50% Shared Ownership with Sovereign Homes

Please quote: RB1393. Located within a highly desirable area of Cheltenham very close to the Leckhampton High School is this beautifully presented two-bedroom home offers stylish and well-balanced accommodation over two floors, making it an excellent opportunity for first-time buyers looking to take their first step onto the property ladder.

The ground floor comprises a welcoming entrance hall, a spacious lounge/diner with plenty of room for both relaxing and entertaining, a modern fitted kitchen and a convenient downstairs cloakroom/WC.

Upstairs, the property continues to impress with two generous double bedrooms and a contemporary family bathroom, all thoughtfully designed to provide comfortable and practical living.

Outside, the home benefits from a private enclosed rear garden, perfect for outdoor dining, entertaining or simply enjoying the warmer months. To the front, there is a driveway providing off-road parking.

Ideally positioned, the property enjoys easy access to a wide range of local amenities, including shops, supermarkets, schools and leisure facilities, while Cheltenham Town Centre is just a short distance away, offering an excellent selection of restaurants, cafés, bars and retail outlets. Excellent transport links, including nearby bus routes and convenient access to major road networks, make commuting simple. Combining modern living with a fantastic location, this is a wonderful opportunity to acquire a shared ownership home in one of Cheltenham's most popular residential areas.

Estate Service charge - £30.93 per month
Leasehold
Leasehold rent - £468.82 per month
Remaining Lease - 119 years

Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.

To be eligible for shared ownership you would need to meet the following criteria:

• Your annual household income does not exceed £80,000
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.

*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.

This home can also be purchased outright (100% of the value) which is £325,000 and a purchaser would not need to meet the eligibility criteria listed above.