3 bedroom house for sale
28 Ismay Drive, Coventry, West Midlands CV2 2RR, CV2 2RR
Share percentage 40.00%, full price £290,000, £11600 Deposit.
Share percentage 40.00%, full price £290,000, £2,900 Min Deposit.
Monthly Cost: £1,007
Rent £399,
Service charge £22,
Mortgage £586*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
3 bedroom semi-detached house, allocated parking, turfed rear garden
Description
Stonewater, in partnership with Countryside, has 50 homes available for shared ownership and 17 for rent-to-buy at Elm Fields Farm, 4.5 miles north-east of Coventry city centre. In total there will be 148 affordable homes at the development.
Every home will be built using modern methods of construction (MMC), incorporating closed timber panels made in Countryside’s factory and then transported to site where they are assembled. This form of construction maximises the potential for energy efficiency. Each home will also benefit from the installation of an air-source heat pump, making it potentially more cost-effective to run while also helping to lower carbon emissions. Around half of the homes will also have solar panels installed as well as electric vehicle charging points to further reduce emissions.
Stonewater will maintain and manage the surrounding public spaces, including protecting and enhancing the green spaces and biodiversity across the area with wildflower meadows and ponds being incorporated into the development. There will be open space and play equipment, an orchard and public art to promote the local area’s history. Sustainable transport links will be delivered with improved bus routes, cycle routes and pedestrian access.
The development, sitting just off Wigstone Road, Woodway Lane and Hinckley Road, lies 4.5 miles north-east of Coventry city centre. Coventry has a choice of expansive shopping centres including the West Orchards and Lower Precinct Shopping Centres offering a wealth of both high street brands and independent names, as well as plenty of places to eat and drink. Should you want to pick up fresh produce, the bustling Coventry Market is a popular destination.
Beyond the shops, restaurants, bars and coffee shops, Coventry, the 2021 UK City of Culture, has plenty more to offer. Entertainment options include cinemas, theatres and an indoor ice rink, with the A4053 inner city ring road providing easy access to all the city centre facilities and venues. If open air pursuits are more your thing, there are a number of parks and further afield, Warwickshire’s gloriously unspoilt countryside.
There are a number of good schools in the catchment area of the development. Whittle Academy Primary School caters for pupils aged five to 11 years old and has an Ofsted rating of ‘Good’. Walsgrave CofE Academy, part of the same group of five academies as Whittle, is also a primary school and similarly rated ‘Good’ by Ofsted. For older pupils Grace Academy is a modern secondary school a short walk from the development. There are two further education colleges in Coventry, City College and Hereward College. Coventry University has a city centre campus, and The University of Warwick is on the southern fringes of the city.
Elm Fields Farm benefits from easy access to the A46, A45, M6, M69 and beyond to central England’s motorway network. The train from Coventry to Birmingham New Street takes just under half an hour, and to London Euston approximately an hour and a half. Closer to home, the train journey between Coventry and Leamington Spa takes around 16 minutes. Pool Meadow Bus Station is the starting point for bus services throughout the town and the local area, alongside the National Express West Midlands depot, for bus journeys further afield. Birmingham Airport is just over 17 miles away via the M6.
Particulars
Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: Not specified
Property Downloads
Key Information DocumentMap
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
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 10%, full price £290,000, £2,900 Min Deposit. Calculated using a representative rate of 4.59%