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Cotterstock Meadows, Oundle

A brand new collection of two and three-bedroom new build homes for sale in Oundle in Northamptonshire.

Available
Buy from £114,000 For 40% Share

Available properties

Two and three-bedroom homes available via shared ownership.
View available homes
  • Amenities Nearby
  • Countryside Location
  • First Phase
  • Schools Nearby
  • Transport links
  • Viewings Available

The development

Introducing Cotterstock Meadows, a beautiful new development at the heart of Northamptonshire, comprising modern two and three-bedroom homes.

Set amidst beautiful Northamptonshire countryside and just minutes from the market town Oundle, Cotterstock Meadows is the definition of countryside escape.

Each of the two and three-bedroom properties within the development is designed with a truly contemporary lifestyle in mind; maximising modern design, natural light and sustainable features to create your dream space.

Oundle is just minutes away, the quintessential market town that offers everything you’d expect: a safe environment, buildings full of history and plenty to keep you occupied.

Cotterstock Meadows will add new affordable homes to a highly desirable part of the country, whilst also establishing a new benchmark for quality in the local market, ensuring that more people can buy their dream home in Northamptonshire.

Modern Kitchen in The Holly

Take a Tour around The Holly

Take a look inside

Brochure

Brochure

Cotterstock Meadows, Oundle Site plan

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Take a Tour of Cotterstock Meadows

Explore both Cotterstock Meadows and Oundle, a beautiful collection of two and three-bedroom homes in the quintessential market town.

Download Development Brochure

Discover Oundle, Northamptonshire

Oundle is the quintessential market town, situated at the heart of Northamptonshire. With a population of just over 6,000, it offers a rich heritage, a safe environment and a relaxed pace of life.

The town is home to everything you’d need for daily life: a range of independent shops, three supermarkets, pubs, restaurants, cafes, a bank, library and four schools (all rated Good by Ofsted), including a highly renowned public school.

At the same time, Oundle is also blessed with exceptional natural beauty. Surrounded by Northamptonshire countryside, it’s home to plenty of walking routes, cycling trails and opportunities for kayaking thanks to its proximity to the River Nene.

With a rich heritage and buildings full of character, Oundle is a fantastic place for new families who are looking to settle down, offering both safety and vibrancy in equal measure.

Getting around Oundle is easy thanks to the town’s abundance of road links and a regular bus service that connects nearby towns and villages. Peterborough and Corby are also just 20 minutes away, both of which have train stations offering links to larger destinations.

Local Area Information

There are four schools near Cotterstock Meadows.

Both Oundle C of E Primary School and Glapthorn C of E Primary School serve younger children, while Prince William School serves as the area’s secondary school.

Oundle School is an independent school that serves children aged 11 onwards.

Cotterstock Meadows is located just off the A605 and is also within easy reach of the A1(M), which provides links to Peterborough and Northampton. The A14 is also nearby, which provides access to Thrapston and Corby.

While it doesn’t have a train station itself, Corby and Peterborough both do, which provide access to the larger rail network as a whole.

Oundle is near two major airports. Both East Midlands Airport and Luton Airport are just over an hour away by car.

In terms of things to do, you’re never short of activities in Oundle. The town has plenty of independent shops around West Street and New Street, as well as a regular Farmer’s Market that’s a huge hit with locals. If you’re looking for some culture, there are also three art galleries in the area, as well as the Heritage Trail, where you can learn about Oundle’s history.

For sports enthusiasts, there are plenty of options. Oundle Golf Club is an 18-hole parkland course, the new Sports Centre offers plenty of classes and the town is also blessed to have several large sports clubs: Oundle Town Cricket Club, Oundle Rugby Club and Oundle Town Football Club.

If you’re looking to eat out, you’ll find several restaurants serving different cuisines, including Indian, Italian and Pan-Asian, all sitting alongside cosy cafes and traditional pubs such as the Ship Inn and the George Inn.

Why Choose Shared Ownership in Northamptonshire?

Shared Ownership is ideal if you’re unable to buy a home on the open market - it provides the opportunity to buy a share in a property on a part buy/part rent basis, meaning you pay a subsidised rent on the part you don’t own. 

Over time, you can then buy more shares in the property via a process known as staircasing. This can be done at any time, meaning you have complete flexibility over your own home ownership. 

With Shared Ownership, deposit amounts are typically lower than purchasing a property on the open market and the combined cost of mortgage payments - plus subsidised rent - is often cheaper than privately renting in the area.

Am I eligible?

