Property Details: • Type: Semi-Detached • Tenure: LEASEHOLD • Floor Area: 1022 sqft
Key Features: • Allocated parking • East facing garden • Garden room • Nearby local amenities and green open spaces • Open plan living • Semi-detached 3 bedroom house
Location: • Nearest Station: Honeybourne Station • Distance to Station: 4.6655915272163755 miles
Agent Information: • Address: Covering Nationwide
Full Description: <p>Highlight Housing, The Affordable Homes Agency, working with Legal & General Affordable Homes, is pleased to present this well-maintained three bedroom Shared Ownership resale home at Wharrad Close, Bidford-on-Avon, Warwickshire. The price shown represents purchasing a 50% share of the property.</p><p><strong>Property Overview</strong></p><p>Offering approximately 1,022 sq ft of accommodation, this spacious three bedroom home combines practical living space with flexible rooms to suit modern lifestyles, all within a popular residential setting.</p><p>The ground floor comprises a welcoming entrance hallway, convenient cloakroom and a bright and spacious sitting room, providing an excellent space to relax and entertain. To the rear of the property, the generous kitchen offers ample worktop and storage space, with direct access to the garden room.</p><p>The garden room provides a versatile additional reception space that could be used as a dining area, home office, playroom or family room, adding valuable flexibility to the ground floor accommodation.</p><p>Upstairs, the property offers three well-proportioned bedrooms, including a generous principal bedroom with built-in storage. Two further bedrooms provide flexible space for children, guests or home working. A modern family bathroom with a bath and overhead shower completes the first floor.</p><p><strong>Financial Breakdown</strong></p><ul><li>Full Market Value: £250,000</li><li>50% Share Value: £125,000</li><li>Rent on unowned share: £375.89 per month</li><li>Estate Charge: £0.00 per month</li><li>Buildings Insurance: £25.53 per month</li><li>Management Fee: £0.00 per month</li><li>Reserve Fund: £0.00 per month</li><li>Total Monthly Payment (excluding mortgage): £401.42 per month</li><li>Lease Length: Approximately 80 years remaining</li></ul><p><strong>Local Area</strong></p><p>Wharrad Close is located in Bidford-on-Avon, a large Warwickshire village on the River Avon, approximately seven miles from Stratford-upon-Avon. The property benefits from easy access to the village centre and a range of everyday amenities, alongside riverside walks, parks and surrounding countryside. </p><p>The village is well positioned for access to Stratford-upon-Avon, Alcester and Evesham, with the wider road network providing connections across Warwickshire and Worcestershire. This combination of village surroundings and access to nearby towns makes the area particularly well suited to families, first-time buyers and those looking for a quieter setting while remaining well connected.</p><p><strong>What is Shared Ownership?</strong></p><p>Shared Ownership offers a more accessible route to homeownership by allowing you to purchase a share of a property's value, while paying a subsidised rent on the remaining share.</p><p>Over time, you may choose to buy additional shares in your home through a process known as staircasing, potentially increasing your ownership up to 100%. Deposits and mortgage payments are based on the share purchased, meaning costs are often lower than buying outright or renting privately.</p><p>Legal & General Affordable Homes is a Registered Provider delivering Shared Ownership homes and committed to creating well designed communities and supporting buyers throughout their home buying journey.</p><p><strong>Eligibility Criteria</strong></p><p>To be eligible for Shared Ownership, you will need to:</p><ul><li>Have a combined household income under £80,000 per annum.</li><li>Not already own a property, or part of a property, at the time of completing your purchase.</li><li>Be unable to purchase a suitable home to meet your housing needs on the open market.</li></ul><p>This resale opportunity offers a chance to buy an established home through the Shared Ownership scheme, providing a more affordable and flexible way to get onto the property ladder.</p><p><strong>About Highlight Housing</strong></p><p>We are The Affordable Homes Agency.</p><p>Finding an affordable home should not feel impossible. Highlight Housing exists to improve access to good-quality, safe, affordable homes for sale and rent across the UK, working with trusted housebuilders, housing associations, private sellers and landlords.</p><p>With over 15 years' experience across shared ownership, shared equity, mid-market rent and rent to buy, we provide clear, practical guidance that helps people understand what is genuinely within reach.</p><p>Our focus is on supporting individuals and families to move forward with confidence into a secure, well managed future home they can afford.</p><p><strong>Shared Ownership Disclaimer</strong></p><p>Shared Ownership is subject to eligibility, affordability checks and the terms of the lease. Rent is payable on the share not owned, along with any applicable service charges and other outgoings. Staircasing is subject to a valuation at the time of purchase and additional legal and valuation costs may apply. Priority may be given to applicants with a local connection. All information provided is for guidance only and does not form part of any contract.</p>
