New homes released for sale at Royal Park as phase three gets underway
Work is progressing at the Royal Park development in Nuneaton, where the first homes in phase three are now available to buy.
Bellway has released five new homes – a mix of two and three-bedroom houses – onto the market, with more set to follow in the next two months.
The national housebuilder is delivering a total of 451 new homes at Royal Park, off The Long Shoot, including 75 in the latest phase.
Marie Richards, Sales Director for Bellway West Midlands, said: “Around 80 per cent of the homes at Royal Park have now been built and all of the properties that have been completed are already occupied, demonstrating just how popular this development has been.
“The first selection of homes in phase three will be ready for buyers to move into this October and we anticipate that construction work at the development will be completed before the end of summer next year.
“The development benefits from excellent transport links, with easy access to the A5, M6 and M69. We therefore expect the latest release of homes will be snapped up quickly by buyers seeking a new home within easy commuting distance of Coventry, Leicester and Birmingham.”
Bellway has been delivering new homes at Royal Park for six years. Almost 100 properties at the development have been purchased with the Help to Buy Scheme.
Help to Buy enables purchasers to secure a new-build home with just a five per cent deposit and 75 per cent mortgage. The remaining 20 per cent is provided as a Government-backed equity loan, which is interest free for the first five years of homeownership.
The scheme is now only available to first-time buyers and on homes which don’t exceed the regional price cap, which is £255,600 in the West Midlands.
Marie said: “As with the previous phases at Royal Park, some of the newly released homes are within the Help to Buy property price cap and will be available to purchase with the scheme.
“We are looking forward to welcoming more new residents to Royal Park soon. Situated just over two miles from Nuneaton town centre, the development has become a thriving community due to its convenient location and close proximity to shops, parks and schools.”
Prices for the phase three homes at Royal Park start at £227,500 for The Almond, a two-bedroom semi-detached home.
The Cherry, a three-bedroom semi-detached house, is priced from £258,500.
The Chorley, a three-bedroom semi-detached home, starts at £292,995.
For more information about Royal Park, call 02476 481857 or visit bellway.co.uk.