Shared Ownership

This brand new home is available to buy from as little as £73,750 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 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: £295,000

25% Share Price: £73,750 (rent £507.03pcm)
50% Share Price: £147,500 (rent £338.02pcm)
75% Share Price: £221,250 (rent £169.01pcm)

Minimum 5% Mortgage Deposit (25% share): £3,688

Approximate Service Charges: £48.45 pcm*

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 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.

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.

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

Photos

2 bedroom terraced house for sale