Lower Lane by Legal & General Affordable Homes in Coleford

Final 2 Bed Home Available To Move In Now. 
Affordable new Shared Ownership homes in a scenic, rural location.

This new community of 2 & 3 bedroom homes is situated amongst landscaped grounds and a community park on the edge of the Forest of Dean in the market town of Coleford.

The homes here are perfectly placed to enjoy the best of nature with scenic walks on your doorstep and kayaking, paddle boarding and fishing available in the nearby Wye Valley.

In addition to a wide range of shops, restaurants and pubs, you'll have all the essential amenities nearby including a Co-op food store, post office, doctor's surgery and a good choice of schools from nursery upwards.

Located close to the A40, you'll have a direct route to Gloucester and Cheltenham, with the M4 linking you to Bristol. Nearby cities including Cardiff, Newport and Gloucester are also easily accessible from the nearby Lydney station.

Final 2 Bed Home Available To Move In Now. 
 

For more information, please register and our Sales Consultant will be delighted in helping you find your new home.

Financial Breakdown: 

• Full Market Value: £230,000
• 40% Share Value: £92,000
• 5% deposit of 40%: £4,600
• Rent on unowned share: £316
• Service Charge: £76.11
• Council Tax Band: TBC*

Key Features From Previous Phase:

• Integrated Zanussi oven, ceramic hob & stainless steel chimney hood
• Good quality flooring
• Paved patio area
• Turf to rear garden
• Two parking bays per property
• Close to town centre
• NHBC 12 Year Building Warranty

Shared Ownership is a more affordable way to have the security and stability of owning your own home. Shared Ownership is a government backed part buy/part rent scheme designed to help you take that first step on the property ladder. The scheme enables buyers to purchase a share of the value of the home - this is usually between 25 to 75 percent of the value of the property - and pay a subsidised rent on the remaining portion. You have the option to buy a bigger share in the property at a later date (known as Staircasing).

To be eligible for a home at Lower Lane, you'll need to:

• Have a combined household income under £80,000 per annum
• Not already own a property, or part of a property, at the time of completing on your purchase
• Be unable to purchase a suitable home to meet your housing needs on the open market
• Have a minimum of £5,000 to cover the costs of buying a home
• To be eligible buyers must be living / working in the defined Forest of Dean area & not owned a property in the previous 12 month

If you don't meet the eligibility criteria for this development, you may still qualify for a shared ownership purchase at one of our others, so take a look at our website for more information.

Exterior images are from another development and are indicative only of the two & three bedroom house type. External finishes may vary, such as brick colour / render finishes / windows etc. Roof lines may also vary.

*Council Tax: TBC
Council tax bands are often not released until the property is complete. If you need any guidance, please get in touch with our Sales Consultants otherwise the local authority or the developer may be able to help.