Brittain Lane, Warwick, Warwickshire, CV34 6DX

Highlight Housing, The Affordable Homes Agency, working with Legal & General Affordable Homes, is pleased to present this two-bedroom Shared Ownership resale flat in Warwick, Warwickshire. The price shown represents purchasing a 25% share of the property, based on a full market value of £205,000.

Property overview

This well-proportioned two-bedroom flat offers comfortable, single-level accommodation, making it an ideal choice for first-time buyers, couples or those looking to downsize.

The property extends to approximately 59 sq m (640 sq ft) and benefits from a practical layout, comprising a spacious lounge/diner, separate kitchen, two bedrooms, a family bathroom and useful storage space.

Upon entering the property, the entrance hallway provides access to the main living accommodation, bedrooms and bathroom.

The lounge/diner is a particularly generous room, measuring approximately 4.52m x 5.06m (14'10” x 16'7”). Offering plenty of space for both living and dining furniture, this versatile room provides a comfortable setting for relaxing, entertaining or spending time with family and friends. Windows along the external walls allow natural light into the room.

The separate kitchen measures approximately 2.82m x 2.39m (9'3” x 7'10”) and offers a practical arrangement of worktop and storage space, with room for essential kitchen appliances. Its position next to the lounge/diner makes it convenient for everyday living.

Bedroom one measures approximately 2.85m x 3.38m (9'4” x 11'1”) and provides comfortable accommodation for a double bed and additional bedroom furniture. The room also benefits from built-in storage.

Bedroom two measures approximately 1.86m x 2.86m (6'1” x 9'5”) and offers flexibility as a single bedroom, nursery, guest room or home office.

The family bathroom measures approximately 1.87m x 1.82m (6'2” x 6'0”) and is conveniently positioned off the entrance hallway.

With its spacious living accommodation, separate kitchen and two bedrooms, this property offers an excellent opportunity for buyers seeking an affordable home in the historic town of Warwick.

Financial breakdown

• Full Market Value: £205,000
• 25% Share Value: £51,250
• Rent on Unowned Share: £406.04 per month
• Estate Charge: £12.35 per month
• Buildings Insurance: £15.47 per month
• Management Fee: £34.89 per month
• Reserve/Sinking Fund Payment: £26.15 per month
• Other Service Charges: £50.50 per month
• Total Monthly Payment (excluding rent): £142.36
• Total Monthly Payment (including rent): £548.40
• Lease Length: Approximately 106 years remaining
• Tenure: Leasehold

Larger shares may also be available, subject to affordability assessment.

For example, purchasing a 40% share would cost £82,000, with monthly rent of £324.83, while purchasing a 50% share would cost £102,500, with monthly rent of £270.69.

The rent is reviewed annually in accordance with the lease, using the Retail Prices Index (Rpi) plus 0.5%.

All financial information is based on the property's Key Information Document and should be confirmed before proceeding with a purchase.

Local area

Brittain Lane is situated in Warwick, Warwickshire, offering residents access to a wide range of local amenities, transport connections and recreational facilities.

Warwick is a historic market town known for its attractive architecture, independent shops and welcoming community. The town centre offers a variety of cafés, restaurants, traditional pubs and everyday shopping facilities.

One of the area's most recognisable attractions is Warwick Castle, while the surrounding historic streets and green spaces provide an appealing setting for residents and visitors alike.

Nearby St Nicholas Park offers extensive recreational facilities, including riverside walks, open green spaces, play areas and leisure activities.

Warwick also benefits from a selection of primary and secondary schools, making the area an attractive option for families.

The neighbouring town of Leamington Spa provides additional shopping, dining and leisure opportunities, with its Regency architecture, independent boutiques and popular parks.

For commuters, Warwick railway station provides services towards Birmingham and London, while nearby Warwick Parkway offers further rail connections.

The A46 and M40 provide convenient road access towards Coventry, Birmingham, Stratford-upon-Avon and the wider Midlands.

With its combination of historic character, local amenities, transport connections and green spaces, Warwick offers an appealing location for a wide range of buyers.

What is Shared Ownership?

Shared Ownership offers you the chance to buy a share of your home (usually between 25% and 75%) and pay rent on the remaining share. Later on, you could buy more shares of your new home when you can afford to and, if you chose, own the property outright. Monthly costs to purchase a home via Shared Ownership are generally less than purchasing outright or renting, making it a fantastic option to get onto the housing ladder.

Eligibility criteria

To be eligible for a home here you'll need to:

• Have a combined household income under £80,000 per annum
• Not already own a property, or part of a property, at the time of completing on your purchase
• Be unable to purchase a suitable home to meet your housing needs on the open market

If you don't meet the eligibility criteria for this development, you may still qualify for a shared ownership purchase at one of our others, so take a look at our website for more information.

About Highlight Housing

Highlight Housing, The Affordable Homes Agency, specialises in the sale and letting of affordable homes across the UK.

Working in partnership with Legal & General Affordable Homes, we help customers understand their options and guide them through the Shared Ownership process, from initial enquiry through to completion.

Shared Ownership disclaimer

Shared Ownership eligibility criteria applies. Images are indicative only. Council tax bands are often not released until the property is complete. If you need any guidance, please get in touch with our sales consultants.