by Legal & General Affordable Homes
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2 bedroom houses
From £96,000 for a 40% share
(From £240,000 Full Market Value)
Worthing Grove, Tamworth, Mile Oak, Staffordshire, B78 3HJ
Simply complete the short form below.
Final Release of 2 & 3 Bed Houses available now.
Welcome Home to Mercia Reach
A beautiful collection of new 2 & 3 bedroom homes available with Shared Ownership in Tamworth, Staffordshire.
Whether you are looking for your first home or need more room to accommodate a growing family, the homes at Mercia Reach are the perfect place to put down roots of your own.
Located within walking distance to the well-known Ventura Park and nearby to Ankerside shopping centre, you will be spoilt for choice with a Sainsbury's and Asda super centre for all of your everyday shopping needs.
There are also Ofsted 'outstanding' rated schools, local markets, a GP surgery, Post Office and restaurants right on your doorstep. Your new home at Mercia Reach is the perfect base to explore all the amenities that Tamworth has to offer.
Looking to save money on bills and live more sustainably? Every home at Mercia Reach has been built with a high standard of insultation that helps keeps your heat in and your bills affordable. Buying a new home at Mercia Reach means your new place is often more energy efficient than an older home of the same size giving you the best of both worlds.
For more information, please register or contact our Sales Consultant who will be delighted in helping you find your new home.
Available to purchase from a 40% share.
Financial Breakdown:
Key Features:
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 Mercia Reach, you'll need to:
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.
* Please note: 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.
NB: Exterior images are of recent Two & Three Bed Houses at Mercia Reach.
The following table shows examples of the share price range of this development at various share points
| Share | Lower price | Upper price |
|---|---|---|
| 40% share | £96,000 | £96,000 |
| 45% share | £108,000 | £108,000 |
| 50% share | £120,000 | £120,000 |
| 55% share | £132,000 | £132,000 |
| 60% share | £144,000 | £144,000 |
| 65% share | £156,000 | £156,000 |
| 70% share | £168,000 | £168,000 |
| 75% share | £180,000 | £180,000 |
Are we missing any purchase information? Contact the developer
Please note: Computer generated images are for illustrative purposes only. Images may include optional upgrades at additional cost. Its purpose is to give a feel for the development, not an accurate description of each property. External materials, finishes, landscaping and the position of garages (where provided), may vary throughout the development. Properties may also be built handed (mirror image). Please ask for further details.
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