First-time buyers are rushing to find out more about the homes at a new-build location in Tavistock, which is providing a boost to the town’s house hunters and local economy.
Bovis Homes' Poplar house type
Enquiries from young couples and individuals for two-bedroom houses at Bovis Homes’ the Tors location, off Callington Road, have risen in recent weeks, ahead of the launch of a new phase.
The development is a hive of activity, with contractors from all over the region helping to deliver the homes, and focusing particularly on the 12 two, three and four-bedroom properties that will be released next week, adding to the houses launched in June.
The Government-backed Help to Buy – Equity Loan scheme is proving particularly popular in helping many of the first-timers to get on the property ladder.
Pete Castley, area sales director at Bovis Homes, said: “The Tors is proving extremely popular with first-time buyers, particularly those looking to use the Help to Buy initiative.
“We’ve had a steady flow of interest from buyers since we launched in June and are now seeing a real surge in young first-timers, which is wonderful for the future of Tavistock. These young people and families will be the lifeblood of the town going forward.”
Purchasers have been visiting the Bovis Homes team at the location’s sales centre, on Brook Street, to register their interest.
Properties include the Buckthorn, which is a two-bedroom coach house with a large open-plan sitting/dining area and a modern, well-equipped kitchen. The unique property has its own driveway and an integrated garage.
Also available is the three-bedroom Poplar, set over three storeys and designed for flexible living. The ground-floor kitchen/dining area is ideal for entertaining and there is a separate first-floor sitting room. The stunning second-floor master bedroom, with an en suite, is the perfect place to retreat. There is a garage and a further parking space.
Using the Help to Buy – Equity Loan scheme, home buyers need just a five per cent cash deposit, with the Government providing an equity loan of up to 20 per cent of the value of the property being bought. Purchasers then need to secure just a 75 per cent mortgage, which could help them access lower lending rates.