Deram Parke

Prior Deram Walk, Canley, COVENTRY, WEST MIDLANDS, CV4 8FT

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Homes selling fast! - Secure your new 2 bedroom apartment now from just £171,995!

Located on the edge of Coventry, Deram Parke offers a selection of contemporary 1 and 2 bedroom apartments and 2, 3, 4 and 5/6 bedroom houses. Situated close to Canley and Warwick University, and just a short drive or bus ride away from central Coventry, Deram Parke is the ideal location for first time buyers, downsizers, investors and families alike to call home.

Register your details and opt-in to join our mailing list to be kept up-to-date with our special offers and new releases.
Please be aware our Show Homes will only be available to view by appointment after 4pm.

Christmas opening hours

Monday 24th Dec to Wednesday 26th Dec: Closed

Thursday 27th Dec to Sunday 30th Dec: Open

Monday 31st Dec to Wednesday 2nd Jan: Closed

Thursday 3rd Jan: Open as usual

  • Choice of supermarkets within a 5-minute drive
  • Prior Deram Park next to the development
  • Plenty of leisure facilities within a 5-minute drive
  • Close to both Warwick and Coventry university
  • Close to the M42, M45 and Canley train station
  • 12-minute drive from Coventry City centre
Images include optional upgrades at additional cost

Why not come and visit? Our opening hours are... Monday 12.30pm to 5.30pm Thursday to Sunday 10.00am to 5.30pm

Events and offers

Help to Buy

Ask at our Sales Centre about Help to Buy. With Help to Buy you only need a 5% deposit and the scheme is available to first time buyers and existing home owners.

Terms & Conditions

1.1 This offer is only available on selected new build plots and Developments in England only (excluding London).  The maximum property value for Help to Buy is £600,000.

1.2 Help to buy is only available on capital and interest (or repayment) mortgages and on properties which are occupied by the individual or individuals taking out the mortgage.

1.3 Purchasers will be required to raise funding (including a mortgage and a deposit) of not less than 80% of the property purchase price (excluding any mortgage fees). The property will be subject to a first charge in favour of the mortgage company. Purchaser deposit must be a minimum of 5% after the equity loan has been applied.  Mortgage lender's criteria may affect any deposit percentage and whether it applies before or after the equity loan is deducted from the purchase price.

1.4 The HCA will provide an equity loan to eligible purchasers of not less than 10% and not more than 20% of the purchase price subject to the terms of the equity loan agreement. Based on the maximum purchase price of £600,000, the HCA will therefore provide an equity loan of up to £120,000.

1.5 The equity loan provided by the HCA will be secured by a second charge on the property behind the first charge referred to in paragraph 1.3.

1.6 The equity loan provided by the HCA will not incur any loan fees for the first 5 years. From the beginning of year 6, loan fees will be payable by the purchaser at an annual gross rate of 1.75% of the loan’s value, rising at the Retail Prices Index (published by the Office for National Statistics) plus 1% per year thereafter.  Fees don’t count towards paying back the equity loan.

1.7 The equity loan must be repaid within 25 years of legal completion of the purchase of the property whether the property is sold or not.

1.8 The equity loans will be repayable on the basis of the greater of the price of the property or its market value at the time of future sale or mortgage repayment as opposed to the original purchase price but disregarding additions or improvements made to the property by the purchaser with the consent of the HCA. This means that if the property increases or decreases in value, the purchaser will pay the HCA the same percentage of the new price of the property as the percentage the equity loan was of the original price.  This may result in the HCA being paid more or less than the original loan value.

1.9 If, on the sale of the property, the price of the property has fallen and there is insufficient money from the sale to repay the equity loans after the mortgage has been paid the purchaser will lose any deposit paid. The HCA will not however seek to recover the balance of their equity, not otherwise paid out of the proceeds of sale, from the purchaser.

1.10 The purchaser may repay the equity loan to the HCA at any time following legal completion. Repayment whether in full or by instalments will be based on the market value of the property at the time of the repayment(s) and the purchaser will have to arrange and pay for the valuation of the property at that time. The minimum instalment value is 10% of the total of the equity loans.

1.11 Detailed terms and conditions apply to the equity loan which will be made available to the purchaser via their legal advisors as part of the conveyancing process.

An example of how Help to Buy works is as follows:

Mortgage

£90,000

(75%)

Deposit

£6,000

(5% of purchase price)

Equity loan

£24,000

(20% provided by HCA)

Purchase price

£120,000

 


The equity loan provided by the HCA will not incur any loan fees for the first 5 years. From the beginning of year 6, loan fees will be payable by the purchaser at an annual gross rate of 1.75% of the loan’s value, rising at the Retail Prices Index (published by the Office for National Statistics) plus 1% per year thereafter. 

