KEY INFORMATION & ELIGIBILITY CRITERIA:

This property is one of the final homes available at Chapmans Yard under the Government’s First Homes Scheme, offering eligible buyers the opportunity to purchase at a 30% discount from full open market value (full value of the property is based upon £242,857). This discount is secured in perpetuity, ensuring the home remains affordable for future purchasers.

The scheme is specifically designed to support first-time buyers onto the property ladder, subject to the First Homes eligibility criteria.

A Qualifying purchaser is:

The First Homes eligibility criteria require the purchaser (or all purchasers if a joint purchase):

1: To be a first-time buyer, as defined by paragraph 6 of Schedule 6ZA of the Finance Act 2003.

2: To have a household annual income of no more than £80,000, and

3: Should have a mortgage or home purchase plan to fund a minimum of 50% of the discounted purchase price.

Subsequent sales must also be to a person or persons who meet the First Homes eligibility criteria.

Local Connection:

The initial local connection priority period for the First Homes at Chapmans Yard has now expired. As such, the banding has now expected to a national level, providing an opportunity for eligible first-time buyers from outside the local area to purchase, subject to meeting the applicable First Homes eligibility criteria.

Please speak with the Sales Advisor for all queries and questions regarding eligibility.

The Home:

Set within the completed Chapmans Yard development, this contemporary dual aspect two bedroom apartment has been thoughtfully designed for modern city living. The home offers a stylish open-plan layout, creating a bright and sociable living space, complemented by two Juliette balconies, contemporary interiors and a high-quality finish throughout.

With Chapmans Yard now build complete, the property is ready for occupation, offering an exciting opportunity for an eligible first-time buyer to secure one of the development’s final homes available through the First Homes Scheme.

The Development:

Savills is proud to present Chapmans Yard by Elevate Property Group, a completed residential development on Upper Gough Street in Birmingham’s established B1 postcode. The development offers a collection of one and two-bedroom apartments and two-bedroom duplex homes, arranged around carefully considered residents amenities and designed with modern urban living in mind.

Chapmans Yard combines contemporary city living with the convenience of a completed development ready for occupation. Attractive communal spaces, such as two courtyards, a spectacular roof terrace and residents lounge, complement the city-centre setting creating an appealing place to call home within one of Birmingham’s most established central locations.

The Location:

Situated on Upper Gough Street in Birmingham’s B1 postcode, Chapmans Yard is exceptionally well positioned for city-centre living. The Mailbox and The Cube are within walking distance, as is Birmingham New Street Station, providing excellent connectivity across the city and wider region.

With shopping, dining, leisure and transport connections all within easy reach, Chapmans Yard presents an excellent opportunity for first-time buyers looking to enjoy the convenience of Birmingham city-centre living while benefiting from the opportunity offered through the First Homes Scheme.

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