Watery Lane, Newent

A selection of 2 and 3 bedroom homes with Rent to Buy, coming soon

Coming Soon
Price to be advised

Available properties

Two & three bedroom houses
  • 10 year build warranty
  • Amenities Nearby
  • Countryside Location
  • Schools Nearby
  • Transport links

The development

This beautiful new scheme consists of 2 and 3-bedroom homes, all created to the same high standard you’d expect of a Platform development and available through Rent to Buy.

With beautiful surroundings, the heritage of Newent on your doorstep and just 20 minutes from Gloucester, Watery Lane is the ideal development for homebuyers that want to live amongst a quiet, safe community in one of the most picturesque regions in the country.

Prices to be advised, register your interest to be the first to hear

*Please note some images are typical and should be used as a guide only

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A Complete Guide to Rent to Buy

Achieve home ownership

Platform Home Ownership Show Home
Stallings Place Show Home

with the help of Rent to Buy

Site plan

Status

Available

Sold/Reserved

Coming soon

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Local Area Information

The nearest school to the development is Newent Community School, which is a secondary school and a sixth form for 11-18 year olds. The most recent inspection by OFSTED gave them a rating of 'Good'. 

Newent offers a selection of primary schools further into the town for residents with younger children. 

Newent has it's own bus service which runs like a normal bus service, there is a train station just 10 miles away. The main road for Newent is the M50. Newent has close links to Gloucester

Newent thrives as a market town, boasting a rich array of independent retailers that cater to various needs. These include Country Corner for clothing, Gooch Sports & Leisure, Bookster Tailoring, Wyedean Wholefoods, The Runcible Spoon Deli & Café, as well as Ingrams, offering a minimum waste and artisan food shopping experience.

Next Steps

1

Information

For further information, please download our brochure.

2

Apply now

Please make an enquiry to contact Platform Home Ownership, the relevant sales consultant will then send you an application form to complete.

3

Supporting documents

Send your application form, ID, 3 months bank statements and pay slips (or P60) to sales@platformhg.com.

4

Availability

Once you have passed the credit reference check carried out by a third party letting agent, we will send you an offer letter to confirm your plot.

5

Options Agreement

We will ask you to sign an Options Agreement to confirm your intention to save a deposit and purchase your home when financially possible.

Available properties

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Frequently asked questions

The costs involved in a Rent to Buy scheme are similar to that of the traditional letting process. The upfront costs are as follows:

Deposit: You will have to pay the equivalent of five weeks rent as a deposit, which is then held in the Deposit Protection Scheme (DPS).

Rent: You will have to pay the rent for the remainder of the month from the start of your tenancy sign-up date, alongside one month’s rent in advance.

You may have to pay a reservation fee to reserve your property but this is typically deducted from the first month’s rent.

During your tenancy, you’re responsible for all of the utility bills associated with the property while you’re a tenant. This is generally council tax, water, gas, electricity and internet.

When you formally purchase the property as part of the Rent to Buy scheme, you’ll also take on the usual costs associated with purchasing a property - such as Stamp Duty, conveyancing fees, valuation fees and any administration costs such as the mortgage application.

The answer to this question depends on your own individual circumstances but if you have a good credit score and reliable income each year, Rent to Buy is a practical way of getting on the property ladder if you cannot save enough for a deposit.

The most important consideration is your personal timeline. While five years may be plenty of time for you to save, house prices could rise during that period which means you pay more. If you buy sooner, however, you have less time to take advantage of the discounted rental rate and build up your deposit.

You also have to consider availability. The availability of Rent to Buy properties depends on the local authority or housing association you’re working with. While the scheme offers many benefits, you may not have the same amount of choice as you usually would in the open market.

If you do find a suitable property, make sure that you’re truly happy with it if you’re considering Rent to Buy. This is a scheme designed for the long-term and if you compromise on area or size, you risk the success of your Rent to Buy agreement if you quickly outgrow it.

If an existing homeowner is experiencing exceptional circumstances - such as the breakdown of a relationship - then they’re eligible for the Rent to Buy scheme. In these exceptional instances, it’s down to the homeowner to demonstrate they're unable to purchase a home on the open market and require the support of Rent to Buy.

This depends on the scheme but generally, while you’re renting, repairs are taken care of by the housing association. It’s your responsibility, however, to keep the property in good order, ensure the property is well-maintained and the garden is cared for.

While you’re in the Rent to Buy agreement, any service charge is included in the rent. Once you purchase the property, however, you may have to pay a service charge which is discussed with you prior to the purchase.

The typical tenancy agreement that you will see on a Rent to Buy property is an Assured Shorthold Tenancy, which runs on a periodic basis.