The house builder has now released a new phase of homes early to meet demand for Great Western Park.
The first homes to be released on the new phase include the two bedroom Beckford and Canford house types. Priced from just £194,995 they bring home ownership within reach for prospective first time buyers and young professionals.
Both homes feature a kitchen and open plan living/ dining area, which is complemented by French doors to the rear garden. The downstairs cloakroom and under stairs storage cupboard provide additional practical touches. Upstairs there are two double bedrooms, one of which benefits from built in storage space and a master bathroom. The Canford also has an ensuite shower room to the master bedroom.
Darren McCormack, regional sales and marketing director for Taylor Wimpey in Oxfordshire, said: "We have continued to experience high demand from first time buyers for our range of starter homes at Great Western Park, with house hunters keen to take advantage of schemes such as First Buy and NewBuy to secure an affordable mortgage deal."
First Buy works through a joint loan of 20 per cent from the Homes and Communities Agency (HCA) and Taylor Wimpey, which means that eligible purchasers only need put down a 5 per cent deposit and obtain a 75 per cent loan-to-value mortgage. The loan is repayable at the end of the 25 year mortgage term or when the property is sold. To be eligible, purchasers must be first time buyers and the total household earning should be less than £60,000.
NewBuy is accessible to all credit-worthy first time buyers and home movers across England, and is available on new build properties up to the value of £500,000. Through the Government-backed scheme purchasers can access 95 per cent mortgages and only need pay a minimum deposit of 5 per cent of the value of the property.
Other properties currently available at Great Western Park include two bedroom apartments priced from just £147,200 using the First Buy scheme; three bedroom properties priced at £247,000; and four bedroom homes starting from £285,000.
Located in the vibrant town of Didcot, Great Western Park offers a good selection of shops, restaurants and pubs right on your doorstep. There are also a variety of schools as well as Oxford University just 10 miles away.
The development is in a perfect location for commuters with the A34, M4 and M40 all within easy reach as are key commercial centres such as Oxford, Newbury, Swindon and Reading. While Didcot Parkway railway station has regular services to London Paddington, with a journey time of around 20minutes.
First Buy closed to new applications in April 2013. For the latest incentives, click here.
Some information contained herein may have changed since it was first published. SmartNewHomes strongly advises you to seek current legal and/or financial advise from a qualified professional.