2 Bed Terraced House For Sale

This superb modern home is available to buy from as little as £108,000 with a 40% share!

A well-presented two-bedroom terraced home situated in the sought-after area of Great Oldbury, Stonehouse. Built to a contemporary standard, the property offers a comfortable and practical layout, ideal for first-time buyers or small families. The spacious sitting room at the front of the house benefits from plenty of natural light and provides room for both seating and dining, while the generously sized kitchen to the rear offers ample space for appliances and storage, and includes a convenient downstairs WC. Upstairs, there are two well-proportioned double bedrooms with built-in storage and a modern bathroom with a full suite.

Additional features include a private garden and parking to the front of the property. Thomas Tudor Way is located in a family-friendly residential area with excellent access to local amenities, schools, and transport links. Stonehouse offers a variety of shops, cafes, and services, with the M5 and nearby rail connections providing easy travel to Gloucester, Bristol, and beyond. This two-bedroom terraced home combines contemporary living with practical space, making it an ideal choice for buyers seeking a well-connected and desirable community.


PRICING & AFFORDABILITY

Full Market Value: £270,000

40% Share Price: £108,000 (rent £391.33pcm)
Minimum 5% Mortgage Deposit (40% share): £
Approximate Service Charges: £540pcm*
Lease: 119 years

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:

• 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.

** This home can also be purchased outright (100% of the value) which is £270,000 and a purchaser would not need to meet the eligibility criteria listed above.