William Venables Drive Priorslee, Telford
Shared Ownership £97,000

Is 2025 the year you dream of getting on the property ladder? Are you struggling to find the right home on the Open Market?
SHARED OWNERSHIP can help you, it could be easier than you think and you may only need £4,850 deposit to buy.
Contact us TODAY to find out more.



whg are pleased to announce the Shared Ownership homes at Monkswood, Priorslee, Telford built by Avant Homes - available for Shared Ownership.

Monkswood is located on the edge of the village of Priorslee, bordering open countryside and within easy commute to the modern town of Telford in Shropshire.

Monkswood, Priorslee is a safe place to live and ideal for first time buyers, growing families or if you are looking to down size. If you need to commute to work by car, you
are ideally located just off the A4640, within easy access to the M54 junction to Telford and surrounding areas. For longer journeys, you can take the train from Telford Central
and Oakengates stations.

Priorslee offers a varid selection of local traders, convenience shops, pubs and restaurants, but only a short drive away you can visit Telford offering a larger selection.
If you have children, then you’re going to find an excellent choice of nearby schools to choose from for all ages.

For all the sport lovers or simply enjoy exploring the great outdoors you are well catered for with many Leisure centres offering football, rugby, gym facilities, golf
courses and lovely country walks on your doorstep.

3 bedroom homes available for Shared Ownership sale. 

The property is a modern three bed terrace home consisting of a well appointed kitchen/dining area with double door access to the rear
garden, a spacious living room, benefiting from a front aspect view. Upstairs there are three bedrooms and a modern bathroom suite fitted.

Plot 70 (3 bedroom end terrace house) - estimated to be available by the end of June 2025*
Advertised for 40%** share at £97,000

 Monthly rent on based on 40% share: £333.43

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 June 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***