A new pathway home with Share to Buy
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2 bedroom house for sale

Available

Fairleigh Close, CV37 9YY

£105,000 · Shared Ownership New Build

Share percentage 35%, full price £300,000, £5,250 Min Deposit.

Available
2 bedrooms
1 Bathroom
Private Garden
Parking
Floor plan
floor-plan
Floor plan
floor-plan
£105,000 Shared Ownership New Build · Eligibility Eligibility

Share percentage 35%, full price £300,000, £5,250 Min Deposit.

Monthly Cost: £1,080
Rent £447, Service charge £48, Mortgage £585*

Calculated using a representative rate of 5.03%

Calculate estimated monthly costs

£
Eligibility

ELIGIBILITY

Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.

At Lockside Wharf you can buy a minimum 25% share of your home (the maximum you can buy initially is 75%). When you’re ready, you can buy more shares until you staircase to owning 100% of your home.

To be eligible for shared ownership you would need to meet the following criteria:

• Your annual household income does not exceed £80,000
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.

Please note the minimum share you can purchase can vary depending on your financial situation and you may be asked to purchase a larger share, should your personal circumstances permit.

*Service charges are estimated and may subject to change.

**These photos are for information purposes only and may not represent a true likeness for the units being sold. They may have been taken from earlier phases or similar developments/house types and digitally furnished to represent how the home could be laid out; the final colours/appearance/specification may differ from the images and are not plot specific. We advise applicants to make their own investigations on future development in the area. We would suggest contacting the local authority for more information.

^*** The advertised offer is only available on selected plots reserved by 15th September 2024.
Exchange of contracts must occur before the agreed exchange deadline as stated in the memorandum of sale, with latest completions by 31st December 2024.
Not to be used in conjunction with any other offer.
A contribution of £1,000 towards your legal fees & £2,000 Love2Shop Voucher.
Sage Homes’ legal fees contribution is deducted from the total cost payable to Sage at the time of completion.
Voucher will be prepared to send once completion takes place.
Sage Housing Ltd reserve the right to withdraw or alter the terms of this offer at any time prior to payment of a reservation fee.
Please speak to a member of our Sales Team for more details ***^

Leaders Romans Group are selling the homes on behalf of Sage Homes. Sage Homes is a Registered Provider committed to providing high quality affordable homes across England. For more information on Sage Homes visit www.sagehomes.co.uk

Please note the minimum share you can purchase can vary depending on your financial situation and you may be asked to purchase a larger share, should your personal circumstances permit.

*Service charges are estimated and may subject to change.

**These photos are for information purposes only and may not represent a true likeness for the units being sold. They may have been taken from earlier phases or similar developments/house types and digitally furnished to represent how the home could be laid out; the final colours/appearance/specification may differ from the images and are not plot specific. We advise applicants to make their own investigations on future development in the area. We would suggest contacting the local authority for more information.

Leaders Romans Group are selling the homes on behalf of Sage Homes. Sage Homes is a Registered Provider committed to providing high quality affordable homes across England. For more information on Sage Homes visit www.sagehomes.co.uk

Summary

This brand new home is available to buy from as little as £105,000 with a 35% share!

Description

^*** Summer Offer Now On! £1,000 Towards Legal Fees & a £2,000 Love2Shop Voucher!
Offer applies to selected plots. Please see full T&Cs at the bottom of the page for more information. ***^

This brand new home is available to buy from as little as £75,000 with a 25% share!

Situated in a semi-rural location in the hamlet of Bishopton, Stratford-upon-Avon, Lockside Wharf is a brand new development, located just over 2 miles from the historic market town of Stratford-upon-Avon, a town synonymous with William Shakespeare. The town centre offers a thriving community with a variety of bars, restaurants and theatre and beautiful walks along the River Avon and Stratford Canal.

At Lockside Wharf there is a large amount of open space with paths linking through, featuring a trim trail and natural play area. There is a Community Orchard, areas of woodland and wildflower planting, creating a wildlife friendly landscaped setting. A bus stop will provide access to Stratford town centre. The Stratford Canal lies just to the north.

This brand new end of terrace home features an open plan lounge/diner, separate kitchen, ground floor cloakroom, two bedrooms, bathroom, parking and a garden.

PRICING & AFFORDABILITY

Approximate Size 807 sq ft

Full Market Value: £300,000

25% Share Price: £75,000 (rent £515.63pcm)
50% Share Price: £150,000 (rent £343.75pcm)
75% Share Price: £225,000 (rent £171.88pcm)

Minimum 5% Mortgage Deposit (25% share): £3,250
Approximate Service Charges: £48.45 pcm*
Shared Ownership Lease: 125 years
Council Tax Band: TBC

Key Features

Brand new Shared Ownership home

Open plan lounge/diner

Parking

Garden

Easy access to Stratford & Stratford Parkway train stations

Ground floor cloakroom

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
Floor Plan
Map
Stratford-Upon-Avon Station (0.29 miles) Stratford-Upon-Avon Parkway (0.94 miles) Wilmcote (2.43 miles)
Material Information

Total rooms:

Furnished: Enquire with provider

Washing Machine: Enquire with provider

Dishwasher: Enquire with provider

Fridge/Freezer: Enquire with provider

Parking: Yes

Outside Space/Garden: n/a - Private Garden

Year property was built: Enquire with provider

Unit size: Enquire with provider

Accessible measures: Enquire with provider

Heating: Enquire with provider

Sewerage: Enquire with provider

Water: Enquire with provider

Electricity: Enquire with provider

Broadband: Enquire with provider

Monthly Cost Calculator

The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.

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  • 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.

£105,000
Shared Ownership New Build
Estimated Monthly Cost:£1,080
Rent £447
Service Charge £48
Mortgage £585

Share percentage 35%, full price £300,000, £5,250 Min Deposit. Calculated using a representative rate of 5.03%


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Disclaimer
The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.