Home seekers in Coventry will have more homes to chose from thanks to Platform Home Ownership's affordable schemes at the upcoming development in Keresley, Coventry.

Just over three miles north of the city centre, the Springfield Brook development will provide 182 homes available to purchase through Shared Ownership or Rent to Buy, just off Bennetts Road, built by five-star developer Countryside Partnerships, with a mixture of home styles.

Shared Ownership allows prospective homeowners to purchase a share of their home and pay rent on the remaining amount, typically buying between 10% and 75% of the property's full market value depending on the model purchased with.*

This lowers the amount needed for a deposit, with most deposits on Shared Ownership schemes between 5% and 10% of the share and not the full amount.

Through the process of staircasing, those using Shared Ownership can gradually increase the amount of their home that they own.

Rent to Buy is a government scheme that allows individuals the chance to rent a home at a reduced rate while saving for a deposit over a period of up to five years.*

Prospective renters will typically pay 80% of market value, with the remaining 20% going towards a deposit for future purchase. The option to buy is available through Shared Ownership or outright purchase, offering flexibility to fit with a unique homeownership journey.

Situated close to the M6 motorway and within the ring road that services Coventry, Springfield Brook will offer families, commuters, downsizers and other home seekers the opportunity to secure a property of their own, with excellent transport links making Birmingham, Leicester, Warwick, Oxford and other larger settlements easily accessible.

Situated perfectly with Coventry in one direction and the peaceful West Midlands countryside in the other, the development provides the ideal mixture of rural and urban living.

Coventry itself is rich in amenities, with a number of thriving sports teams in football and ice hockey among others, as well as a number of independent stores, restaurants and places for family activities.

Alice Maddocks, Regional Sales Manager at Platform, said: “We're thrilled to be announcing these new homes, which will be in a superb location to service the needs of many types of home seeker.

“Coventry is a great place to live, with the town centre full of family activities, and the nearby rural areas perfect for those who like some outdoor adventure.

“We're looking forward to helping people on their journey towards homeownership at Springfield Brook and cannot wait to see people taking that step towards a fantastic home.”

As with all Platform Home Ownership properties, the homes will come with a 10-year new homes warranty, allocated off-street parking, double-glazed windows and central heating.

Moreover, each home will be equipped with a fully-integrated kitchen, stylish family bathroom and turfed rear garden.

For further details on Springfield Brook please visit www.platformhomeownership.com or call the team on 0333 200 7304.

*T&Cs apply.

ENDS

For press information, contact Ethan Henson on 0116 502 4047 / ethanh@unsworthsugden.co.uk and Hannah Elwell on 0116 247 1777 / hannah@unsworthsugden.co.uk.