Cleevelands

This development will be made up of 22 houses in a mix of
two and three-bedroom homes for shared ownership and
social rent. The sustainable and energy efficient homes will
feature a contemporary design blending a traditional build
with a modern design.

Bishop's Cleeve attracts all groups of potential buyers and the significant growth in the area over the past few years has made this a desirable area for purchasers. The area is situated with easy transport links to the M5, with Bristol to the South and Birmingham to the North as well as commuting links to larger towns such as Cheltenham and the surrounding Cotswolds.

Train stations offering routes to the South West, Midlands and London are available at nearby Ashford and Cheltenham Spa.

The village centre of Bishops Cleeve offers a range of shops, including two large supermarkets, post office, chemist, several retail outlets and two village pubs.

Next to the development is a doctors surgery, gym, convenience shop and variety of other shops.

There’s a selection of Ofsted rated schools in and around Bishop’s Cleeve. For the smaller ones, Bishop’s Cleeve Primary Academy is just under a mile from the development and for older children there is a school 1.2miles away.

Full Market Value is £360,000 for 3 bed homes.

A 50% share of a 3 bed home would be £180,000 with a monthly rent of £412.50 and monthly service charge of £39.20.

Full Market Value is £320,000 for 2 bed homes.

A 50% share of a 2 bed home would be £160,000 with a monthly rent of £366.67 and monthly service charge of £39.20.

‍Our homes are generally advertised at 50% for illustrative purposes only and will be determined by the applicant's affordability.

What is Shared Ownership and do I qualify?

Shared Ownership is a fantastic opportunity for those
who want to get a foot on the property ladder but can't
afford to buy a home on the open market.
It allows you to buy a share in a brand new leasehold
property on a part buy/part rent basis and pay a
subsidised rent on the part that you do not own. After
the initial purchase it is possible to buy further shares and
eventually own these properties outright. Our homes
are generally advertised at 50% for illustrative purposes
but will be determined by the applicant’s affordability. “The minimum share is 10% and the maximum share is 75%”
and rent will charged on the remaining share. The bigger the share you buy, the less rent you have to pay. You will need to be able to raise a mortgage for the share you want to purchase unless you have sufficient money to enable you to purchase without.
The combined cost of mortgage and rent is often
cheaper than privately renting in the area.