Shared Ownership uses the following criteria to help people get a foot on the housing ladder:- Maximum annual household income of £80,000

One of the following statements must also be true:

  • You’re a first-time buyer
  • You used to own a home but can’t afford to buy now
  • You’re forming a new household - typically after a relationship breakdown
  • You’re already part of the Shared Ownership scheme but want to move
  • You own a home and want to move but can’t afford the new home that meets your needs

Shared Ownership Affordability Calculator

Property Details

£
%
%
£3,125
£62,500

Mortgage Details

years
£118,158
£118,158
£118,158

Affordability

£62,500
£62,500
The affordability information above is based on the following monthly costs:
£861
£429.69
£394

The total estimate excludes Service Charges, this can vary across our developments. At the time of application our Sales Consultants will make you aware of associated Service Charges applicable to the property you are interested in.

 Homes at this development are available on the New Shared Ownership Model.
You can purchase between 10% and 75% of the property's full market value. Each home benefits from a 10 year repair period for essential repairs.
You are able to buy more of your home through the Staircasing process, where you can purchase shares in increments of 5%. There is also the option of the 1% Gradual Staircasing Model enabling you to purchase smaller shares each year.

Next Steps

1

Information

For further information, please download our brochure below.

2

Enquire

Please submit an enquiry to Platform Home Ownership and the dedicated Sales Consultant for the development will make contact with you.

3

Apply Now

The Sales Consultant will send you the application form for you to complete. Please return the completed form back to us via email to sales@platformhg.com .

4

Affordability

Upon receipt of your application and once approved we will refer you for an affordability assessment to determine the most affordable share for you.

5

Availability

Once passed, we will then send you an offer letter for your chosen plot where possible


 

Available properties

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Frequently asked questions

Most buyers who can’t afford to buy a home outright can apply to buy through shared ownership.

We may also be able to help if you need to move because of a relationship breakdown or if your work requires you to live in an area outside your price range.

In order to buy through the Shared Ownership scheme, you must be able to demonstrate that you can afford and sustain home ownership. If you proceed with Shared Ownership you will be required to undertake an affordability assessment.

You must meet our adverse credit policy, if you have a history of adverse credit you are unlikely to be accepted depending on individual circumstances.

Shared owners still have to pay many of the usual costs involved in buying a home.

Reservation fee

We will ask you for a £250 deposit to reserve your chosen home. When the sale goes through we put this towards your purchase payments. However, we cannot refund it if the sale does not go through.

Mortgage deposit and fees

Most mortgage lenders will ask for a 5% or 10% deposit towards the price of the share you want to buy. They are also likely to charge a valuation fee and administration fees.

Legal fees

Solicitors’ charges can vary so it is best to get a few estimates. You will also have to pay Land Registry and local search fees, and may have to pay stamp duty depending on the value of the property.

After you've moved in

You also need to budget for the ongoing costs of owning a home.

Mortgage repayments

You will have to make monthly mortgage repayments to your lender. Depending upon the type of mortgage you have, these repayments may vary as interest rates change.

Rent

You pay a subsidised monthly rent to us on the share of your home which we own. The amount is reviewed on the 1st April each year.

Service charges

You will have to pay a small charge if your home has any facilities or communal areas which we maintain, such as shared entrance halls, lighting and grounds. Your service charge will also include your buildings insurance and your management fee.

Household bills

These include your council tax and utility bills for water, gas and electricity.

Repairs

We will arrange for any defects on new-build homes to be repaired during a set time period. After that time has elapsed, you will be responsible for arranging and paying for all repairs to your home.

Home contents insurance

We provide buildings insurance with the cost of your service charge but this does not cover your belongings. We strongly recommend you arrange your own home contents insurance.

Much will depend on your other financial commitments and what property/share you want to buy. We don't want you to be overstretched, so we need to be sure that you can afford to pay your mortgage and rent. We look at each application individually and will advise you on your options.

Shared ownership schemes are backed by government funding to help people on smaller incomes. So you will not qualify for most shared ownership schemes if your household income is less than £10,000 or more than £80,000 a year.

On the property listings for some of our shared ownership homes, you will see that we state a local connection to the area is required.

This generally applies in rural areas and small villages where land has been made available specifically for affordable housing to meet the needs of local people, rather than for private development.

These are known as ‘rural exception sites’ or 'protected areas' and are controlled by ‘Section 106 Agreements’. They aim to help local people and families afford homes in the area where they grew up.

The local connection criteria can vary between different developments, but is usually based on the following:

applicant was born in the area and has lived there for a number of years

applicant has permanently lived in the area for a number of years

applicant used to live in the area for a number of years but had to move away because of the lack of affordable housing

applicant has been permanently employed in the area for a number of years

The number of years is usually between 2 and 5, although this differs by local authority

Usually priority is given to applicants with a local connection to the parish. If there are still properties remaining, allocation will be opened up to surrounding parishes and then to the whole of the local authority area. This ensures that the homes are occupied by residents as local to the area as possible.

If you want to find out more about the local connection criteria for a particular development, or check if you qualify, please email sales@platformhg.com

Yes you can, once you have moved into your Shared Ownership property, providing you can afford it, you are able to buy more of your home through the process of Staircasing.