by Midland Heart Housing Association
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2 & 3 bedroom houses
£65,000 - £75,000 for a 25% share
(£260,000 - £300,000 Full Market Value)
Bidford-on-Avon, Warwickshire, B50 4PU
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Affordable Homes - Exclusive to Midland Heart
A selection of Brand New Two & Three Bedroom Semi-detached Houses available to buy on Shared Ownership.
These properties are located in the popular riverside village of Bidford on Avon, 5 miles south of Alcester, between Stratford-upon-Avon and Evesham.
• 2 Bedroom Houses from £65,000 for a 25% share
• 3 Bedroom Houses £75,000 for a 25% share
• Desirable village location close to local amenities
• Option to buy more shares to own 100% of the property in the future.
Our homes come with an impressive specification as standard including flooring/carpets throughout, modern fitted kitchens with oven & hob, a private garden and parking.
Bidford-on-Avon has amenities for everyday living including, a supermarket, chemist, post office, pubs, restaurants, cafe, dentist, doctor, optician and village school. The village also benefits from the Big Meadow, a 26 acre recreational park by the River Avon. The A46 is located near to the village & offers convenient access to the M5 (J7) and to the M40 (J15).
Prices
2 Bedroom from £260,000 (100%)
25% share = £65,000 Rent = £446.88
3 Bedroom £300,000 (100%)
25% share = £75,000 Rent = £515.63
Plus the following monthly charges:
Management Charge: £22.00
Buildings Insurance: 2 bed £13.42; 3 bed £15.32
Estate Charge: £18.18
Shared Ownership is a government-backed scheme where you buy a share of your home and pay rent on the remaining share. The share you can buy will range between 25% and 75%, depending on what you can afford. This means you'll need a smaller mortgage and deposit to get you started. Once you've brought your new home you can decide to buy more shares in the property. The more shares you buy, the less rent you'll pay. You can keep doing this until you own 100% of your property.
The Price advertised is for the minimum share of 25% and is for illustration purposes only (to give an indication of the cost of purchase, rent, etc); it is not the maximum that is available for purchase. Higher shares are available upon request & will be based on affordability, proceed ability & sustainability.
Buyers will be considered on first come first served basis (assuming affordability, proceed ability & sustainability checks are met). Buyers need to demonstrate maximum affordability which will be determined via a Mortgage advisor prior to any agreed sale.
Amount advertised is subject to change. An additional monthly rental charge applies that includes rent, buildings insurance, estate and management charge but excludes any mortgage payment.
^Images/photographs shown are for illustrative purposes only & simply represent a typical Midland Heart property at this location.
>Floor plans depict a typical layout of this house type and are for illustrative purposes only. They are not intended to be used for carpet sizes, appliance sizes or items of furniture. For exact plot specification, please speak with our Sales Adviser. Some properties may be a mirror image of the plan shown.
The following table shows examples of the share price range of this development at various share points
| Share | Lower price | Upper price |
|---|---|---|
| 25% share | £65,000 | £75,000 |
| 30% share | £78,000 | £90,000 |
| 35% share | £91,000 | £105,000 |
| 40% share | £104,000 | £120,000 |
| 45% share | £117,000 | £135,000 |
| 50% share | £130,000 | £150,000 |
| 55% share | £143,000 | £165,000 |
| 60% share | £156,000 | £180,000 |
| 65% share | £169,000 | £195,000 |
| 70% share | £182,000 | £210,000 |
| 75% share | £195,000 | £225,000 |
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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