Dakota Drive, Southam
Shared Ownership £90,750

The property is a modern double fronted two bed semi-detached home consisting of a well appointed kitchen/dining layout with
access to the rear garden, also on the ground floor there is a spacious front aspect living area. Upstairs there are two bedrooms, the
principle bedroom benefits from a En-suite, also a modern bathroom suite fitted.

Plot 43 (2 bedroom semi-detached house) - estimated to be available during August 2025*
Advertised for 30%** share at £90,750

 Monthly rent on based on 30% share: £485.26

Monthly service charge - £TBC
**Other shares from 25% - 75% area available and 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 estimated to be build complete during September 2025, we're therefore 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.
Please contact us to request an application form to proceed with your interest. 
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***