2 bedroom house for sale

Available

17 Stephens Place, Stephens Place, CV33 8AG

£125,000 · Shared Ownership New Build

Share percentage 50%, full price £250,000, £6,250 Min Deposit.

Available
2 bedrooms
Floor plan
floor-plan
Floor plan
floor-plan
£125,000 Shared Ownership New Build · Eligibility Eligibility

Share percentage 50%, full price £250,000, £6,250 Min Deposit.

Monthly Cost: £959
Rent £286, Service charge £50, Mortgage £623*

Calculated using a representative rate of 3.94%

Calculate estimated monthly costs

£
Eligibility
To be eligible for shared ownership you would need to meet the following criteria:
  • Your household income does not exceed £80,000 (outside of London) and £90,000 (inside of London)
  • 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.
Summary

Wonderful 2 bedroom terraced house in the Valiant Fields development. The price advertised represents purchasing a 50% share of the home.

Description

Wonderful 2 bedroom terraced house in the Valiant Fields development. The price advertised represents purchasing a 50% share of the home.

About the Development

Situated in the lovely Warwickshire countryside, Valiant fields is a brand new development in the also brand new community of Upper Lighthorne. These brand new semi-detached and terraced homes are built to a high spec and are a great opportunity for you to own your own home.

Surrounded by green space, outdoor activities are endless, Lighthorne and Lighthorne Heath are the closest villages, both with boutique shops and cafes as well as other retail/supermarket options.

About the Home

This plot is a brand new 2 bedroom house with a hallway that leads to the spacious lounge area and through to the open plan Kitchen/Dining area.

The second floor presents both bedrooms with large windows as well as the three piece bathroom with shower over bath.

About the Area

Upper Lighthorne is a brand new village community located near to the historic RAF Gaydon site. The village itself will feature a variety of shops and amenities including a doctors surgery and community centre. Whilst larger towns such as Warwick and Leamington Spa are a short drive away and offer an array of high street shops, bars and restaurants.

Furthermore, THE M40 is at your doorstep and access from here to other locations such as south to London and north to Birmingham is easy. Access to all other local villages is also easy.

Shared Ownership

The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller upfront payment. With Shared Ownership, you buy a share of your home using a mortgage from a bank or building society and pay a subsidised rent on the share you did not purchase. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright. You can buy a minimum 50% 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.

T&Cs

*Please note images are for information purposes only and may not represent a true likeness for the units being sold. Some or all images have been digitally furnished to represent how the home could be laid out and the final colours/appearance may differ from the images.

*Services Charges will apply, speak to our Sales Agent for more information. Costs are subject to change.

Key Features
  1. 2 bedroom mid-terraced house
  2. Flooring throughout
  3. Storage space
  4. Separate living area
  5. Open plan Kitchen/Dining
  6. Garden
  7. 3 piece bathroom with shower over bath
  8. There will be an added service charge
Property Downloads
Floor Plan Energy Certificate
Map
Leamington Spa (5.86 miles) Warwick (6.87 miles) Warwick Parkway (7.68 miles)
Monthly Cost Calculator

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together, rent, service charge and mortgage.

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  • Rent: this is charged on the share you do not own and is usually payable to a housing association (rent is not generally payable on shared equity schemes)
  • Service Charge: covers maintenance costs for the property as a whole and communal areas
  • Mortgage: Share to Buy ltd are specialist Shared Ownership mortgage brokers and we use a database of daily updated mortgage rates to work out the lowest rate available for the deposit amount shown, and then generate an estimated monthly payment on a 25 year capital repayment basis.

NB: this mortgage estimate is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you.

£125,000
Shared Ownership New Build
Estimated Monthly Cost:£959
Rent £286
Service Charge £50
Mortgage £623

Share percentage 50%, full price £250,000, £6,250 Min Deposit. Calculated using a representative rate of 3.94%


Disclaimer
The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.