Shared Ownership
This superb modern home is available to buy from as little as £147,500 with a 50% share!
Situated within the popular and growing community of Great Oldbury, this beautifully designed semi detached home offers stylish and practical accommodation. The property features a spacious living room to the front of the home, a modern kitchen/dining room spanning the rear with direct access to the garden plus a convenient downstairs WC. Upstairs are two generous double bedrooms alongside a family bathroom. Externally is allocated parking and an enclosed rear garden.
Thomas Tudor Way is perfectly positioned within Great Oldbury, a sought after development on the edge of Stonehouse offering a fantastic balance of countryside surroundings and everyday convenience. Residents benefit from nearby local shops, cafés, schools and green open spaces, while larger amenities can be found in nearby Stroud and Gloucester. The area is also well placed for enjoying the beautiful Gloucestershire countryside, canalside walks and the nearby Cotswolds.
For commuters, the property enjoys excellent transport connections with easy access to the M5 motorway via Junction 13, linking to Gloucester, Cheltenham and Bristol. Stonehouse railway station is also nearby, providing direct services towards London Paddington, Cheltenham Spa and Swindon.
PRICING & AFFORDABILITY
Full Market Value: £295,000
50% Share Price: £147,500 (rent £377.88pcm)
Minimum 5% Mortgage Deposit (50% share): £7,375
Approximate Service Charges: £50.72pcm*
Lease: 121 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.
*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.
