Lower Lane

Coleford, Gloucestershire GL16 8QQ


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Beautiful 2 & 3 Bedroom Houses in Gloucestershire

minimum share
40%
share value from
£86,000
full value from
£215,000

Lower Lane is a new community of 2 & 3 bedroom homes situated on the edge of the Forest of Dean in the historic market town of Coleford.

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Overview
Features
Floor plans
Local area
Map
Affordability guide
Overview

Next phase now released!

Affordable new homes in a scenic rural location

This new community of 2 & 3 bedroom Shared Ownership homes is situated amongst landscaped grounds and a community park on the edge of the Forest of Dean in the market town of Coleford.

The homes here are perfectly placed to enjoy the best of nature with scenic walks on your doorstep and kayaking, paddle boarding and fishing available in the nearby Wye Valley.

In addition to a wide range of shops, restaurants and pubs, you’ll have all the essential amenities nearby including a Co-op food store, post office, doctor’s surgery and a good choice of schools from nursery upwards.

Located close to the A40, you’ll have a direct route to Gloucester and Cheltenham, with the M4 linking you to Bristol. Nearby cities including Cardiff, Newport and Gloucester are also easily accessible from the nearby Lydney station.

The next phase of homes at Lower Lane will be available to move in late Autumn 2022

For more information, please register or contact our Sales Consultants who will be delighted in helping you find your new home.


Council Tax: TBC
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.

Eligibility Criteria

To be eligible for a home at Lower Lane, 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
Be living / working in the defined Forest of Dean area & not owned a property in the previous 12 months
Features

Explore the highlights of Lower Lane

Integrated Zanussi oven, ceramic hob & stainless steel chimney hood
Good quality flooring
Paved patio area
Turf to rear garden
Two parking spaces per home
Close to town centre
12 Year NHBC Building Warranty
Floorplans

Explore the layout of Lower Lane

Select Bedrooms

Select Plot

Local area

Affordable new homes in a scenic rural location

As well as providing a great range of bike trails nearby, Coleford is also well connected by road, with the A40 providing a direct route to Gloucester and Cheltenham as well as linking you to Bristol and the M4. From here the towns of South Wales, the Brecon Beacons, the South-West and the Midlands are all within easy reach.

The nearest rail station is at Lydney, providing direct trains to Newport and Gloucester. From Gloucester you can be in London Paddington in less than two hours.

Living at Lower Lane, on the border of England and Wales, you’re well connected to both.

For more information, please register or contact our Sales Consultant who will be delighted in helping you find your new home.

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Nearby amenities

Primary School
0.8 miles
Leisure Centre
0.7 miles
Supermarket
1.3 miles
Health Centre
1.3 miles
Children's Nursery
1.7 miles
Bus Stop
1.8 miles
Hospital
4.2 miles
Train Station
9.1 miles
Map

Explore the location of Lower Lane

Display local points of interest

Schools Transport links Restaurants and bars Leisure facilities Shops Parks

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Affordability guide

Estimate Household Income

When looking for your new home, it’s important to understand what you can afford. To help get an idea of the estimated affordability for a home on this development, you can apply the 40% net income approach. In simple terms, this means that a household should not spend more than 40% of their household income to pay for their mortgage, rent and service charge.

2 Bedroom £30,041*

As a rough estimate, the graphics above suggests the household income required to purchase; however, people with a lower income may be able to secure a property if they have a larger deposit. (i.e. if you have a larger deposit saved, where you have higher savings, your household income can be lower than the figure quoted above).

*2 Bed based on a £86,000 for a 40% share

How it works

Shared Ownership is a government-backed scheme which allows first-time buyers – or those who do not currently own a property – the opportunity to purchase a home at a more affordable price.

Affordability Guide graphic for Shared Ownership from Legal And General Affordable Homes based on a 5 percent deposit and a 40 percent share value.

The Shared Ownership scheme is simple – you buy an initial share of  between 25% and 75% of the homes full value and pay a subsidised rent on the remainder.

You may purchase further shares (up to 100%) as your circumstances change, should you choose to.

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