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OWN A STUNNING FOUR BEDROOM HOME IN RAVENSTONE FOR LESS THAN £200 A WEEK

Ownership of a beautiful St. Modwen Homes’ four bedroom house in the charming village of Ravenstone could cost as little as £214 a week when purchased through the Government’s Help to Buy scheme.

The award winning housebuilder is making home ownership more accessible by offering buyers the opportunity to purchase the three-storey, four bedroom ‘Duke’ home at its Woodlands Reach development on Ravenstone Road at a reduced rate under the Government’s equity loan scheme.

Normally £189,950, under Help to Buy the stunning Duke home can be purchased on a repayment mortgage for just 80% of the listed price (comprising a 75% mortgage and a 5% deposit), equating to £151,960. Based on these costs, the average monthly mortgage repayment could be as little as £856 per month, compared to £1084 under the full purchase price.

Bev Hall, Sales and Marketing Director at St. Modwen Homes said: “Under the scheme, purchasers only need a deposit of five per cent which could be as low as £9,500 to own their very own, high quality four bed property at Woodlands Reach. This is great news for young families and first time buyers looking to make their first step onto the property ladder.

“With 85 per cent of first time buyers using Help to Buy, it demonstrates how beneficial the scheme has been for home hunters.”

The housebuilder has opened the doors to one of the four bedroom Duke’s giving potential purchasers an opportunity to walk around the show home and get a feel for themselves of what it would be like to live at the development.

The Duke is one of eight house styles at Woodlands Reach, which range from two bedroom terraced houses to three and four bedroom detached and semi-detached homes. When complete, a total of 190 homes will be available at the development.

Set within the National Forest, the homes at Woodlands Reach have been designed to an eco-friendly specification, with many of the properties boasting photovoltaic (PV) panels to help improve the energy efficiency of the house. Typical of St. Modwen Homes, the new properties at Woodlands Reach boast higher than average ceilings alongside large windows, allowing natural light to flood through the homes, and come with high quality fixtures and fittings as standard.

For those wishing to commute to work from Woodlands Reach, there is easy access to both the M1 heading towards Nottingham and Leicester and the M42 towards Birmingham.

For more information about the Duke property at Woodlands Reach, visit the Duke show home which is open Thursday to Monday from 10am to 5.30pm inclusive of the weekends. For more information visit www.stmodwenhomes.co.uk or book an appointment by calling 0844 243 4555.