Rowden Court selling fast

Rowden Court selling fast

New homes being created at Rowden Court, off Coppice Close on the western edge of Chippenham by Redcliffe are selling fast, with five properties sold in just a few weeks.
 
The exclusive development of 31 homes, ranging in size from one to four bedrooms, has been attracting a wide variety of buyers from those looking for their first home to those looking to downsize in their retirement.
 
Several purchasers have taken advantage of the Redcliffe Homes Early Bird scheme, which allows those who really want to buy a particular home to make sure they don’t miss out by reserving it with a fully refundable deposit of £1,000.
 
The Government’s Help To Buy scheme is also sparking interest in the development and can enable a purchaser to move in with a deposit of just £5,200.
 
Redcliffe Homes sales and marketing manager Lorraine Kendrick said: “The interest in Rowden Court shows that there is a real need for quality new homes like these in Chippenham. The range of designs means that there is no one type of person that these suit.
 
“All have been designed to maximise energy efficiency and all have a stylish range of kitchen and bathroom facilities. Our Early Bird scheme does enable people to ensure they do not miss out on a particular plot and Help to Buy makes it affordable.
 
“Under the Help To Buy scheme the Government will lend up to 20 per cent through an equity loan on properties worth up to £600,000 so all of Rowden Court qualifies. The purchaser has to place a 5 per cent deposit and fund the remaining cost of the property with a mortgage giving them 100% ownership of their home.”
 
There is also evidence of the Buy To Let market returning in Chippenham as several of the buyers have said they are purchasing as an investment with the intention of renting the homes.
 
Said Lorraine Kendrick: “Before the recession many people invested in new homes as they could get good returns on their investment. We have not seen so much of that in recent years as the yields from renting properties have not been so good.
 
“To have two of the first five homes sold at Chippenham snapped up by investors shows there is some confidence returning to the market. New homes have always had a particular appeal to investors as repairs are low and they come with guarantees, so you do not get the maintenance and repairs issues that you get with second hand investment property.”
 
Details of Rowden Court can be obtained through agents Allen and Harris on 01249 655255
 

Posted by Thyme Morris