Buying a brand new apartment in Barry could work out thousands of pounds a year cheaper than renting a similar property, a housing expert said today.
Victoria Williams, sales director at housebuilder Persimmon Homes East Wales, has encouraged people to take the plunge and step onto the property ladder rather than shelling out hundreds of pounds a month in rent.
Victoria said for as little as £265pcm, people could buy a stunning two-bedroom apartment at Persimmon’s South Haven development on Powell Duffryn Way.
“There are many, many people who feel trapped by renting and do not believe they could afford to get themselves onto the property ladder,” said Victoria.
“They might well be wrong in that assumption. We have attractive apartments available at South Haven from £119,995. Using Help to Buy – Wales, a deposit of only £6,000 is required, followed by monthly repayments of £265.
“Similar two-bedroom apartments in this area of Barry are around £550 to £650 a month.
“Crucially, not only are you saving at least £285 a month, you are also investing in the property and, at the end of the term of the mortgage, you will have something to show for the money put in.
“Home ownership need not be daunting. We’re here to change lives.”
The two-bedroom Llantwit-style properties have an open plan kitchen/living/dining room, and one bedroom has an ensuite.
The family bathroom has modern fixtures and fittings.
South Haven has been a hugely successful development for Persimmon Homes. As well as the selection of two-bedroom apartments, there is also one three-bedroom end terrace property available, priced at £214,995.
For more information, visit www.persimmonhomes.com or call 01446 722 340.