7 Chapman Close

Property Overview

Offering approximately 637 sq ft of accommodation across two floors, this two-bedroom end-terrace home provides a practical layout with well-proportioned living space.

The ground floor opens into a welcoming hallway, with a fitted kitchen positioned at the front of the property. A convenient downstairs Wc is also accessed from the hallway.

To the rear is a spacious lounge measuring approximately 14’1” x 11’6”, providing plenty of room for relaxing and entertaining. French doors open directly outside, bringing natural light into the room and providing access to the outdoor space.

Upstairs, the principal bedroom measures approximately 12’2” x 9’5” and benefits from built-in storage. The second bedroom measures approximately 14’1” x 6’0”, offering flexibility as a bedroom, nursery or home office. A family bathroom with a bath completes the first-floor accommodation.

This established home offers an excellent opportunity for buyers looking to purchase through Shared Ownership in the popular Leicestershire village of Markfield.

Financial Breakdown

• Full Market Value: £220,000
• 40% Share Value: £88,000
• Rent on Unowned Share: £283.32 per month
• Service Charge: £0.00 per month
• Estate Charge: £0.00 per month
• Buildings Insurance: £20.23 per month
• Management Fee: £34.89 per month
• Reserve Fund: £0.00 per month
• Total Monthly Payment (excluding rent): £55.12 per month
• Total Monthly Rent & Charges: £338.44 per month
• Lease Length: Approximately 115 years remaining

What is Shared Ownership?

Shared Ownership offers a more accessible route to homeownership by allowing you to purchase a share of a property’s value, while paying a subsidised rent on the remaining share.

Over time, you may choose to buy additional shares in your home through a process known as staircasing, potentially increasing your ownership up to 100%. For this property, the freehold will transfer to you upon reaching 100% ownership.

Deposits and mortgage payments are based on the share purchased, meaning costs are often lower than buying outright or renting privately.

Legal & General Affordable Homes is a Registered Provider delivering Shared Ownership homes and committed to creating well designed communities and supporting buyers throughout their home buying journey.

Eligibility Criteria

To be eligible for Shared Ownership, you will need to:

• Have a combined household income of £80,000 or less.
• Be unable to afford the deposit and mortgage payments required to purchase a suitable home outright.
• Meet the applicable Shared Ownership eligibility requirements.

If you currently own a property, its sale must complete on or before completion of your Shared Ownership purchase. Your finances and credit history will also be assessed to ensure the mortgage and rental payments are affordable and sustainable.

Shared Ownership Disclaimer

Shared Ownership is subject to eligibility, affordability checks and the terms of the lease. Rent is payable on the share not owned, along with any applicable service charges and other outgoings. Staircasing is subject to a valuation at the time of purchase and additional legal and valuation costs may apply. Priority may be given to applicants with a local connection. All information provided is for guidance only and does not form part of any contract.

Local Area

Chapman Close is situated in Markfield, a well-established village in Leicestershire offering a range of everyday amenities and convenient access to the surrounding towns and countryside.

The village provides local shops, schools and community facilities, while nearby road connections make travelling to Leicester, Coalville, Loughborough and surrounding areas straightforward.

Markfield is also well positioned for access to the wider Leicestershire countryside, providing a balance between village living and convenient connections to larger employment and leisure destinations.