Welsh Road East, Southam, CV47 1NE

Property Details: • Type: Semi-Detached • Tenure: N/A • Floor Area: N/A

Key Features: • ENERGY EFFICIENT HOME • MODERN FITTED KITCHEN WITH OVERN, HOB AND EXTRACTOR • INTEGRATED WASHING MACHINE AND FRIDGE FREEZER • CARPETS FITTED THROUGHOUT • TWO DOUBLE BEDROOMS • MASTER BEDROOM WITH EN-SUITE- WALK IN SHOWER • REAR ENCLOSED GARDEN • PARKING FOR TWO VEHICLES • *HANDOVERS EXPECTED SUMMER 2025*

Location: • Nearest Station: N/A • Distance to Station: N/A

Agent Information: • Address: Welsh Road East, Southam, CV47 1NE

Full Description: ** WHILST THE PROPERTIES ARE UNDER CONSTRUCTION, WE ARE ACCEPTING RESERVATIONS OFF-PLAN**

** HANDOVERS ANTICIPATED SUMMER 2025**

The Development

Blenheim Heights is a brand new development of just 43 homes, being built on Welsh Road East, Southam by Keon Homes. We are offering two and three bedroom homes for shared ownership, allowing you to take the first steps onto the property ladder. Located on the outskirts of the market town of Southam, it offers modern living in an idyllic location. Blenheim Heights is ideal for both first time buyers and growing families.

Southam offers a variety of local traders, convenience shops, pubs and restaurants. The re is an excellent choice of schools, as well as Southam College for the older students.

The area offers excellent transport links to nearby towns such as Leamington Spa, Coventry, Daventry and Warwick.

The Property These modern two bedroom homes consist of an entrance hall leading to a well equipped kitchen/dining area leading to the the living room with doors to the rear garden. Stairs lead to two double bedrooms, master with en-suite, and a family bathroom with a modern fitted suite.

Two bedroom house

£151,250 for a 50% share* Monthly rent on remaining share £346.61 Monthly Service Charge £TBC

* Shares are determined following a financial assessment.

Prices are subject to change

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 on April 1st. This will include Buildings insurance, management and any communal/estate charges that may be covered (if applicable).

NEXT STEPS: 1. For further information, please download our brochure below. 2. TO APPLY NOW, please make an enquiry to 3. Upon receipt of your application, we will refer you for an affordability assessment to determine the most affordable share for you. 4. Once you have passed the affordability assessment, we will forward your details to our Sales Consultant who will take you through the reservation process and advise you how to pay your £300 reservation fee.

What is Shared ownership?

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.

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 also the combined cost of mortgage and rent is often cheaper than privately renting in the area.

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 are typical and should be used as a guide only***