One bedroom ground floor apartment available through Shared Ownership at Wykin Meadow, The Best of Both worlds. Enjoy a village location on the outskirts of the town and the accessibility of the cities of Coventry, Leicester and Birmingham.
Plot 214 is a one bedroom ground floor apartment with one allocated parking space. It has a contemporary open plan kitchen/diner incorporating lounge, one double bedroom and a bathroom.
Legal & General Affordable Homes is offering a unique opportunity to purchase a new home here through Shared Ownership. Thanks to this scheme, you can own your own home with a lower deposit than is required to buy outright or with other buying schemes.
Price Example:
Full market value - £130,000
40% share - £52,000
Rent based on the unpurchased 60% share - £179 per month
Service charge - £121.59
Minimum deposit required - £2600
How Does Shared Ownership Work
The Shared Ownership scheme is simple, you buy an initial share of between 40% and 75% of the homes full value and pay a subsidised rent on the remainder. You may purchase further shares (up to 100%) as your circumstances change, should you choose to.
What Is The Eligibility?
You must live, work or have a close family connection within the borough of Hinckley. If you earn or have a household income up to a maximum of £60,000 (or £70,000 in London) per annum, you could be eligible. You can also use Shared Ownership to buy alone or with another person as long as your joint incomes don't exceed the maximum earnings bracket.
Is It Cheaper Than Renting?
Shared Ownership can be cheaper than renting privately as the mortgage cost and low rent usually add up to less than the equivalent rental payments to a landlord.
What If I Already Have A Home?
If you already own a property you would need to have confirmed the sale of your home when you apply to buy via Shared Ownership. Your application would be assessed based on your housing need for you to be considered for Shared Ownership.
Will I Need A Deposit?
Yes you still need a deposit, but only on the percentage of the property you are buying. Mortgage deposits can often be from 5% of the share value.
What Share Is Available To Me?
You can purchase any share from 40% to 75% of the initial purchase price, but some properties may carry specific minimum share restrictions. You will be asked to speak to a financial advisor to assess what share you can buy that is both affordable and sustainable.
Hinckley Town
There's a great choice of local amenities around Hinckley town for all the day-to-day essentials. These include a Morrison's, Halfords and Wickes for those budding interior designers. There are also outlets specialising in health, hair and beauty. There are a wide range of warm, welcoming pubs and cafes to enjoy too, including The Milestone, The Marina, The Tarro Lounge and the Buttercream Tearoom, plus takeaway restaurants for when you want a treat for dinner instead of cooking. The 1902 Café at the Triumph Factory Visitor Experience offers 10% discount to all New Hollycroft Range residents, making your light lunch or barista coffee taste even better.
Schools And Education
If you're seeking a family home with a choice of local schools for your growing brood, then look no further. Here in Hinckley and the surrounding Villages, you'll discover schools for youngsters of all ages, each of them rated 'Good' or 'Outstanding' by Ofsted.
Primary schools, which are all a short walk away from your new home include, Richmond Primary School, Battling Brook Primary and Westfield Infant & Junior School. For older students, secondary schools include Redmoor Academy, Saint Martin's Catholic Academy and Hastings High School. A little further away is the 'Outstanding' Independent school - The Dixie Grammar School for Nursery, Junior and Senior pupils through to Sixth Form (5.7 miles).
For those considering further education, there is a good choice available to you here including North Warwickshire and South Leicestershire College, plus universities in Leicester, Derby, Loughborough, Coventry, Nottingham, Warwick and Birmingham.
Transport
There are excellent road links to Leicester, Coventry and Birmingham via the A5 Watling Street, putting all three cities within easy access of the development, ideal for commuters. The nation's motorway network is also easily reached from your new home, with just a 15-minute drive to the M69, 35-minute drive to the M1 and a 27-minute journey to the M42.
Kitchen/Dining
11' 8" x 11' 1" ( 3.56m x 3.38m )
Lounge
9' 5" x 11' 11" ( 2.87m x 3.63m )
Bedroom
14' 7" x 9' 1" ( 4.45m x 2.77m )
One bedroom ground floor apartment available through Shared Ownership at Wykin Meadow, The Best of Both worlds. Enjoy a village location on the outskirts of the town and the accessibility of the cities of Coventry, Leicester and Birmingham.
Plot 214 is a one bedroom ground floor apartment with one allocated parking space. It has a contemporary open plan kitchen/diner incorporating lounge, one double bedroom and a bathroom.
Legal & General Affordable Homes is offering a unique opportunity to purchase a new home here through Shared Ownership. Thanks to this scheme, you can own your own home with a lower deposit than is required to buy outright or with other buying schemes.
Price Example:
Full market value - £130,000
40% share - £52,000
Rent based on the unpurchased 60% share - £179 per month
Service charge - £121.59
Minimum deposit required - £2600
How Does Shared Ownership Work
The Shared Ownership scheme is simple, you buy an initial share of between 40% and 75% of the homes full value and pay a subsidised rent on the remainder. You may purchase further shares (up to 100%) as your circumstances change, should you choose to.
What Is The Eligibility?
You must live, work or have a close family connection within the borough of Hinckley. If you earn or have a household income up to a maximum of £60,000 (or £70,000 in London) per annum, you could be eligible. You can also use Shared Ownership to buy...
contact us
