Orbit, which has built an enviable reputation over 50 years in housebuilding, prides itself on developing real communities and offering buyers a range of affordable ways to get on to the property ladder. Following in this tradition, they have just launched a desirable new development on the outskirts of Royal Leamington Spa
Union Park is a delightful, canal-side development, which offers first time and family buyers an excellent, value-for-money selection of two, three and four bedroom houses and one and two bedroom apartments, complete with high-end fittings and appliances.
Some properties are available for outright purchase from £216,995, with a Help to Buy: Equity Loan; whereby the Government lends buyers up to 20% of the cost of a newbuild home, so they only need a 5% cash deposit and a 75% mortgage to make up the rest – with no loan fees charged on the 20% loan for the first five years of ownership.
Shared ownership properties are also available to eligible buyers, from £92,000 for a 40% share of a two bedroom house. Shared ownership allows purchasers to buy shares of their new home and pay a government-subsidised rent on the remaining portion. They can later use a process called staircasing to purchase further shares of their home, up to 100% outright ownership.
Anthony Holt, Land & New Business Director at Orbit, said, “The buoyancy of Royal Leamington Spa’s housing market means there is a shortage of affordable housing in the area. Through Union Park, Orbit will offer canal-side living to local people, providing a range of quality homes to meet differing needs and aspirations.”
The new community is beautifully landscaped, with tree-lined avenues and open, green spaces, adjoining the historic Grand Union Canal. Because the development is nestled in a well-established and popular residential area, Union Park’s residents will benefit from a wide variety of local facilities. There is an excellent range of shops, a post office and a large supermarket, all within easy walking distance, and convenient public transport links to the thriving centres of Leamington Spa and Warwick.
Of vital importance to young families, Union Park is within the catchment area for several sought-after local schools, with St Anthony’s Catholic Primary School just a stone’s throw away, and a wide range of other primary, secondary and further educational facilities within a small radius of the development.
Sports lovers are well served by Union Park’s proximity to the rolling parkland golf course at Newbold Comyn and by easy access to open countryside for cycling and walking. The Grand Union Canal and River Leam both offer ample opportunities for ‘messing about in boats’, going fishing, or to simply kick back, relax and have a picnic by the water.
An easy five-minute bus ride from Union Park, the centre of historic Royal Leamington Spa offers an elegant array of Regency architecture, beautiful parks and gardens and an appealing mix of shops, with a wide range of independent retailers alongside favourite high-street brands. The town’s impressive variety of entertainment and leisure options includes a superb choice of restaurants serving worldwide cuisines, acclaimed theatres and museums, and, thanks to Royal Leamington Spa’s long heritage of therapeutic ‘taking of the waters’, some of the country’s finest treatment spas and salons.
Just three and a half miles from Union Park, the county town of Warwick, famous for its picturesque medieval charm, is set in the shadow of magnificent Warwick Castle and boasts a packed calendar of annual events.
Finally, Union Park is perfect for commuters, thanks to being ideally positioned for easy access to the M1 and M40 for fast links to Birmingham, London and the North, whilst Leamington Spa railway station is less than a mile away and is an easy walk from the development.
From Leamington Spa, frequent services to London Marylebone take as little as an hour and a quarter, while journeys from Warwick or Leamington Spa to Birmingham take less than half an hour at peak times.
For further information about shared ownership and outright sale at Union Park, please call 01926 889 503, or visit orbithomes.org.uk/developments/union-park