Plot 221 - The Plum
- 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.
The Plum is a contemporary two bedroom maisonette designed to offer comfortable and flexible living. At the heart of the home is a spacious open plan kitchen and sitting room. Bedroom 1 offers a generous space while bedroom 2 provides a versatile space and can be used as a smaller bedroom, guest room or home study to suit your lifestyle needs. With its practical layout, The Plum is an ideal home for first time buyers, professionals or those looking to downsize.
