Old School Close by Seren Living Ltd

Pentwyn Road, Blackwood, NP12

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or call 01633 966007  Local call rate

Overview

Conveniently located just a couple of minutes walk from Blackwood High Street, Old School Close is a development of 2 and 3 bedroom homes being offered for sale by Serenliving.

Shared ownership has already helped hundreds of people who could not afford to buy a home of their own to do just that. We can help if you’re a first time buyer, looking to re-enter the property market or looking to downsize to something more manageable.

With shared ownership, you simply buy a share of your home and rent the rest. So your mortgage is smaller, more affordable and easier to get approval for. And you can take that important first step on to the property ladder.

As you are only buying a share of the property and not the total value, your monthly payments may be less than if you were to buy the property outright. But you can still enjoy all the benefits of a brand new home.

How it works

You will normally borrow from around 40% to 70% of the value of the property from a building society or bank in the form of a mortgage.

You will have to pay the full cost of buying your share including an administration fee, valuation fee and legal fees.

There will be a rent payable on the share of the property you do not own. You will also need to pay the normal costs associated with owning your own home.

After a set period of time (usually from 12 months) you can buy further equity shares in your home.

This is known as stair casing. The value of any extra share you wish to purchase is determined by an open market valuation taken at the time.

It is possible to acquire 100 per cent of the equity in your home.

If the time comes that you decide to move, you would inform us and we would use our best endeavours to find you a buyer. If we do not succeed you can then put the property on the open market in the usual way.

Who is eligible? You must be:
- Not already a home owner
- Unable to afford a suitable property on full ownership
- Not in serious debt and have a good credit rating
- Over 18 years of age
- Able to demonstrate a local connection to the area you wish to purchase in
- Spending less than 15% of your monthly income on loans, credit cards or catalogue bills (utility bills and other costs associated with running a home are not taken into account



  1. Conveniently located
  2. Minutes walk from Blackwood High Street
  3. Shared ownership
  4. More affordable

Location

Location

Pentwyn Road, Blackwood, NP12

Local Information

Nearest stations:

National Train Station logo Pengam (1.4 miles)
National Train Station logo Gilfach Fargoed (1.7 miles)
National Train Station logo Hengoed (2.0 miles)

Distances are straight line measurements from centre of postcode

About Developer

With over 30 years experience and a wealth of expertise in selling, renting and managing residential property, we are the smart choice for all your property needs.
We’re also part of the award winning seren group who provide housing and support to thousands across South East Wales.

  • A unique housing company that innovates and works differently
  • A great choice of quality affordable homes to buy and rent across south east Wales
  • A better kind of letting agency built with local landlords in mind
  • Preferred partner for Local Authorities

  • Contact Us

    Contact us about Old School Close

    Call us on 01633 966007 or fill in the contact form below.

    Disclaimer: The information displayed about this development and property within it comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Seren Living Ltd. Please contact the selling agent or developer 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 or the Home Report if in relation to a residential property in Scotland.

    *Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

    Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

    Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Seren Living Ltd, Old School Close on .


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