Spitfire Road, Southam, CV47

The Property
Available on a 25% shared ownership basis, this two-bedroom semi-detached home offers an affordable way to step onto the property ladder in a popular residential development.

The ground floor features a welcoming hallway with storage, a modern fitted kitchen with integrated appliances, a bright lounge/diner with doors to the rear garden, and a handy downstairs WC. Upstairs, there are two double bedrooms including an ensuite to the main bedroom and a bathroom.

Outside, the property enjoys an enclosed rear garden, while to the front there is a driveway.

Spitfire Road is well placed for local schools, shops and amenities, with Southam town centre close by and excellent connections towards Leamington Spa, Rugby, Coventry and the M40.

TO BOOK A VIEWING - You can use the brochure link in the full property description in the Rightmove advert 24/7 or call to speak to an expert - whatever you need, we're available. Reach us from 9am - 6pm between Monday and Friday, and from 9am - 5pm on a Saturday.

Shared Ownership
To benefit from the Shared Ownership scheme buyers must;

Buyers must be at least 18 years old

Buyers must have a total household income under £80,000
(£90,000 in London)

Buyers must meet the Homes England affordability and sustainability
assessments (see the Homes England calculator guidance for
further information)

Buyers are expected to use any savings and assets towards the purchase
of their home. This may mean selling assets such as bonds, shares, land
and any other financial investments.

Buyers in receipt of benefits are eligible for shared ownership provided
they meet the Homes England affordability assessment (not all benefits
are eligible)

Self-employed buyers must be able to provide 2-years evidence of
their income

Buyers must purchase the maximum share they can reasonably afford within the
parameters of the Homes England calculator

Shared owners must be first time buyers or do not own another property in the UK or any
other country or have a memorandum of sale for their existing property.

Buyers must have good credit history and must not have the following:

A mortgage or rent arrears
Other bad debts
County Court Judgements
Buyers must have a minimum 5% deposit towards the share they are purchasing

Buyers may retain a portion of their savings to cover the costs of purchase and moving
home (typically up to £5,000). This may include:
Legal fees
Stamp Duty Land Tax where applicable
Mortgage application fees
Valuation fees and any associated moving costs


Property ownership information

Tenure: Shared ownership

Percentage share owned: 25%

Additional monthly rent: £650.00

Ground rent review period: No review period

Service charge review period: No review period

Lease end date: 27/09/3019

Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as 'draft'. Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts.

Successful buyers will be required to complete anti-money laundering and proof of funds checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.