June 13, 2024

Get on to the ladder in Warwick with a £4,725 deposit

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As an ever-growing number of buyers swap city life for rural living, house prices across Warwickshire have skyrocketed. From 2020 to 2021, property values grew by 11.4% across the West Midlands region, as a record number of buyers were drawn to the county’s enviable mix of countryside and bustling cities and towns.

Providing a more accessible route on to the property ladder in Warwickshire, on Saturday 19th March L&Q is launching a collection of eight two and three-bedroom Shared Ownership properties at Beauchamp Park.

Set across a 20.9-hectare site, Beauchamp Park is a major new residential neighbourhood at Gallows Hill in Warwick, which will deliver 450 homes, new public open space, footpaths and cycleways, and children’s play areas.

Available in four different layouts, the new launch of homes includes an apartment, terraced and semi-detached homes, offering a range of young professionals and families the chance to get on to the property ladder in this exciting new community.

All properties are available through Shared Ownership – a government-backed scheme in which purchasers part-buy, part-rent their home. The initial purchased share is typically between 25% – 75% of the property, paying rent on the remaining portion. Buyers only require a deposit and mortgage for the share of the home they are purchasing, meaning one of L&Q’s new homes at Beauchamp Park can be secured with a deposit of just £4,725.

Claire Brenlund, Sales Director at L&Q comments: “We’re proud to be delivering one of Warwickshire’s most exciting new developments at Beauchamp Park, providing hundreds of opportunities to get on to the property ladder in this affluent area. Beauchamp Park is designed as a neighbourhood for everyone, reflected in the variety of properties we are building, and the buying schemes purchasers can opt for.”

Homes feature top-of-the-range specification included in the cost, with white goods, and turfed gardens with sheds, all as standard. Kitchens have contemporary layouts with high-grade flooring and well-crafted cabinetry, whilst bathrooms are fitted with contemporary sanitaryware, heated towel rails and chrome fixtures and fittings.

Providing views of Warwick Castle from Gallows Hill, residents can enjoy living in a semi-rural location in the heart of the English countryside, whilst benefitting from quick and easy access to the wide range of amenities in Warwick. There is a wide selection of parks and open spaces nearby, including the canal 1.8 miles away, providing a picturesque waterway to stroll along. Rich in culture, Warwick’s famed castle draws visitors from across the world, whilst a long list of annual festivals include beer, food, music and literature. Combined with a wide range of restaurants, bars and shops, residents have everything they could need on the doorstep.

Schooling options include Heathcote Primary School and Kings High School, both under a 20 minute walk from the development.

Warwick Station is less than a mile away and operates direct services into Birmingham Moor Street in 30 minutes, and London Marylebone in 90 minutes. Road travel is also made easy with the M40 less than five minutes away,

Prices for L&Q’s new Shared Ownership homes at Beauchamp Park start from £94,500 for a 35% share of a two bedroom home (full market value £270,00) and £124,250 for a 35% share of a three bedroom home (full market value £355,000).

Find out more at: lqhomes.com

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