Greendale Road by Legal & General Affordable Homes in Nuneaton

Find your new home at Greendale Road, the best of both worlds

A collection of 2 bedroom Shared Ownership homes in the thriving town of Nuneaton

Charming on the outside and superbly equipped inside, the new homes at Greendale Road are built around your lifestyle including open plan living areas that are full of natural light. Kitchens are streamlined and well equipped with the latest appliances and ample workspace. Bedrooms are elegant and well proportioned while your bathroom offers a powerful shower, attractive tiling and bold, modern fittings.

Close to the edge of Nuneaton, you get the best of both worlds with great connections to Coventry, Leicester and Birmingham as well as the open fields of the countryside on your doorstep.

Homes at Greendale Road will be ready to move into from Winter 2021.

Price breakdown:
• Full market value: £230,000 - £235,000
• 40% Share Value: £92,000 - £94,000
• 5% deposit of 40%: £4,600 - £4,700
• Rent on unowned share: £316- £323 per month
• Service Charge: £49 per month
• Anticipated Household Income to Purchase 40%: £28,070 - £28,643

Key Features:
• NHBC 12 year build quality
• 2 parking bays per home
• Private rear garden
• Integrated appliances

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 Greendale Road, 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
• Eligible buyers must also be registered with Help to Buy

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 CGI dressed interior images shown are representative from another similar development and do not show the actual homes at Greendale Road