until you own it in full. Long Lawford has a good range of local facilities including a primary school, a general store, pubs and a post office, while a wider range of amenities is available in the historic market town of Rugby (one mile), or the cities of Coventry (15 miles), Leicester (23 miles), or Birmingham (35 miles).
And, now available from Orbit Homes, Church View also offers affordable new homes in Warwickshire, available from 66,000 under the HomeBuy Shared Ownership Scheme. Located in the historic town of Shipston-on-Stour, perched on the northern edge of the beautiful Cotswolds, this development is only about 30 miles from Cheltenham and 28 miles from Coventry, yet is surrounded by rolling countryside.
by: Keith Osborne
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