Affordable three-bedroom home with garden and long driveway for first-time buyers.
45% shared ownership with £445.06 monthly rent
A modern three-bedroom end-of-terrace finished around five years ago, this home gives first-time buyers a straightforward route onto the ladder via 45% shared ownership. Bright living space and a kitchen/diner suit everyday family life, while three double bedrooms provide flexibility for home-working or growing households. The property extends to about 876 sq ft and includes a rear garden and long driveway with off-street parking for multiple vehicles.
Costs and tenure are central to the offer: you own 45% with an additional monthly rent of £445.06 and a service charge of £73.42 (total £518.48 pcm). There is an option to buy 100% for £315,000, with extra shares available in 5% increments (£15,750 per 5%). The lease has about 121 years remaining and the property is sold as leasehold.
Practical positives include good broadband speeds, nearby schools rated Good, and quick access to local shops and bus links to Leamington Spa. Downsides to consider: this is a shared-ownership leasehold property with ongoing rent and service charges, only one family bathroom, and local crime levels are reported as above average. Buyers should check affordability of rent plus mortgage and seek solicitor confirmation on lease terms before proceeding.
Overall this is a tidy, low-maintenance modern home aimed at people wanting an affordable first purchase in a village-setting close to Leamington Spa. It is best suited to first-time buyers comfortable with shared ownership obligations and looking for a ready-to-move-in property with potential to buy further shares in future.
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