Open market value

£150,000

(a 25% uplift in value)

Mortgage repayment

£90,000

(assuming no repayment of capital)

Equity loan

£30,000

(20% of the open market value)

Remainder available to purchaser

£30,000

 

 

Barratt Homes General Terms & Conditions

Any promoted Barratt offer is subject to contract and status. Offers are on selected plots only and are subject to availability. The offers advertised cannot be used in conjunction with any other offer on the same plot unless expressly stated otherwise. Prices and details are correct at time of going to press. All images are typical of Barratt homes and are for illustrative purposes only. Please contact the development in which you are interested for further details.

Barratt reserve the right to withdraw or alter any of these offers at any time prior to the payment of a reservation fee. Contracts must be exchanged within 28 days of reservation of your property. Failure to do so may result in the loss of all or part of your reservation fee.

The current specific offers being advertised in relation to selected Barratt developments are also subject to the specific terms and conditions set out above (N.B. these offers may vary from time to time and you should refer to the development in which you are interested to discover which offers are available on specific plots and developments).

Barratt will not be liable for the refusal of a mortgage based on the borrower’s individual circumstances which leads to the loss of any reservation fee. Barratt will not be responsible for the failure of any deal due to any defects in your existing property which arise as a result of an inspection or survey, whether a part exchange deal has been agreed or not.
These terms and conditions do not affect your statutory rights.

Barratt Homes is trading names of BDW Trading Limited (Registered Number 03018173) which is a subsidiary of Barratt Developments PLC (Registered Number 00604574) both with registered offices at Barratt House, Cartwright Way, Forest Business Park, Bardon Hill, Coalville, Leicestershire, LE67 1UF.

If you require a mortgage, you are strongly advised to obtain advice from a regulated adviser. Barratt Homes recommends from a panel of new build mortgage advisers who have extensive knowledge of the new build mortgage market, though you may, of course, seek such advice from your own mortgage adviser.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

Home of the week - The Foxton Plot 237

Lounge/diner

Reserve this two bedroom ground floor apartment today with a deposit from just £8,600 using Help to Buy. 

Featuring a bright lounge/diner with bay-fronted window, a fully-fitted kitchen/breakfast and bathroom and an allocated parking space, this home is ideal for first time buyers and investors alike.

Click here to find out more

Site and location

Site plan
Local area map

About the area

A fantastic location

Deram Parke is perfectly located just a stone’s throw away from Coventry city centre with its abundance of high street and designer shops, cosy cafés, mouth-watering restaurants and vibrant nightlife.

Perfect for commuters and growing families alike, Deram Parke provides easy access to neighbouring cities, towns and villages and with a number of schooling options for children of all ages in the surrounding area of your new home you can finally make those long school runs a thing of the past.

Essentials on your doorstep

Residents at of Deram Park you can enjoy a wide range of facilities including;

  • A Tesco, Aldi and Sainsbury’s and a convenience store all within a short driving distance
  • The Village Hotel and Simply Gym are within a 5-minute drive and offer a range of classes, fully-equipped gyms, a sauna, a steam room and a swimming pool to keep fit
  • A doctors (Forrest Medical Centre), pharmacy (Monarch Pharmacy) and a dentist (Canley Dental Surgery) are all within walking distance of your new home
  • A choice of good nursery’s, schools, colleges and universities locally for children of all ages

Efficient, modern design

Deram Parke is situated next to Prior Deram Park, providing plenty of green open-space. The park features a children’s play area along with a multi-use games area. Deram Parke will also feature a pond and mature green trees to attract wildlife.  

We are committed to making our homes the most energy efficient they can be. High levels of insulation, double glazing, energy efficient central heating and modern construction methods all combine to save you hundreds of pounds in bills when compared to an older house.

Find out how Barratt Homes are delivering a sustainable future for housing.

Disclaimers

Please note that all images are for illustrative purposes only. Images include optional upgrades at additional cost. Please see our Image Disclaimer for further details.

Super fast broadband is available on selected plots only. Broadband speeds may vary, which may be affected by various factors including distance from the exchange, time of day and internal home wiring. Actual installation time will be dependent on the broadband provider.

Square footage is the total internal floor area of the home, measured from the internal face of blockwork, excluding the garage (if applicable) and any area with less than 1.5m clear headroom under sloping ceilings. The area taken by stairs is included in both floors that the flight serves.

Gross annual projected rental yield figures are based on the projected yields of at least two independent valuations supplied. Figures do not represent guaranteed rental return and are based on the property being continually rented.

'5 Star Housebuilder' awarded to Barratt Developments Plc Group brands.