1 bed maisonette for sale

Hospital Lane, Bedworth, Warwickshire CV12

*** coming soon - brand new shared ownership homes - 40% shares from just £64,000 and a £3,200 deposit^ - register your interest now ***

A fantastic opportunity to secure a brand-new home at Newlands Meadows, an exciting new development set within a pleasant semi rural location on the edge of Bedworth. Coming soon is a selection of thoughtfully designed ground floor and first floor one bedroom Shared Ownership maisonettes, ideal for first time buyers looking to take their first step onto the property ladder.

Perfectly positioned for modern living, the development enjoys a peaceful setting surrounded by open green space, while still offering excellent access to everyday amenities. Bedworth town centre provides a range of shops, supermarkets, cafés and leisure facilities, with nearby Coventry offering a wider selection of retail, dining and entertainment options.

For commuters, Newlands Meadows is well connected, with easy access to the A444 and M6, alongside regular bus routes linking to Coventry and Nuneaton. Bedworth railway station is also within easy reach, providing convenient connections to surrounding towns and cities.

Register your interest now to be among the first to hear when these homes are released in the near future.
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.

At Newlands Meadows advertised shared start from a 40% share of your home (the maximum you can buy initially is 75%). When you’re ready, you can buy more shares until you staircase to owning 100% of your home.

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.
Local area connection


Buyers for Newlands Meadows are required to have a local area connection to the Borough of Nuneaton & Bedworth. Evidence of the local area connection will be required as part of the reservation process. This could be in one of the following ways:

• Have lived within the Borough for at least 6 out of the last 12 months, or 3 out of the last 5 years.
• Have immediate family currently living in the Borough who have been residents for at least 5 years or more. Immediate family would normally include parents, adult children, brothers or sisters, provided there are sufficiently close links (e.g., frequent contact, commitment, or dependence). Other family associations, such as grandparents or adoptive parents, may also be considered if sufficiently close links can be evidenced.
• Work permanently in the Borough.
• Give to, or receive support from, a close family member who is resident in the Borough. Applicants will need to supply supporting evidence from a medical professional or social worker.
Other information


^ Please note the minimum share you can purchase and the minimum deposit required can vary depending on your financial situation and you may be asked to purchase a larger share or increase your deposit, based on your personal circumstances.

*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.

**These photos are for information purposes only and may not represent a true likeness for the units being sold. They may have been taken from earlier phases or similar developments/house types and digitally furnished to represent how the home could be laid out; the final colours/appearance/specification may differ from the images and are not plot specific. We advise applicants to make their own investigations on future development in the area. We would suggest contacting the local authority for more information.