Cleeve Gardens, GL52

The Development
Welcome to Cleeve Gardens - an exciting new development positioned at the heart of an area of outstanding natural beauty. Comprising a selection of 2, 3 and 4-bedroom homes all ready to buy through Shared Ownership, Cleeve Gardens is located in Bishops Cleeve - nestled on the edge of the Cotswolds and just outside of Cheltenham.

Ideal for both families and first-time buyers alike, Cleeve Gardens will offer the best of both worlds - a new standard of contemporary living, in and around the most desirable countryside vistas in the UK.

Cleeve Gardens represents a new standard of living for the local market, which has seen rapid expansion over the last 20 years. Located in the former Nortenham Allotments - which the development name pays homage to - this scheme of 86 new homes is perfect for homebuyers looking for a countryside retreat that still offers great connectivity around Gloucestershire.

Made up of 2, 3 and 4-bedroom homes, Cleeve Gardens is one of the only shared ownership developments in the region - making it an exceptional opportunity to live in a highly-desirable area.

The development itself will reflect its surroundings - a blend of contemporary motifs and modern fixtures that still co-exists amongst the existing landscape. Cleeve Gardens is designed to complement the existing community that has built up around Bishop's Cleeve, helping support the exceptional demand we're seeing in the market.

The Property
The Lavender is a modern, two-bedroom end-terrace home in Bishops Cleeve and part of the Cleeve Gardens development. It features a contemporary layout with a spacious kitchen/dining area, double doors to a turfed rear garden, a downstairs WC and front aspect living room.

The entire property features modern fixtures and fittings. Upstairs you'll find two double bedrooms, a family bathroom and storage.

Prices

Plots 99, 100, 101, 102 & 103
2 Bedroom House
£130,000 for a 40% share (deposit from £6,500)
Monthly Rent on remaining share £446.88

£162,500 for a 50% share (deposit from £8,125)
Monthly Rent on remaining share £372.40

£243,750 for a 75% share (deposit from £12,187.50)
Monthly Rent on remaining share £186.20

These properties are due for build completion in Spring 2025, we're therefore currently unable to offer viewings and will be accepting reservations off-plan.

Other shares can be purchased subject to an affordability assessment.
Examples of deposit rates are based on our minimum required deposit rate of 5%. However please seek financial advice to confirm what deposit rate is available to you.

Council Tax TBC - due to these properties being new builds and not being previously occupied the council tax and banding has not yet been set.

Service Charge - A service charge will be charged against the property and is paid monthly with your rent payment. The service charge is reviewed on an annual basis on April 1st. This will include Buildings insurance, management and any communal/estate charges that may be covered (if applicable). The service charge displayed is estimated based on the initial assessment of the scheme, please contact the sales consultant for details.

Ground Rent - Not applicable.

Homes England Key Information Document - please refer to our website to read through our key information document for this property. This will include pricing details, eligibility and some lease information.

NEXT STEPS:
1. For further information, please download our brochure below.
2. TO APPLY NOW, Please register with Help to Buy for Shared Ownership.
3. Then send your approved Help to Buy Application form or reference number to the Sales Team.
4. Upon receipt of your application, we will refer you for an affordability assessment to determine the most affordable share for you.
5. Once you have passed the affordability assessment, we will then be in contact to confirm the availability.
6. If there is a suitable property we will then issue out your offer letter and advice on how to pay your £250.00 reservation fee for your new home.
Shared Ownership is a fantastic opportunity if you're an unable to purchase a home on the open market. It allows you to buy a share in a property on a part buy/part rent basis and pay a subsidised rent on the part that you do not own. Over time, you can purchase more shares in your property - this is known as 'staircasing'. This can be done at any time after initial purchase and it will reduce the amount of rent you pay, as the share of the home that you do not own will have got smaller.
We will offer shares between 25-75% of the property value depending on the outcome of the affordability assessment. The higher the share you purchase, the lower your rent will be. You will need to be able to obtain a mortgage for the share you want to purchase unless you have sufficient funds to enable you to purchase a share outright. Deposit amounts will be lower than purchasing a property on the open market also the combined cost of mortgage and rent is often cheaper than privately renting in the area.