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Shared Ownership - Outstanding 2 and 3 Bedroom Houses in Herefordshire
St Mary’s Village is a unique development comprising luxury three-bedroom houses, located in the idyllic town of Ross-on-Wye, Herefordshire. Each property has been thoughtfully designed in keeping with the traditional look of existing housing stock, while perfectly balancing form and function for modern living. The result is a selection of beautifully-appointed homes that are ideal for young families and those otherwise looking to get on the property ladder.
But what really sets St Mary’s Village apart are the amenities – including open green spaces, play areas, and a community hub – that support lifestyle living and a strong sense of community. Less than a mile from St Mary’s Village is some of Herefordshire’s most beautiful countryside, nestled in the fertile Wye Valley. From rambling on the numerous trails to canoeing on the River Wye to adventures in the nearby Forest of Dean – living at St Mary’s Village gives you direct access to some of England’s most beguiling beauty spots.
Key features:
• Integrated hob and oven
• Turf to rear garden
• Paved patio area
• Allocated parking for two cars
• NHBC 12 year warranty
Price breakdown:
Minimum share: 25%
Minimum share value: £53-125 - £64,375
Full market value: £212,500 - £257,500
Estate charge per year: £662.79
Monthly rent on un-owned share: £365 - £663
What is Shared Ownership?
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).*
Eligibility criteria:
To be eligible for a home at St. Mary's Village, you’ll need to:
• Have a gross household income of no more than £80,000 per annum
• Be unable to purchase a suitable home to meet your housing needs on the open market
• Not already own a home or you will have sold your current home before you purchase
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.
The images shown are indicative and intended to act as a guide only.
