***NEW SHARED OWNERSHIP PROPERTIES AVAILABLE IN BISHOPS CLEEVE*** 

The Development

Platform Housing Group are proud to release for sale a range of 3-bedroom properties in Bishops Cleeve. This development is situated on the edge of the Cotswolds Area of Outstanding National Beauty, and is just outside the market town of Cheltenham.  These shared ownership properties are perfect for families and first-time buyers alike, as the site provides rural calm and strong transport links to Cheltenham, Gloucester, and Oxford.

Bishops Cleeve is one of the larger villages in the area and boasts a range of local amenities right on your doorstep. The site has plenty of green spaces surrounding it, with parks playgrounds and a playing field. This is on top of the vast number of fields and woodlands nearby.

For young and growing families, there is two primary schools in Bishops Cleeve and there is a secondary school for older children.

The Property

The accommodation comprises of entrance hall, downstairs w/c, dining kitchen, lounge, three bedrooms, en-suite and family bathroom. The property also benefits from gas central heating and double glazing. There is driveway for two cars, and garden to the rear.

Prices and Availability

The Mountford - 3 Bedroom Semi Detached House - Plot 28

£154,000 for a 40% share

Monthly rent on remaining share £529.36

£192,500 for a 50% share

Monthly rent on remaining share £441.14

£288,750 for a 75% share

Monthly rent on remaining share £220.57

These properties are now built, and viewings will be available once an affordability assessment has taken place.

Other shares can be purchased subject to an affordability assessment. 

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 1^st.  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

NEXT STEPS:

1. For further information, please download our brochure below.
2. TO 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. Upon receipt of your application, we will refer you for an affordability assessment to determine the most affordable share for you.
4. Once you have passed the affordability assessment, we will then be in contact to confirm the availability.
5. If there is a suitable property we will then issue out your offer letter and advice on how to pay your £250.00 reservation fee for your new home.

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 should be used as a guide only***