Viewing appointments are now being arranged for the development at
Rędwald Court, off St Mark's Street, Peterborough - but many days
are already booked up and people are being asked to act quickly or
The brand new scheme comprises 15
high quality two-bedroomed flats which are only a short walk from
Peterborough city centre. The properties will be available from
To arrange a viewing appointment or
request an information pack, interested people can call Axiom's
customer services on 01733 347135. All viewings will be by
Richard Hall, Axiom's chief
executive, said: "Over recent years soaring house prices have made
it very difficult for a significant number of people to be able to
afford their own home.
"We are anticipating an extremely
high demand for these properties and it is looking as though these
flats will sell like hot cakes. There is a significant demand for
low-cost housing in Peterborough and I am delighted we can ensure
more people in the city have a place of their own.
"This scheme is a low cost home
purchase option specifically designed to help people who cannot
afford to buy their own home outright, enabling them to get on the
property ladder on a part own/part rent basis. We anticipate a high
demand for these attractive flats."
A rental element is payable on the
part of the property that is not purchased, together with a service
charge. Initially the flats will be sold at 50 per cent of their
market value - meaning they can be purchased for under £54,000.
Two members of Axiom staff, Helen
Shevlane and Olivia Underhill, have been busy creating a show flat
for prospective buyers.
Olivia said: "This type of scheme
gives young people and first time buyers an opportunity to buy their
own home. Property prices have spiralled in recent years and we
receive telephone calls every day from people who want to buy but
simply can't afford it.
"Rędwald Court offers a 'way-in' for
people by giving them the opportunity to buy a share of the property
in the first instance. We have had plenty of interest already and we
are anticipating high demand."
The development is named after
Rędwald, who was King of East Anglia in the seventh century. During
his reign East Anglia reached the height of its power and his empire
stretched across the whole region.
He is thought to be the most likely
candidate to be the principal of the Sutton Hoo ship burial in
Suffolk, although no bodily remains were ever retrieved from this