Over 100 people have already registered with St. Modwen Homes to
be the first people to view the plans for Park View in Longbridge,
Birmingham.
Situated off the tree-lined Lickey Road, the development of 115
houses and apartments will launch in August from a stunning new
show home and marketing suite complex. A two and four bedroom show
home will be available to view, which will enable prospective
purchasers to experience the quality of the finished product.
Prices for the first release of homes are expected to range from
£114,955 for a two-bedroom apartment and from £154,995
for the houses, which include a selection of two, three and
four-bedroom designs.
Park View is the first housing development in the UK by St.
Modwen Homes and it is being delivered in partnership with the
Government's Homes and Communities Agency (HCA). The range of high
quality homes, which will set a new benchmark for the area in terms
of quality and design, are part of St. Modwen's £1 billion
regeneration of Longbridge.
Melanie King, sales manager for St. Modwen Homes comments:
"There is a lot of excitement and anticipation building in the
marketplace prior to the launch of Park View. St. Modwen Homes is
constructing high quality, beautiful family homes in a popular
residential area at realistic prices, so people don't want to miss
the boat to reserve their preferred plot. Construction work is well
under way now and the first homes will actually be ready for
occupation in September, which is only a month following the
launch.
"We are registering new prospective buyers each day and are
advising them to speak to a financial adviser to ascertain the
level of mortgage they can obtain, as this will speed up the
reservation process. There are also 10 houses available through the
HCA's HomeBuy Direct initiative, which we expect to be really
popular with buyers who may otherwise struggle to get a foot on the
property ladder."
The 10 houses available through HomeBuy Direct will see the
Government and St. Modwen Homes lend up to a total of 30 per cent
of the purchase price for eligible buyers with a household income
of less than £60,000. The deposit required to purchase a
HomeBuy Direct home is a minimum of five per cent, giving vying
first time buyers who may otherwise be unable to access the housing
ladder the chance to own their own property.
The HomeBuy Direct properties are priced from £110,250 for
a 70 per cent share in a 762 sq ft two-bedroom terrace house. A 928
sq ft three-bedroom terrace house is priced from £129,500 for
a 70 per cent share. Potential purchasers are encouraged to make
contact with the sales team as soon as possible, as demand is
likely to be extremely high for these limited numbered
properties.
All of the homes at Park View will feature contemporary fitted
kitchens including integrated appliances, along with luxurious bath
and shower rooms. 12 of the 115 properties at Park View are
two-bedroom apartments, which are housed in a two-storey
building.
Paul Spooner, executive director for the HCA Midlands said: "The
interest in Park View at Longbridge is fantastic and we are looking
forward to its launch in August. We are delighted that our
investment is enabling St. Modwen to deliver these high quality
affordable homes and in turn is supporting the regeneration and
growth of Longbridge."
St. Modwen has invested over £75 million at Longbridge
since acquiring the 468 acre site in 2003. 660 permanent new jobs
have already been created through the development of the Technology
Park and Cofton Centre, new infrastructure improvements are being
made, the £66 million state-of-the-art Bournville College
opens in September 2011 and work is scheduled to commence on the
construction of the new Longbridge town centre before the end of
the year, which will feature an 85,000 sq ft (50,000 sq ft net
sales area) Sainsbury's store.