Shared Ownership
This superb modern home is available to buy from as little as £172,500 with a 50% share!
Situated in the popular Wallace Square development, this well-presented three-bedroom home offers approximately 940 sq ft of spacious and modern accommodation. The ground floor features a generous living and dining room, a well-appointed fitted kitchen and a convenient downstairs cloakroom. Upstairs, the property offers three well-proportioned bedrooms and a contemporary family bathroom, providing comfortable and versatile living space. The home also benefits from allocated parking, adding further convenience.
Ideally located on the eastern side of Cheltenham, the property is within easy reach of the town centre, renowned for its Regency architecture, boutique shopping, cafés, restaurants and year-round festivals. A range of supermarkets, local amenities, parks and highly regarded schools are also nearby, making the location ideal for everyday living.
For commuters, the property enjoys excellent transport links with easy access to the A40, M5 motorway and Cheltenham Spa railway station, offering direct services to Birmingham, Bristol and London Paddington. Combining spacious accommodation with a sought-after location and excellent connectivity, this fantastic home is not to be missed.
PRICING & AFFORDABILITY
Full Market Value: £345,000
50% Share Price: £172,500 (rent £406.06pcm)
Minimum 5% Mortgage Deposit (50% share): £8,625
Approximate Service Charges: £20.39pcm*
Lease:
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:
• You must live, work or have family connections to the Tewkesbury Boroguh to be able to purhase this home.
• 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.
