Deram Parke

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

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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.

Christmas opening hours

Monday 23rd December – 12.30pm – 5.30pm

Tuesday 24th December – Closed

Wednesday 25th December – Closed

Thursday 26th December – Closed

Friday 27th December – 10.00am – 5.30pm

Saturday 28th December – 10.00am – 5.30pm

Sunday 29th December – 10.00am – 5.30pm

Monday 30th December – 12.30pm – 5.30pm

Tuesday 31st December – Closed

Wednesday 1st January – Closed

Thursday 2nd January – 10.00am – 5.30pm

  • 5 Star homebuilder for 10 years in a row
  • Just a 5% deposit using Help to Buy
  • Quality award winning homebuilder
  • Great choice of supermarkets within a 5-minute drive
  • Prior Deram Park is next to the development
  • Plenty of leisure facilities within a 5-minute drive
  • Close to both Warwick and Coventry universities
  • Close to all major road networks and Canley train station
  • Short 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

You only need a 5% deposit

Move with just a 5% deposit

With the Government-backed Help to Buy scheme, just a 5% deposit will secure your brand new home at Deram Parke. With your deposit and a 20% equity loan provided by the government, you may only need to obtain a 75% mortgage!

Find out more


Terms & Conditions

1.1 This offer is only available on selected new build plots and Developments in England only (excluding London). Under the current scheme until March 2021, the maximum property value for Help to Buy is £600,000.

1.2 Help to Buy is only available on 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 Homes England 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, Homes England will therefore provide an equity loan of up to £120,000.

1.5 The equity loan provided by Homes England 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 Homes England 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 loan 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 Homes England. This means that if the property increases or decreases in value, the purchaser will pay Homes England 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 Homes England 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 loan after the mortgage has been paid the purchaser will lose any deposit paid. Homes England 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 Homes England 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 Homes England)

Purchase price

£120,000



The equity loan provided by Homes England 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 invalue)

Mortgage repayment

£90,000

(assuming norepayment ofcapital)

Equity loan

£30,000

(20% of the openmarket value)

Remainder available to purchaser

£30,000

 

Home of the week | The Loughton 1 bed apartment | From £211,995

Coleford Hornsea Apartments

With no Stamp Duty to pay for first time buyers, reserve your new 1 bed apartment today and be mortgage free* for 12 months on:

Plot 212

Plot 218

*Terms & Conditions apply

*Terms and conditions apply. Maximum mortgage contribution worth £6,000

Site and location

Interactive site plan
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.

Public transport links offer easy commuting with Coventry station and Tile Hill station close by, as well as a bus route from the development to Leamington and Warwick.

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.

Following withdrawal or termination of any offer, we reserve the right to extend, reintroduce or amend any such offer as we see fit at any time.