There’s a superb opportunity now on offer to secure a beautiful home in a unique historic setting at Taylor Wimpey’s Arena Place development in Colchester, Essex, where a stunning collection of sympathetically restored properties is complemented by a variety of striking newbuild designs
There’s been a very successful response to the recent launch of one, two and three bedroom newbuild apartments in Albarn Court, which are selling fast, and prospective purchasers are advised to get in now to ensure they don’t miss out.
What’s more, these beautiful new homes are available with Help to Buy, which allows eligible first time buyers, as well as those with a property to sell, to access a government loan for up to 20% of the property’s full price – so they only need a 75% loan-to-value mortgage and a deposit as low as 5%.
This means the lucky purchaser of the one bedroom apartment at Plot 94, priced at £144,995, can secure their new home with a £108,746 mortgage and a £7,250 deposit.
Michael O’Leary, Regional Sales and Marketing Director for Taylor Wimpey, said, “Help to Buy is making it even more affordable for first time buyers to own a home at Arena Place. With a 75% loan-to-value mortgage, purchasers can take advantage of a wider range of more competitive mortgage deals, which can often mean that they end up paying less than they were in rent. With only a low 5% deposit required, they can move now, rather than having to spend years saving for a larger down payment.
“We’re already experiencing a great deal of interest in these stunning new apartments, so I’d advise anyone hoping to make one their home to act now – before someone else beats them to it!”
One bedroom apartments at Albarn Court are priced from £144,995, while two bedroom apartments start from £179,995.
Each property features a spacious open-plan kitchen/dining/living room and comes complete with a high specification, including a fully-fitted kitchen, with integrated appliances, and designated allocated parking outside. Selected designs also boast an attractive private terrace.
Help to Buy is available on all the properties at the development, up to the value of £600,000, and there’s no salary cap for purchasers taking advantage of the scheme.
Taylor Wimpey has sensitively renovated a series of historic military buildings within Arena Place – the site of the former Administrative Headquarters Complex for Colchester Garrison Artillery Barracks – maintaining and enhancing their original architectural features and turning them into stunning new homes. The developer has also incorporated historic features within its own designs for associated newbuild properties at Arena Place.
Colchester offers a wide variety of amenities for everyday living, including a range of supermarkets and convenience stores, a selection of pubs and restaurants, plus an array of high street shops and cafés in the nearby Lion Walk Shopping Centre.
For leisure opportunities, the town boasts several museums, including Colchester Castle, which is home to the biggest keep built in the UK and provides opportunities for picturesque walks around the grounds. Arena Leisure Centre is also nearby to the development, while Colchester Zoo is just over three miles away.
For commuters, Colchester Town railway station is just a short walk from Arena Place, and provides regular direct services to Colchester, London Liverpool Street and Walton-on-the-Naze. For road links, the nearby A12 provides routes northeast for Ipswich and southwest for Chelmsford and Romford.
To find out more about securing a new apartment in Albarn Court at Arena Place with Help to Buy, prospective purchasers can visit the Sales and Marketing Suite, located off Napier Road, Colchester, Essex CO2 7GA, which is open Thursday to Monday from 10am until 5.30pm. Alternatively, the sales executive can be contacted on 01206 581096.
Further information about Taylor Wimpey developments across the region is available by calling 01277 280544, or by visiting taylorwimpey.co.uk