3 bedroom house for sale
61 Payne Drive, B49 5EH
Share percentage 40%, full price £320,000, £12,800 Min Deposit.
Share percentage 40%, full price £320,000, £12,800 Min Deposit.
Monthly Cost: £1,110
Rent £440,
Service charge £24,
Mortgage £646*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
3 bedroom end of terrace house, allocated parking, turfed rear garden
Description
Stonewater is proud to present these two and three bedroom homes for shared ownership at Bloor Homes’ popular Alcester Park development.
Alcester Park is located on the north western edge of Alcester, close by to the smaller villages of King's Coughton and Arrow. Alcester itself is a market town of Roman origin at the junction of the River Alne and River Arrow in Warwickshire, approximately eight miles west of Stratford-upon-Avon, and eight miles south of Redditch on the Worcestershire border. The town is noted for its historic High Street, lined with well-preserved black-and-white timber frame Tudor houses.
Alcester is a thriving and popular place to work and live. The town boasts a good range of local shops and amenities including lots of places to eat and drink. Smaller to medium-sized businesses are well catered for by the Minerva Mill Innovation Centre which provides space for offices, workshops and start-up companies.
Surrounded by rolling countryside and picturesque villages, there is much to enjoy at weekends. A short distance from the town are two of Warwickshire's premier stately homes, Ragley Hall and Coughton Court. Both share a fascinating history, and are set in beautiful landscaped grounds including parkland and woodland.
Alcester Park has a variety of ‘Outstanding’ and ‘Good’ Ofsted rated schools all within a short distance. Local primary schools include St Nicholas C of E, rated ‘Outstanding’ by Ofsted and Great Alne, which is rated ‘Good’. Secondary schools in the area include Alcester Grammar and St Benedict’s Catholic High, both of which are rated ‘Outstanding’.
Alcester is ideally located close to the A46. From here it’s easy to travel to Evesham, Stratford-Upon-Avon and beyond. The M42, M40 and M5 are all between 20 and 30 minutes away.
The nearest train stations are at Stratford, with hourly trains to Birmingham (48 minutes); Evesham, on the main London-Worcester route (2 hours to London); and Redditch, with half-hourly trains to Birmingham (39 minutes).
Particulars
Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: New build - Council tax band to be determined
Property Downloads
Key Information Document BrochureMap
The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.
- Rent: This is charged on the share you do not own and is usually payable to a housing association (rent is not generally payable on shared equity schemes).
- Service Charge: Covers maintenance and repairs for communal areas within your development.
- Mortgage: Share to Buy use a database of mortgage rates to work out the rate likely to be available for the deposit amount shown, and then generate an estimated monthly plan on a 25 year capital repayment basis.
NB: This mortgage estimate is not confirmation that you can obtain a mortgage and you will need to satisfy the requirements of the relevant mortgage lender. This is not a guarantee that in practice you would be able to apply for such a rate, nor is this a recommendation that the rate used would be the best product for you.
Share percentage 40%, full price £320,000, £12,800 Min Deposit. Calculated using a representative rate of 4.59%