Part of the Brindley Meadows development
Use the Shared Ownership mortgage calculator to estimate the cost of buying this home
Introducing Brindley Meadows, situated in the charming village of Hawkesbury.
Boasting a collection of 1, 2, 3 & 4 bedroom homes available for Shared Ownership. Brindley Meadows is perfectly connected in every direction making it a home buyers dream.
About the development:
Whatever your reasons for moving home, Brindley Meadows offers the perfect mix of properties to suit all needs.
Buying through Shared Ownership at this development means you can purchase between 25 – 75% of your property, and pay a subsidised rent on the remaining share you don’t own.
Did you know: Shared Ownership offers great flexibility, and you can purchase more of your home through Staircasing whenever you are ready.
About the area:
Hawkesbury Village is nestled just outside of Coventry and has everything you need to settle down and live comfortably with great connections to the city.
Hawkesbury offers great local amenities, a selection of good and outstanding Ofsted rated schools plus quaint country pubs, including The Greyhound Inn that overlooks the canal – within 10 minutes walk of the Brindley Meadows development.
About This Property
The Fradley – 4 Bedroom Detached House – From £144,000 for 40% share
This stunning spacious home comprises of an Entrance Hall, Lounge, W/C, storage cupboard, an open-plan Kitchen Dining Room and separate Utility area. To the first floor, there are Four bedrooms, one of which has the benefit of an Ensuite, followed by a Family bathroom. Additional benefits include allocated parking for two vehicles and an enclosed rear garden.
A local connection is required to Nuneaton & Bedworth
Council Tax TBC – due to these properties being new builds and not being previously occupied the council tax and banding has not yet been set.
Service Charge – A service charge will be charged against the property and is paid monthly with your rent payment. The service charge is reviewed on an annual basis on April 1st. This will include Buildings insurance, management and any communal/estate charges that may be covered (if applicable). The service charge displayed is estimated based on the initial assessment of the scheme, please contact the sales consultant for details.
Ground Rent – Not applicable
Homes England Key Information Document – please refer to our website to read through our key information document for this property. This will include pricing details, eligibility and some lease information.
Shared Ownership is a fantastic opportunity if you're an unable to purchase a home on the open market. It allows you to buy a share in a property on a part buy/part rent basis and pay a subsidised rent on the part that you do not own. Over time, you can purchase more shares in your property – this is known as ‘staircasing’. This can be done at any time after initial purchase and it will reduce the amount of rent you pay, as the share of the home that you do not own will have got smaller.
We will offer shares between 25-75% of the property value depending on the outcome of the affordability assessment. The higher the share you purchase, the lower your rent will be. You will need to be able to obtain a mortgage for the share you want to purchase unless you have sufficient funds to enable you to purchase a share outright. Deposit amounts will be lower than purchasing a property on the open market also the combined cost of mortgage and rent is often cheaper than privately renting in the area.
For more detailed information and your obligations in relation to shared ownership please download our ‘Guide to Shared Ownership’
Am I eligible?
Shared Ownership uses the following criteria to help people to get onto the property ladder:
- Maximum annual household income of £80,000.
- Unable to purchase a home suitable for your needs.
*Please note some images are typical and should be used as a guide only