Meadowcroft Farm in Nuneaton
by Midland Heart Housing Association
2 & 3 bedroom houses
£78,750 - £98,000 for a 35% share
(£225,000 - £280,000 Full Market Value)
Nuneaton, Warwickshire, CV11 6YW
Affordable Homes - Exclusive to Midland Heart
A selection of Brand New 2 & 3 Bedroom Houses available to buy on Shared Ownership.
These properties are located on a new development on the desirable north eastern edge of Nuneaton, close to the A5. The location offers easy access to the A5 & M69. Nearby Nuneaton and Hinckley offer local amenities, shops & restaurants.
• 2 Bedroom Houses from £78,750 for a 35% share
• 3 Bedroom Semi-detached Houses £98,000 for a 35% share
• 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.
The properties are well positioned for Nuneaton Town Centre (3.3 miles) and Hinckley Town Centre (3.5 miles). The location offers easy access the A5 & M69. Nearby Nuneaton and Hinckley offer local amenities, shops & restaurants.
Prices
2 Bedroom from £225,000 (100%)
35% share = £78,750 Rent = £335.16
3 Bedroom £280,000 (100%)
35% share = £98,000 Rent = £417.08
Plus the following monthly charges:
Management Charge: £22.00
Buildings Insurance: 2 bed £17.30; 3 bed £19.76
Estate Charge: £5.53
Shared Ownership enables you to buy a share of your home and pay rent on the remaining share. The share you can buy ranges 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 our target share of 35% and is for illustration purposes only (to give an indication of the cost of purchase, rent, etc); it is not the minimum or maximum that is available for purchase. Other 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.
Example Shared ownership share price options
The following table shows examples of the share price range of this development at various share points
| Share | Lower price | Upper price |
|---|---|---|
| 35% share | £78,750 | £98,000 |
| 40% share | £90,000 | £112,000 |
| 45% share | £101,250 | £126,000 |
| 50% share | £112,500 | £140,000 |
| 55% share | £123,750 | £154,000 |
| 60% share | £135,000 | £168,000 |
| 65% share | £146,250 | £182,000 |
| 70% share | £157,500 | £196,000 |
| 75% share | £168,750 | £210,000 |
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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