Think buying a home is beyond you? Think again!
15th July 2008
Open day to find out about affordable homes in
Knowle and Bishopsworth
Redland Housing Association has 41 homes available in south
Bristol on a part-buy, part-rent basis with New Build HomeBuy. And
the message is that first-time buyers shouldn’t be put off by the
‘credit crunch’.
A special open day at one of the developments
aims to show visitors how they can still purchase a home
affordably. The event at Henry House, Queens Road, Bishopsworth is
on Saturday 19th July from 10am to 3pm.
To help buyers even further, anyone who reserves a property at
Henry House on the day will receive free carpets.
New Build HomeBuy is a government-backed scheme that lets you
move in to a new home on a part-buy, part-rent basis. It’s simple –
you buy a percentage of your home (often 50%) and pay a subsidised
rent on the rest. As your circumstances change, you can buy further
shares until you own your whole home.
At Henry House, there are 12 two-bedroom flats available. These
properties are located on Queens Road in Bishopsworth, close to
shops and facilities including a junior school, supermarket and
pharmacy. It is near the A4 and A38 and a mile from Bedminster
railway station.
There are also 29 homes at Brunel Heights, off Connaught Road in
Knowle. They are spacious and built to a high standard, with some
enjoying excellent views over Bristol. There is a mix of
two-bedroom flats and houses, plus three-bedroom houses, including
a town house design laid out over three floors.
Priority will be given to applicants with a local connection to
Bristol and who are registered with the HomeBuy agent New Futures
and with Bristol City Council on their housing waiting list. Until
the end of July, anyone registering with New Futures will receive a
free memory stick.
Prices and monthly repayments are as follows:
- Two-bedroom flats at Henry House starting at £68,750 for a 50%
share, plus rent of £128.91 pcm.
At Brunel Heights:
- Two-bed flats starting at £57,500 for a 50% share, plus rent of
£71.88 pcm.
- Two-bed houses starting at £68,000 for a 50% share, plus rent
of £155.83 pcm.
- Three-bed houses starting at £76,500 for a 50% share, plus rent
of £175.31 pcm.
The homes will be managed by Redland Housing Association, a
member of Somer Housing Group, which is developing them. Funding
for the scheme was made possible by another Group member, Somer
Community Housing Trust, which will retain ownership of the
properties.
Louise Swain, Managing Director of Redland Housing Association,
said:
‘This is a difficult time for many buyers as
the “credit crunch” takes effect. We are pleased to be able to
offer people in Bristol the chance to own a more affordable home,
who might otherwise be forced out of the area by high house prices
that remain out of reach for many. Come along to our open day and
find out more about New Build HomeBuy and how it can help you or
your family get a foot on the property ladder.’
To find out more about New Build HomeBuy, call
Natalie Fowler on 01225 366307 or email sales@somer.org.uk.