Fairleigh Close, Stratford-upon-Avon
- PROPERTY TYPE
Terraced
- BEDROOMS
2
- BATHROOMS
1
- SIZE
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Key features
- Brand new Shared Ownership home
- Open plan lounge/diner
- Parking
- Garden
- Easy access to Stratford & Stratford Parkway train
- stations
- Ground floor cloakroom
Description
This brand new home is available to buy from as little as £147,500 with a 50% 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
50% Share Price: £147,500 (rent £338.02pcm)
60% Share Price: £177,000 (rent £270.42pcm)
75% Share Price: £221,250 (rent £169.01pcm)
Minimum 5% Mortgage Deposit (50% share): £7,375
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
Tenure: Leasehold You buy the right to live in a property for a fixed number of years, but the freeholder owns the land the property's built on.Read more about tenure type in our glossary page.
GROUND RENTA regular payment made by the leaseholder to the freeholder, or management company.Read more about ground rent in our glossary page.
£0 per year
ANNUAL SERVICE CHARGEA regular payment for things like building insurance, lighting, cleaning and maintenance for shared areas of an estate. They're often paid once a year, or annually.Read more about annual service charge in our glossary page.
£581.4
LENGTH OF LEASEHow long you've bought the leasehold, or right to live in a property for.Read more about length of lease in our glossary page.
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Energy performance certificate - ask agent
Council TaxA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council tax in our glossary page.
Band: TBC
Fairleigh Close, Stratford-upon-Avon
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Stratford-upon-Avon Parkway Station0.3 miles
- Stratford-upon-Avon Station1.0 miles
- Wilmcote Station1.6 miles
About the agent
We believe that shared ownership is the future of getting on the property ladder. And we're here to help you secure the right home for your needs - at your own pace.
Evolved from Leaders Romans Group in 2018, SOWN is a dedicated shared ownership brand. We provide a full sales and marketing service on behalf of Housing Associations across the UK, for both new-build and re-sale shared ownership homes. Our specialist team focuses exclusively on shared owner
Notes
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Visit our security centre to find out moreDisclaimer - Property reference SDO220056. The information displayed about this property 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 SOWN, Nationwide. 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.
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited.
**This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.
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