The Thorpebury in the Limes development is situated in the new village of Thorpebury located off Barkbythorpe Road, Leicester and surrounded by countryside. This new community is some 20 minutes drive from Leicester City. It has local shops with large supermarket close by.

The Property

Semi detached houses, entrance into lounge with staircase off to first floor, fitted dining kitchen with contemporary wall and base units, lobby to rear, cloakroom/wc. To first floor accommodation comprising 4 bedrooms, family bathroom/wc.  Rear fenced garden and parking.

Prices

Plots 71, 72
4 Bedroom semi detached houses - £350,000

£122,500 for a 35% share (deposit from £6,125)
Monthly Rent on remaining share £521.35

£175,000 for a 50% share (deposit from £8,750)
Monthly Rent on remaining share £401.04

£262,500 for a 75% share (deposit from £13,125)
Monthly Rent on remaining share £200.52

NEXT STEPS:

Please pre-register your interest for this development, we will contact you as soon as we have any further 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.

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