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Diversity Grove

Perry Barr, Birmingham

2 Bedrooms

2 Bathrooms

Apartment

Price: £163,863
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Price: £163,863

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Property Details

Key features

  • First Homes Scheme
  • One & Two bedroom apartments
  • Sold on a 30% discounted market value
  • For first time buyers only
  • Minimum of 5% deposit required to purchase*
  • All appliances integrated
  • No parking applicable
  • Rooftop communal terrace area

Council Tax Band: Contact branch

Tenure: Leasehold

    Leasehold Information:

  • Number of years left on lease: 0 years
  • Annual service charge: Contact branch
  • Annual ground rent: Contact branch
  • Annual ground rent review period: Contact branch
  • Ground rent increase: Contact branch

Perry Barr Residential is an exclusive development which offers 49 apartments under the First Homes scheme. First time buyers have the opportunity to purchase 1 or 2 bedroom apartments, all finished to the highest specification.

The area has benefited from major investment and regeneration, which has brought a choice of new housing, a
world-class athletics Stadium with year-round community use, and significant infrastructure and public transport improvements, including a new railway station and bus interchange.

Perry Barr is now one of the city’s best-connected neighbourhoods with easy access to the city centre and all the facilities and entertainment it has to offer within easy reach. As a neighbourhood Perry Barr has lot to offer. Perry Barr Residential is just one mile from the Alexander Stadium, which hosted the Birmingham 2022 Commonwealth Games opening and closing ceremonies and, closer-by, there is a range of clubs and facilities, such as Doug Ellis leisure centre and Greyhound Stadium. For those who enjoy outdoor life,

Perry Barr has some of the best green spaces in the city with Perry Park and Perry Hall Park on its doorstep and connections to canal routes. As well as a range of high street stores, Perry Barr’s One Stop Shopping Centre has a wide ranging retail offer, including a major supermarket store.

About The Development
The apartments are situated on the 4th, 5th and 6th floors of the building, and along with the fantastic roof terrace, provide some excellent views over the surrounding area.

Each apartment has a good sized living area, designed to be light and spacious, with space for working, entertaining or simply relaxing at the end of the day. Each two bedroom apartment has an en-suite as well as a separate bathroom for visitors.

The development is set in landscaped gardens to provide a peaceful, private area in which to live. The gardens have courtyard areas to sit outside during the summer months, as well as a basketball court and a children's play area, so you know your children will be safe while outside enjoying themselves.

The parking area includes EV charging points, and for cyclists, there is a bike rack as well.

Specification:-
KITCHEN
• Symphony 'New York' contemporary handleless kitchen range
• 40mm laminate worktop
• 95mm laminate splash back
• Bosch stainless steel extractor hood
• Bosch ceramic hob
• Built-in electric single oven

WHITE GOODS
• Zanussi free-standing washer dryer
• Electrolux fully integrated dishwasher
• Electrolux in column 70/30 fridge freeze

BATHROOM
• Bathroom suite
• Chrome towel radiators
• Fully tiled bathrooms
• Shower over bath
• Mirror over WC
• Sink

GENERAL
• Karndean flooring
• Carpets in bedrooms and lounge/dining area
• Door stops

COMMUNAL AREAS
• Mailboxes
• External communal areas landscaped courtyard
• Basketball court and children's play area

EXTERNAL AREAS
• EV charging points
• Landscaped grounds

Kitchen
7' 2" x 9' 5" ( 2.18m x 2.87m )


Living / Dining
17' 4" x 10' 8" ( 5.28m x 3.25m )


Bedroom One
15' 2" x 9' 5" ( 4.62m x 2.87m )


En-Suite
6' 6" x 5' 2" ( 1.98m x 1.57m )


Bedroom Two
13' 5" x 9' 6" ( 4.09m x 2.90m )


Bathroom
7' 2" x 6' 6" ( 2.18m x 1.98m )


First Homes Information


What Is First Homes?
The scheme allows first time buyers to purchase new build homes at 30% less than the market price. The houses are all built to the same specification as other homes in the same development, which are not on the scheme, and you have the same ownership rights as other home owners.

There are price caps in place, and the cost of the house after the discount must be £250,000 or less in England, or £420,000 in London.

Eligibility:
Each Local Authority will decide who is eligible, and the criteria may differ, depending on where you live.

As a rough guide:
• You must be a first-time buyer
• There will be restrictions on how much you can earn. Currently, for England this must not be more than £80,000 per annum, and for London it is £90,000.
• You must be able to pay a deposit of 5%
• You will need a mortgage, and this must be for at least 50% of the value
• Priority is often given to those who live locally and to key workers
• You must use the home as your only place of residence for as long as you own it

More Information:
The discount will last forever. When you come to sell your home, it can be sold to another eligible first-time buyer, so they will receive the discount. You will not receive 100% of the market value.

Once you have your First Home, you can decorate and improve it as you wish, as long as you abide by local planning regulations. You cannot sub-let it, though you may be able to take in a lodger with the approval of the local authority and your mortgage company.

If you wish to purchase a New Home, the developer will help you find out if you meet the criteria and talk you through the process. You will need to apply to the Local Authority to receive your discount, but the developer or your mortgage company will be able to help you with this application.

The process does take a little while, and you will need to reserve your home while it goes through. You will be asked for a refundable fee to do this, but this has been set to a maximum of £500. If the Local Authority does not approve your application, this fee will be returned to you.

Due to the limitations on the maximum cost of your home, you will currently not have to pay Stamp Duty. This is calculated after the discount has been made.

