For the majority of first time buyers, taking the first step
onto the property ladder can be a confusing process, with the
dilemma of deciding whether to buy a home or rent. Another key
factor in the decision-making process is location with buyers
looking for an area that can offer city feel with rural appeal
nearby.
Areas such as Sutton Coldfield are deemed highly desirable but
with the average price for a property sitting at £308,233*
those searching for their first home find the lifestyle they are
longing for comes with a hefty price tag.
Up and coming metropolitan communities such as Erdington, are
growing in popularity as first time buyers find it offers a good
compromise to city centre living. With two bedroom properties, from
Miller Homes Northcote development on George Road, available from
£149,950 or, with HomeBuy Direct, from just £104,965 -
it is able to offer young buyers a new home well within their price
range.
Linda Androlia, regional sales director for Miller Homes West
Midlands, said: "With good links to the Midlands motorway network,
many First Time Buyers are looking to Erdington to provide the
suburban base that they need. Northcote has seen a surge of
enquiries from those interested in the new neighbourhood that's
just a five mile commute from Birmingham city centre."
The Northcote development also has properties available that can
be purchased via HomeBuy Direct, further adding to its appeal.
Under the initiative, buyers have the chance to purchase 100
percent of their home by paying just 70 percent of the value, with
both Miller Homes and the Government equally funding the remaining
30 percent.
The 30 percent equity loan only becomes repayable after 25 years
or when the customer sells their home, whichever comes first. One
of the big bonuses of the scheme is that there is no interest
payable for the first five years, and as the initiative is
government backed, buyers can feel secure in their investment.
Linda adds: "With the homes at the development available for
occupation in August, we strongly encourage all prospective buyers
to visit the development in Erdington and see the site plans of the
homes that are on offer."
And, anyone visiting the Northcote development will also have
the chance enter Miller Homes' birthday bonanza, which runs until
22 May. There are eight holidays up for grabs in the spring
competition with the West Midlands region guaranteed one of the
holidays - which means someone could be swapping the Midlands for
Malaga at some point this summer.