Plot 15, Wool Hayes Meadow, Shepton Beauchamp, Ilminster, Somerset, TA19

NEW RELEASE – SHARED OWNERSHIP

The Mulberry is a stylish and well-designed two-bedroom semi-detached home, perfectly suited to first-time buyers or those looking to take their first step onto the property ladder through Shared Ownership.

The ground floor features a contemporary kitchen with ample storage and preparation space. This home also includes a separate living area. Designed with modern lifestyles in mind, these versatile spaces provide the perfect setting for relaxing, entertaining and everyday living, while large windows allow natural light to fill the home.

Upstairs, the first floor offers two generously proportioned bedrooms, providing comfortable and flexible accommodation. A modern family bathroom serves both bedrooms, finished to a high standard for practicality and comfort.

With its efficient layout and thoughtful design, The Mulberry offers a wonderful opportunity to enjoy contemporary living in a desirable village location, making it an ideal choice for those seeking an affordable route into home ownership.

Available through Shared Ownership, this home provides an affordable way to purchase a share of your property while paying rent on the remaining share, helping make home ownership more accessible.

Nestled in the heart of Somerset, Wool Hayes Meadow offers a unique blend of contemporary design and village charm. This intimate collection of just sixteen homes combines elegance with comfort, featuring a selection of both houses and bungalows.

Thoughtfully designed by award-winning developer Otter Construct, each home complements its rural surroundings while ensuring modern lifestyle needs are met with effortless style. The architecture harmonises with the natural beauty of the area, where every detail has been carefully considered to provide a welcoming sanctuary for residents.

Located in the picturesque village of Shepton Beauchamp, Wool Hayes Meadow enjoys a stunning setting that embraces both tranquillity and convenience. Residents benefit from easy access to local amenities, including village shops, pubs and everyday essentials, all while being surrounded by beautiful Somerset countryside.

Excellent transport links connect you to nearby towns and villages, ensuring that while you can enjoy the peace of rural living, the wider region remains within easy reach. It is the perfect location for buyers seeking a balanced lifestyle within a thriving community.

The current management & service charges for the development are estimated to be in the region of £424 per annum. The rent is 2.75% of the unsold equity of the property. This equates to approx. £88.54 per week based on the illustration of purchasing a 40% share.

Lease length: 990 years
Reservation fee £500.00

*Advertised price is based on a 40% share (Option to buy higher or lower share)

HOUSING ASSOCIATION NOTES
Eligibility Criteria - The property is subject to a Section 106 Legal Agreement which sets out eligibility criteria.

Potential purchasers will need to be registered on Homefinder Somerset and evidence a local connection, as shown below:

"Local Connection" means, in order of priority, in relation to a person in need of Affordable Housing, that person demonstrating to the reasonable satisfaction of the Development Enabling Specialist that immediately prior to the allocation of an Affordable Housing Unit they:

a) are ordinarily resident within the Parish of Shepton Beauchamp;

b) have strong local connections with the Parish of Shepton Beauchamp including having a Close Family Association in the said parish and/or any periods of ordinary residence in the said parish not immediately before the date upon which any Affordable Housing Unit becomes vacant and/or such persons who have permanent employment in the Parish of Shepton Beauchamp immediately prior to the allocation of an Affordable Housing Unit;

c) any person registered on the Homefinder Somerset Register or such low cost homeownership registration required by the Development Enabling Specialist and in the event of there being no one available thereon any person approved in writing by the Development Enabling Specialist (such approval not to be unreasonably withheld).

This is in addition to meeting the shared ownership eligibility criteria set out on the government website and affordability criteria.

*Please note that some images may be CGI's and are not to be relied upon. Some of these images may be from another plot, may have been virtually furnished or may have been enhanced - they are for illustrative purposes only.