Located in the town of Oadby, Stoughton Park is ideally situated for professionals commuting to Leicester just under five miles away, in addition to Northampton, Derby, Nottingham and Coventry. Stoughton Park is close to a host of amenities catering to everyday life, including a post office, supermarket, pharmacy and florist, with family-friendly attractions and beautiful Leicestershire countryside right on the doorstep as well.
Retail opportunities in the city centre are vast. Highcross and Haymarket shopping centres are both home to a range of high-street names and designer brands, whilst various independent boutiques and food producers can be found at the charming St Martin’s Square. Leicester and its neighbouring towns and villages are home to an array of family attractions, such as the National Space Centre approximately 20 minutes away by car, a state-of-the-art exhibit showcasing the world of space travel. Stoughton Park is ideally placed for travel to its surrounding areas. By road, Corby is around 35 minutes away whilst Coventry, Peterborough and Northampton can all be reached in under an hour.
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.
At Stoughton Park you can buy a minimum 25% 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.
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.
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.
*Service charges are estimated and may subject to change.
**These photos are for information purposes only and may not represent a true likeness for the units being sold. They may have been taken from earlier phases or similar developments/house types and digitally furnished to represent how the home could be laid out; the final colours/appearance/specification may differ from the images and are not plot specific. We advise applicants to make their own investigations on future development in the area. We would suggest contacting the local authority for more information.
^^ Sage Homes terms and conditions apply. The advertised offer is only available on homes reserved between 1st November 2023 and January 31st 2024, exchange of contracts must occur before the agreed exchange deadline as stated in the memorandum of sale. Not to be used in conjunction with any other offer. A contribution of £1,000 towards your energy costs and £500 towards your moving costs is offered. Sage Homes’ contribution is deducted from the total cost payable to Sage at the time of completion. Sage Housing Ltd reserve the right to withdraw or alter the terms of this offer at any time prior to payment of a reservation fee.
Brand new Shared Ownership home
Spacious living areas
Easy access to Leicester and M1
Close to local amenities