Merestone Way, Coventry
Shared Ownership £101,000

Do you want a new energy efficient home? SHARED OWNERSHIP may be able to help you get on PROPERTY LADDER, it could be easier than you think and you may only need £5,050 deposit to buy.
Contact us TODAY to find out more.

whg are pleased to announce the Shared Ownership homes at Exhall Meadow, Bedworth, Coventry built by Keepmoat Homes - available for Shared Ownership.

Exhall Meadow situated in a tranquil parish setting, offers a range of convenient shops, post office and friendly local pubs. For a day out shopping, the impressive Arena Shopping Park is a short drive away. Alternatively, there are the town centres of Bedworth, Nuneaton and Coventry to explore.
For longer journeys, the M6 is minutes away. This takes you west towards Birmingham, or east to the M1 from which you can travel up and down the country. Birmingham Airport is also nearby.
If you have children, then you’re going to find an excellent choice of nearby schools to choose from. For younger pupils, there is Exhall Cedars Infant School & Nursery, St. Giles Junior School and Wheelwright Lane Primary School rated Good by Ofted. Older students can go to Nicholas Chamberlaine Secondary School and Sixth Form, and The George Eliot Academy rated Good by Ofsted, catchment area may vary.
Exhall Meadow is also the ideal location for sports lovers and those who just like to get out and about. The nearby local park offers a playground, basketball court, football pitch, and playing fields.

2 bedroom end-terrace house available to purchase for Shared Ownership.

The accommodation briefly comprises a front aspect well appointed modern kitchen/dining layout. The spacious living area with rear door allowing in plenty of light and easy access to the garden. Upstairs there are two bedrooms and a modern bathroom suite fitted.

Plot 82 (Two Bedroom End Terrace House)
Advertised share - £101,000 for 40% share - Available from end of January 2025
Monthly rent on remaining share: £347.18

Other shares from 25% - 75% can be purchased subject to an affordability assessment.

**Demand is expected to be high Applications are treated as first come, first served.**

The property is due for build completion from end of January 2025, we're therefore currently unable to offer viewings and will be accepting reservations off-plan.

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.

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 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.

Next Steps:
For further information, please download our brochure below.
Upon receipt of your application, we will refer you for an affordability assessment to determine the most affordable share for you.
Once you have passed the affordability assessment, we will pass your details to our Sales Consultant who will be able to take you through the reservation process.

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

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***