Agents Notes:
Every care has been taken with the preparation of these property particulars but complete accuracy cannot be guaranteed. If there is any point which is of particular importance to you, please obtain professional confirmation. Alternatively, we will be pleased to check and confirm the information for you. The seller reserves the right to employ or use alternative or substitute materials in carrying out of the works and to vary the works in such a manner as it reasonably thinks fit or to deviate as the circumstances may require from the planning permission or building regulation approval (subject always to obtaining any further requisite approval from the local authority). Measurements have been taken from the architect's plans. Nothing concerning the type of construction, the condition of the structure or its surroundings is to be implied from computer generated images shown as these are indicative of how a mature site may appear. Styling details may be subject to variation during the course of construction. All properties are offered subject to being unsold. Development names are for marketing purposes only and may not be adopted by the local authority.

Please Note: Interior images are of the Show Unit and are for illustrative purposes only.

Perry Barr Residential is an exclusive development which offers 49 apartments under the First Homes scheme. First time buyers have the opportunity to purchase 1 or 2 bedroom apartments, all finished to the highest specification.

The area has benefited from major investment and regeneration, which has brought a choice of new housing, a
world-class athletics Stadium with year-round community use, and significant infrastructure and public transport improvements, including a new railway station and bus interchange.

Perry Barr is now one of the city’s best-connected neighbourhoods with easy access to the city centre and all the facilities and entertainment it has to offer within easy reach. As a neighbourhood Perry Barr has lot to offer. Perry Barr Residential is just one mile from the Alexander Stadium, which hosted the Birmingham 2022 Commonwealth Games opening and closing ceremonies and, closer-by, there is a range of clubs and facilities, such as Doug Ellis leisure centre and Greyhound Stadium. For those who enjoy outdoor life,

Perry Barr has some of the best green spaces in the city with Perry Park and Perry Hall Park on its doorstep and connections to canal routes. As well as a range of high street stores, Perry Barr’s One Stop Shopping Centre has a wide ranging retail offer, including a major supermarket store.

About The Development
The apartments are situated on the 4th, 5th and 6th floors of the building, and along with the fantastic roof terrace, provide some excellent views...

While every reasonable effort is made to ensure the accuracy of descriptions and content, we should make you aware of the following guidance or limitations.

(1) MONEY LAUNDERING REGULATIONS Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
(2) These particulars do not constitute part or all of an offer or contract.
(3) The measurements indicated are supplied for guidance only and as such must be considered incorrect.
(4) Potential buyers are advised to recheck the measurements before committing to any expense.
(5) Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
(6) Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

MORTGAGE CALCULATOR

Our handy mortgage calculator helps you to estimate what your monthly repayments could be. * Terms and conditions apply.

Please be aware, these results are for illustrative purposes only and should not be considered as a mortgage quote. These are based on a repayment mortgage and may vary depending on the term and interest rate of your mortgage. Lender fees may also be applicable.

If you would like guidance on the right mortgage for you, we recommend booking a mortgage appointment and speak to one of our mortgage consultants who will be more than happy to help.

** The 4.7% annual interest rate is based on the Connells Group average mortgage interest rate taken from the period of 01/01/2024 – 01/03/2024 and is correct as at 07/03/2024.

A LIFETIME FEE MAY BE PAYABLE UPON MORTGAGE APPLICATION AS WELL AS AN ADMINISTRATION FEE. THE TOTAL FEE PAYABLE WILL DEPEND ON YOUR CIRCUMSTANCES. YOUR MORTGAGE CONSULTANT WILL EXPLAIN ANY FEES APPLICABLE IN YOUR INITIAL APPOINTMENT.

YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. YOU MAY HAVE TO PAY AN EARLY REPAYMENT CHARGE TO YOUR EXISTING LENDER IF YOU REMORTGAGE.

ALL MORTGAGES ARE SUBJECT TO STATUS AND LENDER CRITERIA. MOST BUY TO LET MORTGAGES ARE NOT REGULATED.

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*PLEASE BE AWARE, THESE RESULTS ARE FOR ILLUSTRATIVE PURPOSES ONLY AND SHOULD NOT BE CONSIDERED AS A MORTGAGE QUOTE. THESE ARE BASED ON A REPAYMENT MORTGAGE AND MAY VARY DEPENDING ON THE TERM AND INTEREST RATE OF YOUR MORTGAGE. LENDER FEES MAY ALSO BE APPLICABLE. IF YOU WOULD LIKE GUIDANCE ON THE RIGHT MORTGAGE FOR YOU, WE RECOMMEND SPEAKING TO ONE OF OUR MORTGAGE CONSULTANTS WHO WILL BE MORE THAN HAPPY TO HELP. **THE 4.7% ANNUAL INTEREST RATE IS BASED ON THE CONNELLS GROUP AVERAGE MORTGAGE INTEREST RATE TAKEN FROM THE PERIOD OF 01/01/2024 – 01/03/2024 AND IS CORRECT AS AT 07/03/2024.

A LIFETIME FEE MAY BE PAYABLE UPON MORTGAGE APPLICATION AS WELL AS AN ADMINISTRATION FEE. THE TOTAL FEE PAYABLE WILL DEPEND ON YOUR CIRCUMSTANCES. YOUR MORTGAGE CONSULTANT WILL EXPLAIN ANY FEES APPLICABLE IN YOUR INITIAL APPOINTMENT.

YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. YOU MAY HAVE TO PAY AN EARLY REPAYMENT CHARGE TO YOUR EXISTING LENDER IF YOU RE-MORTGAGE.

 
 

ALL MORTGAGES ARE SUBJECT TO STATUS AND LENDER CRITERIA. MOST BUY TO LET MORTGAGES ARE NOT REGULATED.