Horncastle Road, Bedworth

Shared Ownership

This brand new home is available to buy from as little as £173,750 with a 50% share.
100% value is £347,500.

Moat House Grange offers a range of stylish brand new homes available through Shared Ownership. Designed with modern living in mind, these homes combine contemporary layouts, energy efficient features, and high quality finishes, all set within a thoughtfully landscaped development on the edge of Bedworth. Open green spaces and walking routes provide a peaceful, community feel, while everyday essentials, supermarkets, and leisure facilities are close to home.

Bedworth’s excellent transport connections make it ideal for commuters and explorers alike. Bedworth railway station offers regular services to Coventry and Nuneaton, while the nearby M6 (Junction 3) and A444 link you easily to Birmingham, Leicester, and the wider Midlands. The town centre’s mix of shops, cafés, and local services is just minutes away, with larger retail destinations such as Arena Park Shopping Centre within easy reach. From weekend walks in nearby parks to quick trips into Coventry for culture, dining, and entertainment, Moat House Grange puts everything on your doorstep.

This brand new mid terrace home built to the ‘Wareham’ design features a large lounge/diner at the back of the house with a separate kitchen and a ground floor cloakroom. To the first floor are two double bedrooms and a bathroom whilst externally allocated parking for two cars and an enclosed rear garden.

PRICING & AFFORDABILITY

Full Market Value: £347,500
45% Share Price: £156,375 (rent £438pcm)
65% Share Price: £225,875 (rent £278.72pcm)
75% Share Price: £260.625 (rent £190.09pcm)

Minimum 5% Mortgage Deposit (45% share): £6,413
Approximate Service Charges: £73.58 pcm*
Shared Ownership Lease: 990 years
Council Tax Band: TBC

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 Moat House Grange advertised shares start at a 45% 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.

LOCAL AREA CONNECTION REQUIREMENT

Buyers for Moat House Grange are required to have a local area connection to the Borough of Nuneaton & Bedworth. Evidence of the local area connection will be required as part of the reservation process. This could be in one of the following ways:

• Have lived within the Borough for at least 6 out of the last 12 months, or 3 out of the last 5 years.
• Have immediate family currently living in the Borough who have been residents for at least 5 years or more. Immediate family would normally include parents, adult children, brothers or sisters, provided there are sufficiently close links (e.g., frequent contact, commitment, or dependence). Other family associations, such as grandparents or adoptive parents, may also be considered if sufficiently close links can be evidenced.
• Work permanently in the Borough.
• Give to, or receive support from, a close family member who is resident in the Borough. Applicants will need to supply supporting evidence from a medical professional or social worker.

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. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.