A successful housing development in Rugby has seen nine of its homes sold in the first two months since the scheme was launched. People seeking an affordable home in the town are invited to attend the Orbit Homes Open Day at the Butterfields development before the remaining houses are also snapped up.
Taking place on Saturday 10 July from 10am to 3pm, staff from Orbit Homes and an Independent Financial Advisor will be on hand at the Butterfields showhome to demonstrate the properties and discuss the home ownership process with visitors. This beautifully decorated showhome is also open every Saturday and Sunday from 10am to 3pm.
Located off Bilton Road, just eleven of the original 21 properties are still available and they are all offered for sale under the New Build HomeBuy scheme which enables buyers to part-buy part-rent their home. Using the scheme, a minimum 25 per cent share on one of the 2-bedroom homes costs from £31,237.50 (subject to affordability).
Most purchasers will need to raise a mortgage to purchase their share and then pay a subsidised rent on the remaining share. They can also ‘staircase’ - purchasing additional shares in the future, if they wish, until they own the property outright, just as they would if buying with a conventional mortgage. Orbit Homes estimate that you would need a household income from around £15,400 for the two-bedroom properties to be affordable.
The fully carpeted 2-bedroom houses include a fitted kitchen with oven, hob and canopy as well as gas central heating, PVCu double glazed windows, allocated parking and a turfed rear garden with shed and water butt.
The homes also benefit from their convenient location. The local area is well served by a supermarket and other small businesses, with excellent transport links to Rugby town centre and railway station. The motorway network is also within easy reach for travel throughout Warwickshire and beyond.
If you want to discover more about these houses and to find out if you are eligible to apply, you can call Orbit Homes on 02476 43 7040.
