Walton Homes is making it even easier for first time buyers and those looking to climb up the property ladder to live at Hemlingford Mill, by introducing its hugely successful Lion's Share initiative.

Hemlingford Mill comprises the conversion of an 11th Century former flour mill, together with a sympathetically designed new build element. The luxury development, which looks over Kingsbury Water Park and the River Tame, is situated off Coventry Road at the entrance to the village of Kingsbury. 

The Lion's Share incentive scheme enables the newly completed two bedroom Kenilworth apartment to be purchased at just £121,875, representing only 75 per cent of the £162,500 list price.

Through Walton Homes' Lion's Share initiative, buyers will only need to pay 75 per cent of the value through a deposit and a conventional mortgage. Walton Homes will pay the remaining 25 per cent share, with the only requirement being that when the property is eventually sold on, or after 10 years - whichever is sooner - the 25 per cent share is paid back to the developer as a proportion of the property's current market value.

Helen Rollason, new homes sales coordinator at Walton Homes said: "There is a good range of very competitive mortgage products available at Hemlingford Mill and we can process a sale in as little as four weeks! What's more, the Lion's Share scheme is available to all, as there is no strict criteria to meet."

Hemlingford Mill is unique by virtue of the location, product and lifestyle that is offered to potential purchasers. The luxury apartments and two and three bedroom houses are set within fully landscaped grounds, which include an ornamental pond.

Two show homes are available to view five days a week, from Thursday - Monday. One show home is in the converted mill and the other is in the newly constructed building - illustrating to purchasers the different style of the product on offer.

All 26 new homes benefit not only from direct pedestrian access to the popular Kingsbury Water Park, but a number of apartments also have spectacular views. Several apartments are already occupied and the new residents have proclaimed the development as providing picture postcard views in all seasons.  

Helen Rollason continued: "Enabling buyers to enjoy mortgage payments that are 25 per cent cheaper for the first 10 years is a real bonus in these challenging times and the money saved could be put towards decorating, furniture, a new car, or even put into a savings account for a rainy day. Hemlingford Mill is a unique development in a truly stunning setting and with two bedroom apartments now available from as little as £121,875, these beautiful new homes are now within the reach of many more aspiring buyers living within the local area." 

The historic three-storey Hemlingford Mill building dates back to the 1086 Doomsday survey and it was originally used to grind the flour for the local market. Since then, its biggest claim to fame is that it was given to Lady Godiva as a gift from her husband, after her notorious horseback ride through Coventry. The mill was then seized by William the Conqueror and it eventually formed part of an arms factory for the Napoleonic and First World Wars.