Plot 203 - The Pear
- DISCOUNTED MARKET SALE HOME - SOLD AT 80% OF MARKET VALUE -
This home is offered as a Discounted Market Sale home at 20% less than the full market value. You buy 100% of the home, there’s no rent to pay, you own the home outright just like a normal purchase and the discount stays with the home for future buyers to benefit from.
Discounted Market Sale home purchasers must meet the following eligibility criteria:
Be first time buyers
Household income (including bonuses) must not exceed £80,000
Plan to live in the home as a main residence
Meet the ‘Local Connection’ criteria as defined in the Councils Housing Allocation Policy
The ‘Local Connection’ criteria means applications must meet at least one of the following criteria:
Lived in the Charnwood borough continuously for at least 2 years - This could include renting privately or living with family
Employed in the Charnwood borough - This should be permanent or long-term and normally at least 16 hours a week
Close family connection in Charnwood borough - This could include parents, adult children or siblings who have lived in the borough for at least 5 years
There are additional special circumstances and exemptions to these criteria, speak to a sales consultant for full details.
Full financial and eligibility qualification will be required prior to a reservation.
Discounted Market Sale homes FAQ
Q: How much will the home cost?
- Homes are sold at 80% of their market value
- Prices are independently checked and approved
- You’ll need a mortgage, just like any other purchase
There are no hidden catches – just a lower purchase price.
Q: What happens if I want to sell in the future?
To make sure these homes continue to help local buyers:
- The home must always be sold at 80% of market value
- This keeps the discount in place for future first time buyers
You still benefit if house prices rise – just at the discounted level.
Q: Can I rent the home out?
Discounted Market Sale homes at Broadnook are intended to be lived in. Therefore:
- The home must be your main home
- Sub letting is not allowed
This helps ensure the homes support people who really need them.
Q: Why choose a Discounted Home at Broadnook?
- Lower purchase price
- You get a brand new Bovis home
- Full ownership from day one
- Priority for local people
- A genuine step onto the property ladder
Speak to a Sales Consultant if you have any questions.
