3 Bed Detached House For Sale

This development will be made up of 22 houses in a mix of

two and three-bedroom homes for shared ownership and

social rent. The sustainable and energy efficient homes will

feature a contemporary design blending a traditional build

with a modern design.



Bishop's Cleeve attracts all groups of potential buyers and the significant growth in the area over the past few years has made this a desirable area for purchasers. The area is situated with easy transport links to the M5, with Bristol to the South and Birmingham to the North as well as commuting links to larger towns such as Cheltenham and the surrounding Cotswolds.



Train stations offering routes to the South West, Midlands and London are available at nearby Ashford and Cheltenham Spa.



The village centre of Bishops Cleeve offers a range of shops, including two large supermarkets, post office, chemist, several retail outlets and two village pubs.



Next to the development is a doctors surgery, gym, convenience shop and variety of other shops.



There’s a selection of Ofsted rated schools in and around Bishop’s Cleeve. For the smaller ones, Bishop’s Cleeve Primary Academy is just under a mile from the development and for older children there is a school 1.2miles away.



Full Market Value is £360,000 for 3 bed homes.



A 50% share of a 3 bed home would be £180,000 with a monthly rent of £412.50 and monthly service charge of £39.20.



Full Market Value is £320,000 for 2 bed homes.



A 50% share of a 2 bed home would be £160,000 with a monthly rent of £366.67 and monthly service charge of £39.20.



‍Our homes are generally advertised at 50% for illustrative purposes only and will be determined by the applicant's affordability.



What is Shared Ownership and do I qualify?



Shared Ownership is a fantastic opportunity for those

who want to get a foot on the property ladder but can't

afford to buy a home on the open market.

It allows you to buy a share in a brand new leasehold

property on a part buy/part rent basis and pay a

subsidised rent on the part that you do not own. After

the initial purchase it is possible to buy further shares and

eventually own these properties outright. Our homes

are generally advertised at 50% for illustrative purposes

but will be determined by the applicant’s affordability.

The maximum share is 75% and rent will charged on the

remaining share. The bigger the share you buy, the less

rent you have to pay. You will need to be able to raise a

mortgage for the share you want to purchase unless you

have sufficient money to enable you to purchase without.

The combined cost of mortgage and rent is often

cheaper than privately renting in the area.