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3 Woodland Way, Cubbington, Leamington Spa

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Resale
Shared Ownership

Please note that all sales particulars and images are for marketing and illustrative purposes only. Plans, computer generated images and photos may contain elements which are not present upon the final completion of the property.

Shared ownership resale

Please note, the majority of our shared ownership homes undergo a rent review in April 2024. The review will depend on the shared ownership lease, but the majority will see a 9.4% uplift to the rent. We will confirm the exact changes to the rent for this property as part of the sales process.

  • 2 Bedroom House
  • Full market value- £285,000
  • Share value- £213,750
  • Minimum income- £51,271
  • Minimum savings- £13,187
  • Estimated mortgage- £1234
  • Rent- £165.52
  • Service charges- £23.58
  • maximum share-100%
  • Council tax band - C
  • 123 years remaining on lease
  • parking for 2 cars on drive
  • Gas central heating
  • Broadband coverage- fibre

    £213,750 for a 75% share

    Open Market Value: £285,000

    From £166 per calendar month

    Service Charge: £23.58

    Shared ownership resale

    Available on shared ownership 1

3 Woodland Way, Cubbington, Leamington Spa









This is a semi detached property with 2 double bedrooms. There are no houses in front so you can enjoy lovely countryside views. Downstairs there is a WC, lounge, and kitchen diner, and upstairs there are 2 double bedrooms, and a bathroom.



The property benefits from a driveway with space for 2 cars, and a rear garden.















Please note, the rent and service charges are due to be reviewed on 1 April 2024 in line with the shared ownership lease. We will let you know as soon as possible what the new charges will be.



Viewings

The seller is currently accepting viewings and if you would like to arrange a viewing, please contact the seller on the details below.

Seller Name: Chloe Dore

Seller Contact Details: chloed1604@gmail.com or 07549396705

As a shared ownership home, you will need to be eligible for Shared Ownership.

As a reminder, to be eligible for shared ownership you will need to evidence:

• your household income is £80,000 a year or less (£90,000 a year or less in London)
• you cannot afford all of the deposit and mortgage payments for a home that meets your needs
One of the following must also be true:
• you’re a first-time buyer
• you used to own a home but cannot afford to buy one now
• you’re forming a new household - for example, after a relationship breakdown
• you’re an existing shared owner, and you want to move
• you own a home and want to move but cannot afford a new home that meets your needs

Please take note of the minimum income, £51,271 and minimum deposit £13,187 for this property.

If you make a successful offer to the seller after your viewing, they will let us know and we will then be able to refer you for a financial assessment with an Independent Financial Advisor. This is compulsory for all Shared Ownership purchases and does not interfere with any mortgage arrangements you have already made. They will complete an assessment but you are not obliged to use them afterwards to arrange your mortgage, but can if you wish.

Please let us know if you need any further information and good luck with your viewing.

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Interested in buying a shared ownership home? Follow our simple three step guide     Find out more about shared ownership

What is shared ownership? Your questions answered     Find out about shared ownership

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