2 Bed Detached House For Sale

Shared Ownership

This superb modern home is available to buy from as little as £201,500 with a 65% share!

This charming two-story semi-detached home in Bishops Cleeve offers a comfortable and practical living space for first-time buyers or small families. The property comprises two bedrooms, a family bathroom, and a convenient separate downstairs WC. The ground floor features a bright living area flowing into a well-equipped kitchen, perfect for day-to-day living and entertaining.

Outside, there’s a private garden ideal for relaxing or outdoor activities, plus a driveway with space for two vehicles and including an EV charger at the front.

Bishops Cleeve provides a friendly and vibrant community with local shops, cafes, and pubs within easy reach. Families will appreciate nearby schools and green spaces, while those who enjoy an active lifestyle can take advantage of walking routes, parks, and sports clubs in the area.

Transport links are excellent, with regular buses to Cheltenham and surrounding towns, and easy access to the M5 for commuters heading further afield. Bishops Cleeve also benefits from a close-knit community feel while being just a short drive from Cheltenham’s shopping, dining, and entertainment options.


PRICING & AFFORDABILITY

Full Market Value: £310,000

65% Share Price: £201,500 (rent £235.90pcm)
Minimum 5% Mortgage Deposit (65% share): £10,075
Approximate Service Charges: £45.44pcm*
Lease: 989 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 £310,000 and a purchaser would not need to meet the eligibility criteria listed above.