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116 Poets Meadow

Shared ownership

7 Hammond Close, Warwick, CV34 7DB

For salenew home
Shared ownership
Plot  gallery image
Live from space album cover

from

£86,250

with min. deposit

£4,313

25% Share from
£86,250
Full market price
£345,000
Minimum deposit
£4,313
Monthly rent
£593
Monthly service charge
£50

3 bedroom terraced house

Wonderful 3 bedroom terraced house in the Poets Meadow development. The price advertised represents purchasing a 25% share of the home.

 

About the Development

 

Poets Meadow is conveniently located between Warwick and Leamington Spa with excellent transport links and an array of wonderful shops, open spaces and history. From the charm of Warwick Castle to the bustling high street of Leamington Spa there are facilities for residents of all ages and tastes.  

Sage are proud to bring to the market these stunning and three bedroom houses completed to a high specification built by David Wilson Homes.  

About the Home

 

A three bedroom mid terrace house …

Features

Bedrooms3
Bathrooms1
Reception rooms1
Furniture statusunfurnished
Number of floors1
Tenureleasehold

from

£86,250

with min. deposit

£4,313

25% Share from
£86,250
Full market price
£345,000
Minimum deposit
£4,313
Monthly rent
£593
Monthly service charge
£50
Sage Housing

Sage Housing

Brochures

FAQs

Shared ownership is a government-backed scheme, designed to make stepping onto the property ladder more affordable. You buy a portion of a home normally with a mortgage and a deposit, and pay a low-cost rent on the rest.

Read more on the Shared Ownership FAQ

Help to Buy is an equity loan scheme to help you buy a new home. If you have a 5% deposit and can cover 75% of the value of the home with a mortgage (or 55% in London), the Government will lend you up to the remaining 20% (40% in London) in the form of an equity loan that carries 0% interest in the first 5 years. This is available on a variety of new-build properties for first time buyers and is subject to the property price, the subsequent price cap in that region and the developer offering the option.

You can read more on the Help to Buy FAQ

The rules for shared ownership are different to a private purchase. In short, as long as you don’t currently own, or won’t own another property when you move in to a new home, you’re likely to qualify. Help to Buy is available to first time buyers only and the property value itself must fall below a price threshold for that specific area which varies in terms of the average house price in the region.

Read more about eligibility in the FAQ

Some properties require you to live or work in the local area in order to be eligible to buy them. By knowing the areas in which you live and work, we can make sure you see everything available to you.

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