2 bed terraced house for sale

Gilbert Young Close, Great Oldbury, Stonehouse GL10

Shared Ownership

This superb modern home is available to buy from as little as £121,500 with a 45% share!

This well-proportioned two-bedroom, two-bathroom house offers approximately 840 sq. Ft. Of accommodation, benefiting from a private rear garden and driveway parking. The property provides a practical and versatile layout, making it an ideal choice for first-time buyers, couples or small families seeking a comfortable home.

The accommodation offers generous living space with room for both relaxing and entertaining, alongside a kitchen and two well-sized bedrooms. The benefit of two bathrooms adds further convenience, while the private rear garden provides an excellent space for outdoor dining, entertaining or enjoying the warmer months. A driveway offers the additional advantage of off-road parking.

Situated in a residential location in Stonehouse, the property is conveniently positioned for local shops, schools and everyday amenities. Stonehouse railway station provides transport connections, while nearby Stroud offers a wider range of shopping, leisure and dining facilities. The surrounding road network also provides access towards Gloucester, Cheltenham and the M5 motorway.
Pricing & affordability


Full Market Value: £270,000

45% Share Price: £121,500 (rent £428.95pcm)
Minimum 5% Mortgage Deposit (35% share): £6,075
Approximate Service Charges: £44.84pcm*
Lease: 119 years
Eligibility


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/£90,000.
• 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 £270,000 and a purchaser would not need to meet the eligibility criteria listed above.