Mercia Reach
Tamworth, Staffordshire B78 3HJ
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View the exact location of this scheme on what.3.words
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2 Bedroom Contemporary Houses in Staffordshire
Overview
Floor plans
Local area
Map
Affordability guide
Overview
New Phase Of Two Bed Houses Just Released!
Welcome Home to Mercia Reach
A beautiful collection of new 2 and 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.
Legal & General Affordable Homes is offering a unique opportunity to purchase a new home here through Shared Ownership. Thanks to this scheme, you can own your own home with a lower deposit than is required to buy outright or with other buying schemes.
The next phase of Shared Ownership homes at Mercia Reach will be ready to move in from Summer 2023.
For more information, please register or contact our Sales Consultant 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 Mercia Reach, 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 in the defined local Tamworth area
Explore the highlights of Mercia Reach
Zanussi electric oven, gas hob and stainless-steel chimney hood
Paved patio area
Turf to rear garden
Garden storage to each plot
Two parking bays per property
NHBC 10 Year Build Warranty
Floorplans
Explore the layout of Mercia Reach
Select Bedrooms
Select Plot Number
Local area
New Phase Of Two Bed Houses Just Released!
Full of local gems in Tamworth, Staffordshire
A great day out is never far from home at Mercia Reach, as adventure seekers will love being just a few miles away from Drayton Manor Theme Park and the Snowdome in Tamworth which offers a wintery adrenaline rush all year round.
For a breath of fresh air, Hopwas Hays Wood and Tameside Nature Reserve are also both nearby for you to explore and enjoy a day in the sunshine.
If you’re looking for an activity full of history and charm, you can visit Tamworth Castle which is home to 15 period rooms dating back to the 1180’s. You can explore the stunning grounds of the castle or enjoy a river walks and picnic. Don’t forget to stop by the adventure play area which is perfect for children who love exploring new things!
You can also enjoy a day at Middleton Hall and Gardens which has everything you need for your next big family day out, from discovering the historic house to running wild in the gardens, there are plenty of family friendly activities along the way.
When you’re ready to explore further afield, you are only a two mile drive to Tamworth Train Station which offers quick links and regular service to Birmingham, Leicester and Wolverhampton. Or, by car you also have easy access to the M42, M6 Toll, A38 and A5. With two nearby airports, Birmingham Airport and East Midlands Airport, you can easily enjoy even more adventures.
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
Gym
0.4 miles
Supermarket
1 miles
Retail Park
1.1 miles
Primary School
1.6 miles
GP Surgery
1.3 miles
Nature Reserve
1.7 miles
Tamworth Rail Station
1.9 miles
Map
Explore the location of Mercia Reach
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 45% net income approach. In simple terms, this means that a household should not spend more than 45% of their household income to pay for their mortgage, rent and service charge.
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 House based on a £96,000 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.
The Shared Ownership scheme is simple – you buy an initial share of between 40% 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.
Next Release Autumn 2023!
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minimum share
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