L&Q: Shared Ownership launching in Warwickshire
Three bedroom homes available in first phase at Beauchamp Park
A new housing development is launching on Saturday 6th November in Warwick and with the first release including three bedroom Shared Ownership properties, first time buyers and those who have previously been unable to get onto the property ladder can now buy their first home in one of the country’s most desirable market towns.
L&Q is one of the UK’s leading housing associations and residential developers and its latest development – Beauchamp Park at Gallows Hill – is a new 450 home development which forms part of the 1,600 homes at Warwick Gateway urban expansion, which will also provide a community centre, primary school and country park.
L&Q has a proven track record of creating thoughtful and considerate neighbourhoods and Beauchamp Park is no exception, the local community and future residents will benefit from a variety of beautiful and scenic public open spaces, footpaths and cycleways, and children’s play areas.
The first release of properties includes a selection of three bedroom Shared Ownership homes with prices starting from just £133,875 for a 35% share and a deposit from £6,694.
L&Q’s Shared Ownership scheme offers a cost-effective way for aspiring homeowners to take the first step, by part-owning and part-renting a property. With the scheme, buyers are only required to pay a deposit on the percentage share they buy, rather than the full value of the home.
Christine Osborne, L&Q’s Sales and Customer Service Director, explains; “There is strong demand for housing that people can genuinely afford in Warwick, and we’re excited to be bringing our inclusive offer to the town for the first time. The homes we’re building represent a unique opportunity for many first time buyers, families and next steppers to purchase their dream home.
“Shared Ownership is a fantastic option to help would-be-buyers get onto the property ladder and is a stepping stone to outright ownership for those who can’t afford to buy a home on the open market. Even those who don’t have a large deposit could own their own home sooner than they think as Shared Ownership often requires a much smaller deposit.”
At Beauchamp Park, L&Q has paid particular attention to the overall look, feel and design of the development to ensure it’s in keeping with the local area. Homes are architecturally stunning, influenced by the Georgian, Regency and Tudor-style properties typically found in Royal Leamington Spa and Warwick which are characterized by a stylish geometry. Properties are well proportioned and elegant and built in a mix of brick, render and striking metalwork, L&Q has created truly stunning street scenes that tie in with the local area and mark the gateway to Royal Leamington Spa.
Homes include high-quality specification at no additional cost to the homebuyer, to ensure they have everything they need from the get-go, from white goods to a turfed garden with a shed, so they’re ready to move into as soon as they receive their keys.
Beauchamp Park enjoys an enviable setting in one of the country’s most desirable locations and some homes at the development enjoy views of Warwick Castle. The development is in a semi-rural location in the heart of the English Countryside, around two miles from Royal Leamington Spa, with convenient and easy access to the M40 on the doorstep plus a variety of amenities in the scenic, historic market town of Warwick.
Beauchamp Park will cater to a diverse mix of buyers, with a variety of house types with an exclusive collection of one, two, three, four and five bedroom houses and apartments available with Help to Buy, Shared Ownership, private sale and Part Exchange to suit the needs of every buyer.
Shared Ownership prices start from £133,875 for a 35% share of a three bedroom house (FMV: £382,500).
L&Q Shared Ownership terms and conditions apply. All prices correct at time of being published on 03/11/2021.
Share to Buy is a one stop shop for affordable homes. On our website, you can search for properties, compare mortgages and find out all you need to know about alternative home buying schemes such as Shared Ownership and Help to Buy.