£94,000

Highlight Housing, The Affordable Homes Agency, working with Legal & General Affordable Homes, is pleased to present this beautifully presented shared ownership resale two bedroom semi-detached home at Hales Close, Coleford, Gloucestershire. The price shown represents purchasing a 40% share of the property.

Property Overview

Situated on a popular modern development in Coleford, this beautifully presented two bedroom semi-detached home offers an excellent opportunity to step onto the property ladder within the Forest of Dean.

Ideally positioned within easy reach of Coleford town centre, the property enjoys a convenient location close to local shops, a primary school, petrol station, pubs and everyday amenities, whilst benefiting from the peaceful surroundings of a modern residential neighbourhood.

The home has been thoughtfully designed to create a bright and spacious feel throughout, with wider internal doorways and staircase adding to the sense of space. The ground floor centres around a contemporary open plan kitchen, living and dining area, providing an ideal setting for everyday living, entertaining and family life. The well-appointed kitchen flows seamlessly into the living space, with ample room for a dining table and direct access to the rear garden.

A convenient ground floor Wc and a generous under-stairs storage cupboard further enhance the practicality of the home.

Upstairs, the property offers two generously sized double bedrooms, both benefiting from built-in storage. The principal bedroom also features independent heating controls, allowing for personalised comfort throughout the year. A modern family bathroom with a bath and shower over completes the accommodation.

Externally, the property benefits from a private driveway providing off-road parking for two vehicles. To the rear, the enclosed garden has been enhanced with an extended patio area, creating the perfect space for outdoor dining, entertaining or relaxing. Side access adds further practicality and convenience.

Offering generous room sizes, excellent storage and modern finishes throughout, this is an ideal home for first-time buyers, young families or those looking to downsize without compromising on space.

Financial Breakdown

- Full Market Value: £235,000
- 40% Share Value: £94,000
- Rent on unowned share: £374.99 per month
- Buildings Insurance: £20.58 per month
- Management Fee: £34.89 per month
- Total Monthly Payment (excluding rent): £55.47 per month
- Lease Length: Approximately 246 years remaining
- Rent Review: Reviewed annually (Rpi + 0.5%)

Local Area

Coleford is a thriving market town in the heart of the Forest of Dean, offering an excellent range of independent shops, supermarkets, cafés, restaurants and everyday amenities. Surrounded by beautiful woodland and countryside, the area provides outstanding opportunities for walking, cycling and outdoor pursuits.

The property is conveniently located close to local schools, leisure facilities and healthcare services, while excellent road links provide easy access to Gloucester, Monmouth, Chepstow and the wider region.

What is Shared Ownership?

Shared Ownership offers a more accessible route to homeownership by allowing you to purchase a share of a property’s value, while paying a subsidised rent on the remaining share.

Over time, you may choose to buy additional shares in your home through a process known as staircasing, potentially increasing your ownership up to 100%. Deposits and mortgage payments are based on the share purchased, meaning costs are often lower than buying outright or renting privately.

Legal & General Affordable Homes is a Registered Provider delivering Shared Ownership homes and committed to creating well designed communities and supporting buyers throughout their home buying journey.

Eligibility Criteria

To be eligible for Shared Ownership, you will 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 your purchase.
- Be unable to purchase a suitable home to meet your housing needs on the open market.
- Have a local connection to the Forest of Dean District through residency, employment or family.

This resale opportunity offers a chance to buy an established home through the Shared Ownership scheme, providing a more affordable and flexible way to get onto the property ladder.

About Highlight Housing

We are The Affordable Homes Agency.

Finding an affordable home should not feel impossible. Highlight Housing exists to improve access to good-quality, safe, affordable homes for sale and rent across the UK, working with trusted housebuilders, housing associations, private sellers and landlords.

With over 15 years’ experience across shared ownership, shared equity, mid-market rent and rent to buy, we provide clear, practical guidance that helps people understand what is genuinely within reach.

Our focus is on supporting individuals and families to move forward with confidence into a secure, well managed future home they can afford.

Shared Ownership Disclaimer

Shared Ownership is subject to eligibility, affordability checks and the terms of the lease. Rent is payable on the share not owned, along with any applicable service charges and other outgoings. Staircasing is subject to a valuation at the time of purchase and additional legal and valuation costs may apply. Priority may be given to applicants with a local connection. All information provided is for guidance only and does not form part of any contract.