Just launched in the picturesque Newbold on Stour, Warwickshire, is The Burrows – a charming collection of two-bedroom semi-detached houses available via Shared Ownership.
These beautiful homes are situated in the heart of this idyllic village, yet close to nearby train stations and the M40, which provides great access to Birmingham, Worcester, Cheltenham and Oxford in less than an hour.
As well as being close to an array of shopping and entertainment venues, and local schools for the little ones, The Burrows sits on the doorstep of the Cotswolds – an Area of Outstanding Natural Beauty.
Take a step inside the modern homes and you will be immediately struck by the high-quality finish and premium feel. Each property features a contemporary kitchen with integrated appliances and ample dining space, with a light-filled bathroom or toilet on each floor.
The generous lounge area – perfect for nesting – opens onto the well-presented, turfed rear garden, ready for you to host those summer BBQs.
Not only is the traditional build a mark of classic design, it allows for functionality, too. Each pristine property is provided with two parking spaces. Additionally, the second bedroom is a versatile space which affords you the option to create either a children’s room, guest area or work from home study.
The Government-backed Shared Ownership scheme allows you to purchase one of these stylish properties at a fraction of the market price. Need some further info? Here’s the breakdown:
Let’s say you want to purchase a house at The Burrows, valued at £260,000. With Shared Ownership, you don’t need to pay the full amount. You can opt to purchase a 40% share of the property, valued at £104,000.
When it comes to the deposit, Shared Ownership makes it possible to purchase a house at The Burrows with just a 5% deposit of your 40% share, that’s £5,200.
You then need to secure a mortgage on the outstanding amount.
Furthermore, if after you’ve moved into the property you decided you want to own your home outright, you can increase your share value to 100% – something we call ‘staircasing’.
To take advantage of this incredible opportunity, you can register your interest in The Burrows, here. Or, head to our social media profiles on Instagram and Facebook (@legalandgeneralaffordable) to ask your property questions. #LandGAH #TheBurrowsLGAH