Hotspur Gardens, Upper Lighthorne, Warwickshire, CV33 Property for sale

Bamford Park in Lighthorne, just south of Leamington Spa is a brand new development of 2 and 3 bedroom semi-detached and terraced homes available to purchase for shared ownership with *5% deposit paid developer incentive available.

Price example:

Plot 22 (Audley Housing Type)

Share price based on 35%

Full market value - £370,000

Share price - £129,500

Rent per month (inclusive of service charges) £597.40

Lease term 125 years

Minimum deposit required £6,475

Disclaimer – Please note that an 80% staircasing restriction applies to these homes

What is shared ownership?

Shared Ownership is a government-backed scheme designed to help people who cannot afford to buy a suitable home outright.

It’s often described as part-buy, part-rent:

• You buy a share of your home (usually between 10% and 75%)

• You pay rent to Citizen on the share you don’t own

• You’re an owner-occupier and hold a lease on the property

Benefits of Shared Ownership

• A lower deposit and mortgage compared to buying outright

• The opportunity to increase your share over time (known as staircasing)

• More security than private renting

• The chance to benefit if your home increases in value

Shared Ownership is usually available if:

• Your household income is £80,000 or less (or £90,000 or less in London)

• You cannot afford to buy a suitable home on the open market

• You have a good credit history and enough savings for a deposit (usually 5–10% of the share you’re buying)

• You can afford the ongoing costs of owning a home

Existing homeowners may still be eligible, but you’ll normally need to be selling your current home and show that it doesn’t meet your needs.

Disclaimer:

5% deposit paid at Bamford Park. This incentive is not in conjunction with any other offer, and is based on the advertised share only and not increased share percentages you may be able to afford to buy.

All homes are available to purchase with shared ownership, in the village of Lighthorne located in heart of the Warwickshire countryside. This delightful village has a local shop for your essentials and a pub where you can relax over a drink.

There are several schools close by, Lighthorne Heath Primary School and 5 miles away Kineton High School, both Ofsted rated ‘Good’. Southam College is just 10 miles away and is regarded by Ofsted as ‘Outstanding’

Situated approximately 6 miles from the Royal town of Leamington Spa, and a short distance to Warwick, Stratford upon Avon and further afield Banbury.

You will find plenty to see and do, from shopping, dining, enjoying a drink or taking in the local history. There are plenty of recreational facilities to suite all ages in the surrounding areas, including the British Motor Museum, Warwick Castle, The Royal Shakespeare Theatre, race courses in both Warwick and Stratford, leisure centres and cinemas to name but a few. Banbury is easily accessible from Bamford Park, just down the M40 motorway, where you’ll find a retail park with several large high street stores.

With the M40 being less than 2 miles away from these new homes, this provides transport links to Oxford, Birmingham, Banbury and London. The nearby A46 takes less than 30 minutes to reach Coventry. Birmingham airport is approximately 45 minutes away by car via the M40/M42.

The train station at Leamington Spa has regular connections to London Marylebone. Local buses passing through Lighthorne take you to Leamington, Kineton, Stratford, Fenny Compton, Gaydon and Banbury (No 77 & 77A)

*Disclaimer: Select images in this listing have been digitally enhanced or virtually staged to show how the home could look when furnished. Actual property layout, finishes, and features may vary.