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Mercia Reach

Shared ownership

Worthing Grove, Tamworth, B78 3HJ

For salenew home
Shared ownership
Photo of Mercia Reach
Live from space album cover
  • from

    £90,000

    2 bedroom

from

£90,000

with min. deposit

£4,500

Legal & General Affordable Homes

£90,000

2 bedroom house

Availability

For sale

Minimum share

40%

Full market price

£225,000

Deposit from

£4,500

Monthly rent

£309

Monthly service charge

£54

Bedrooms

2

Bathrooms

1

Reception rooms

1

Furniture status

unfurnished

Floor area

65

Number of floors

2

Entrance floor

Ground floor

Tenure

leasehold

Property features

Central heatingDouble GlazingDrivewayOff street parkingPatioPrivate Garden
EER Current83

Overview

FINAL HOME IN CURRENT PHASE REMAINING!

Welcome Home to Mercia Reach

A beautiful collection of new 2 and 3 bedroom homes available with Shared Ownership in Tamworth, Staffordshire. 

Whether you are looking for your first home or need more room to accommodate a growing family, the homes at Mercia Reach are the perfect place to put down roots of your own.  

Located within walking distance to the well-known Ventura Park and nearby to Ankerside shopping centre, you will be spoilt for choice with a Sainsbury's and Asda super centre for all of your everyday shopping needs.  

There are also Ofsted 'outstanding' rated schools, local markets, a GP …

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.

from

£90,000

with min. deposit

£4,500

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