Help for first-time buyers as price of new 4-bedroom home near Blackpool is slashed

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First-time buyers can get assistance to purchase a new four-bedroom seaside home after a Blackpool developer cut its price.

Persimmon Homes has reduced the price of its four-bedroom, detached Roseberry-style family homes at its Coastal Dunes development in Lytham.

The development, adjacent to St Anne’s Beach, is described as a “much sought-after location enjoying outstanding scenery looking out across the Ribble Estuary”.

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The development features two, three, four, and five-bedroom homes, although the five-bedroom homes have sold out and there is a waiting list for the forthcoming two-bedroom properties.

A Persimmon spokeswoman said: “Persimmon has adjusted the prices of its four-bedroom Roseberry-style family homes to bring them below the new Help to Buy threshold, enabling first-time buyers to access the Government scheme and purchase one of their most popular house designs in a fantastic coastal location.”

“There is also a range of three bedroom homes at Coastal Dunes from as little as £167,000 – again, making them accessible to first-time buyers.”

The government’s Help to Buy scheme is designed to “make buying your own home more affordable, helping you buy a brand-new home sooner than you think”.

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Buyers only need a five per cent deposit, while the Government will lend up to 20 per cent of the value of the property with an equity loan that is interest-free for five years.

The entrance to Persimmon's Coastal Dunes development and its showhome in Lytham.The entrance to Persimmon's Coastal Dunes development and its showhome in Lytham.
The entrance to Persimmon's Coastal Dunes development and its showhome in Lytham.

Buyers then only need a mortgage for 75 per cent of the purchase price.

The scheme is available on new-build properties priced up to £224,400 in the North-West – with the Roseberry-style homes reduced to the cap.

Other remaining properties in phase two of the Coastal Dunes development include a four-bedroom, detached Kendal-style home, priced at £220,000; several three-bedroom, semi-detached, Rufford-style homes for £180,000; and two three-bedroom, mid-terrace Souter-style homes, priced at £167,000.

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The spokeswoman said: “Lytham is an extremely popular location, having been voted one of the top 10 places to live in the North West.

Properties in the new Coastal Dunes development.Properties in the new Coastal Dunes development.
Properties in the new Coastal Dunes development.

“Renowned internationally for exceptional golf courses, including one of the host courses for the British Open, the town’s beautiful coastal location and multitude of shopping facilities make it a fantastic place to live.”