Kings Meadow, Bourton-on-the-Water, Cheltenham

Shared Ownership

This superb modern home is available to buy from as little as £125,000 with a 50% share!^

This well presented mid terrace home offers a practical and spacious layout in a popular residential location. The ground floor comprises a generous reception room providing ample space for both living and dining areas. To the rear, a separate kitchen with direct access to the garden. Upstairs, the property features two bedrooms, and a family bathroom. Externally is off road parking to the front and an enclosed garden to the rear.

Situated in Kings Meadow, the property is located within a popular residential area of Bourton-on-the Water, offering a great balance of convenience and lifestyle. Cheltenham town centre is within easy reach, providing a wide range of shops, restaurants, cafés and leisure facilities, along with well regarded schools nearby. The area also benefits from green open spaces and parks, ideal for outdoor activities.

For commuters, the property is well positioned with access to the A40 and M5, providing links to Gloucester, Oxford and Birmingham. Cheltenham Spa railway station offers direct services to London Paddington and other major cities.

PRICING & AFFORDABILITY

Full Market Value: £250,000

50% Share Price: £125,000 (rent £210.56pcm)
Minimum 5% Mortgage Deposit (50% share): £6,250
Approximate Service Charges: £41.64pcm*
Lease: 155 years remaining

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.

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

Buyers must have a local area connection to the Parish of Bourton on the Water. This can be via living and/or working in the borough or by having immediate family living in the borough. Proof of a local area connection will be required.

*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.

^Please note that this property comes with a 'staircasing restriction' and 50% is the maximum share you can own. You are not able to buy more shares or own the home outright. Please ensure your financial advisor is aware when applying for a mortgage on your behalf.