Shared Ownership
This brand new home is available to buy from as little as £150,000 with a 50% share!
Nestled in the charming semi-rural hamlet of Bishopton, Lockside Wharf is a thoughtfully designed new development just over two miles from the heart of the historic market town of Stratford-upon-Avon; famously the birthplace of William Shakespeare.
Stratford’s vibrant town centre offers an appealing mix of culture and community, with a wide selection of restaurants, bars, and the renowned Royal Shakespeare Theatre. Scenic riverside walks along the River Avon and picturesque routes beside the Stratford Canal add to the town's timeless charm.
Lockside Wharf has been created with nature and wellbeing in mind. The development features extensive green open spaces, interconnected walking paths, a trim trail, and a natural play area. A Community Orchard, pockets of woodland, and wildflower meadows encourage biodiversity and create a peaceful, wildlife-friendly environment. Convenient access to the town centre is available via a dedicated local bus stop, while the nearby Stratford Canal enhances the setting with a tranquil waterside atmosphere.
Lockside Wharf offers the perfect blend of countryside living and town convenience; a place to grow, connect, and enjoy the beauty of the Warwickshire landscape.
This brand new semi detached home features an open plan lounge/diner, separate kitchen, ground floor cloakroom, two bedrooms, bathroom, parking and a garden.
PRICING & AFFORDABILITY
Approximate Size 807 sq ft
Full Market Value: £300,000
25% Share Price: £75,000 (rent £515.63pcm)
50% Share Price: £150,000 (rent £343.75pcm)
60% Share Price: £180,000 (rent £275.00pcm)
75% Share Price: £225,000 (rent £171.88pcm)
Minimum 5% Mortgage Deposit (25% share): £3,750
Approximate Service Charges: £48.43 pcm*
Shared Ownership Lease: 125 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 Lockside Wharf you can buy a minimum 25% 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.
**These photos are for information purposes only and may not represent a true likeness for the units being sold. They may have been taken from earlier phases or similar developments/house types and digitally furnished to represent how the home could be laid out; the final colours/appearance/specification may differ from the images and are not plot specific. We advise applicants to make their own investigations on future development in the area. We would suggest contacting the local authority for more information.
SOWN are selling the homes on behalf of Sage Homes. Sage Homes is a Registered Provider committed to providing high quality affordable homes across England. For more information on Sage Homes visit www.sagehomes.co.uk
