Thimbleley Close, Bedworth

Shared Ownership

This brand new mid-terraced home is available to buy from as little as £106,000 with a 40% share!

Newlands Meadows offers a superb opportunity to purchase 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.

Shared ownership can be a really useful stepping stone onto the property ladder in the UK—especially for buyers who are struggling with high deposits or affordability.

Here’s a clear breakdown of the main benefits:

🏡 Lower Deposit & Entry Cost
You only buy a share of the property (from as little as 40%)
Your deposit is based on that share, not the full value
👉 Much more accessible than buying outright!

💷 More Affordable Monthly Costs
You pay:
Mortgage on your share
Rent on the remaining share (to the housing provider)
Often works out cheaper than full ownership

📈 Ability to “Staircase”
You can gradually buy more shares over time (this is called staircasing)
Eventually, you may own 100% of the property
👉 Gives flexibility as your income grows

🔒 Security Compared to Renting
You’re a homeowner (not just a tenant)
Longer-term stability vs private renting

👍 Who It’s Best For
First-time buyers
People with steady income but smaller deposit
Buyers priced out of full ownership locally
Downsizers

PRICING & AFFORDABILITY

Full Market Value: £260,000

45% Share: £117,000 (rent £268.12 pcm)

65% Share: £169,000 (rent £208.54 pcm)

75% Share: £195,000 (rent £148.96 pcm)

Minimum 5% mortgage deposit (based on 40% share): £5,200
Approximate Service Charges: £76.75 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 Newlands Meadows advertised shares start at a 40% 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.

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.