Never a better time to buy at Duke's Rise


With economists reporting interest rates may not rise from their record lows until 2016, award winning housebuilder Bloor Homes is encouraging potential purchasers in Shepton Mallet to take advantage of current low mortgage rates to either secure their first home or take that next step up the property ladder.

Indeed, the average cost of a two-year fixed-rate deal with a 25 per cent deposit sank 0.22 percentage points to just 2.24 per cent in October – the lowest rate ever recorded by the Bank of England. 

Michele Rose, Sales Director for Bloor Home South West, explains: “With interest and mortgage rates at an all-time low, and predictions suggesting that they will remain at such levels for the foreseeable future, there really has never been a better time to buy. 

“What’s more, with the lack of new build homes in Shepton Mallet and surrounding areas, Duke’s Rise really does offer a more affordable and low maintenance route to home ownership. We are therefore encouraging anyone interested in making the move to pay a visit to our Duke’s Rise development now, where a fantastic range of two, three and four bedroom homes are available.”

Designs to delight
Homes currently for sale at Duke’s Rise range from the well designed two bedroom detached ‘Radleigh’ coach house to the flexible three bedroom detached ‘Arden’ design, and spacious four bedroom detached ‘Somerby’ home. 

Available from £149,950, purchasers could snap up the ‘Radleigh’ home for as little as £409.77 a month, whilst the ‘Arden’ design, which starts at £239,950 could become a reality for only £653.57 a month and the ‘Somerby’ home, available from £249,950 could be yours for just £680.66 a month**.

What’s more, as an added benefit of purchasing a new build design from Bloor Homes, all designs feature the latest energy efficient boilers for heating and hot water, excellent wall and loft insulation to reduce heat loss and double glazed windows and doors, which the award winning housebuilder says could save up to 40% on heating costs***. The housebuilder is also offering a discount of £10,000 for anyone reserving a ‘Somerby’ house design during December. 

Michele concludes: “We have already seen a real surge of interest so we would urge anyone interested in the homes at Duke’s Rise to come and have a look around soon to avoid disappointment.” 

A location to love
Duke’s Rise is ideally located within the attractive market town of Shepton Mallet, which offers a fantastic mix of shops, restaurants and cafes, as well as an abundance of cycle lanes connecting the numerous surrounding village greens. The development is also within easy reach of the M4 and M5 motorway networks making it perfectly placed for commuters.  

For more information on the homes and incentives available, please visit the marketing suite for Duke’s Rise, located on Cannard’s Grave Road, Shepton Mallet, BA4 4FE (open daily from 10.00am to 5.00pm). Alternatively contact the sales advisor on 01749 345651 or email dukesrise@bloorhomes.com.