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302 Kings Meadow

Shared ownership

89 Damson Way, Alcester, B50 4NB

For salenew home
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4 bedroom detached house

Wonderful 4 bedroom detached house in the Kings Meadow development. The price advertised represents purchasing a 45% share of the home.

 

About the Development

 

Just ten minutes’ walk from the charming village centre and only 7 miles from Stratford-upon-Avon, Kings Meadow is a desirable new neighbourhood in the heart of Warwickshire. On the northern edge of Bidford on-Avon, half a mile from the village’s busy High Street, the development is just five minutes’ drive from the A46, offering drive times of around half an hour to Worcester and Leamington Spa.

 

About the Home

 

This plot is a brand new 4 bedroom house with a hallway that leads on one …

Features

Bedrooms4
Bathrooms1
Reception rooms1
Furniture statusunfurnished
Number of floors1
Tenureleasehold

from

£175,500

with min. deposit

£8,775

45% Share from
£175,500
Full market price
£390,000
Minimum deposit
£8,775
Monthly rent
£492
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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