3 bedroom house for sale
3 Hedger Grove, Upper Lighthorne, CV33 8BB
Share percentage 50%, full price £320,000, £8,000 Min Deposit.
Share percentage 50%, full price £320,000, £8,000 Min Deposit.
Monthly Cost: £1,322
Rent £367,
Service charge £64,
Mortgage £891*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
- Your household income does not exceed £80,000 (outside of London) and £90,000 (inside of London)
- 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.
Summary
Brand new 3 bedroom house in the Heritage Grange development. The price advertised represents purchasing a 50% share of the home.
Description
Brand new 3 bedroom house in the Heritage Grange development. The price advertised represents purchasing a 50% share of the home.
About the Development
Nestled in the heart of the Warwickshire countryside, Heritage Grange is situated in the brand new community of Upper Lighthorne. The development provides a beautiful range of Shared Ownership homes in a stunning location surrounded by plenty of green open space with excellent access to transport connections.
The Royal Priors Shopping Centre is Leamington’s only indoor retail centre and is located under 20-minutes away by car. With spacious indoor boulevards and a mix of designer and high street brands, this impressive mall promises a satisfying retail experience, complete with quaint cafés and a family-friendly restaurant. Stunning architecture and award-winning parks provide a sophisticated backdrop to this Regency town.
About the Home
This brand new home has many key features including separate lounge, kitchen/diner, downstairs cloakroom, three bedrooms, family bathroom, parking and a rear garden.
About the Area
Nestled in the heart of the Warwickshire countryside, Heritage Grange is situated in the brand new community of Upper Lighthorne. The development provides a beautiful range of Shared Ownership homes in a stunning location surrounded by plenty of green open space with excellent access to transport connections. Royal Leamington Spa, Coventry, Banbury and Birmingham are all close at hand, allowing you to enjoy the very best of both town and country living.
Offering excellent transport connections throughout the area with convenient access to the motorway network. The M40 is less than two miles from the development and provides routes to Oxford, Birmingham, Banbury and London among other popular destinations. Coventry can also be reached in just under 30 minutes via the A46. Around a 15 minute drive from Valiant Fields is Leamington Spa train station which serves a number of major destinations including Birmingham, London and Manchester.
Shared Ownership
The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller upfront payment. With Shared Ownership, you buy a share of your home using a mortgage from a bank or building society and pay a subsidised rent on the share you did not purchase. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright. You can buy a minimum 50% 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.
T&Cs
*Please note images are for information purposes only and may not represent a true likeness for the units being sold. Some or all images have been digitally furnished to represent how the home could be laid out and the final colours/appearance may differ from the images.
*Service Charges will apply, speak to our Sales Agent for more information. Costs are subject to change.
Key Features
- Allocated parking
- Flooring throughout
- Separate living room
- Downstairs cloakroom
- Service charge applicable
- NHBC Warranty
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
Floor Plan Energy CertificateMap
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 50%, full price £320,000, £8,000 Min Deposit. Calculated using a representative rate of 5.03%
