Last chance to buy a Shared Ownership home at brand-new Burntwood development


Last chance to buy a Shared Ownership home at brand-new Burntwood development

Due to popular demand, housing provider Bromford released a variety of three-bedroom Shared Ownership homes ahead of schedule at Sutton Rise, off Mount Road.

Shared Ownership gives first-time buyers and those who do not currently own property the chance to secure a new-build home with Bromford. Homebuyers pay a mortgage on the share they own, and pay rent on the remaining share, meaning only a smaller deposit is required. Purchasers can also increase their share during their time on the property.

The last remaining Shared Ownership properties available are the three-bedroom semi-detached Thrush, and the three-bedroom Sandpiper and Swift house-types.

Catering perfectly for the needs of young families and couples, the Thrush and Swift property styles offer a practical layout for those who are looking for extra space. To the ground floor, the home features a hallway, a spacious lounge, and an open-plan kitchen/dining room with French doors which lead out into the garden.

Situated on the first floor of these properties is a spacious main bedroom with fitted wardrobes, a second double bedroom and third bedroom, and a stylish bathroom. To the front, homeowners can also benefit from side-by-side driveway parking for two cars.

The Thrush is priced at £220,000 and has a 40 per cent share value of £88,000, while the Swift is priced at a full market value of £235,000 and 40 per cent share value of £94,000*.

Alternatively, the Sandpiper features a bright and airy lounge, and a spacious kitchen diner with French doors which lead out onto a private lawned garden, complete with paving and a garden shed for extra storage. Upstairs there are two double bedrooms, with fitted wardrobes in the main bedroom, and a single bedroom which can alternatively be used as a home office.

This home also features driveway parking for two cars. The Sandpiper is available at a full market value of £230,000 and a 40 per cent share value of £92,000.

Sales and Marketing Director at Bromford, Catherine Jarrett, said: “The response from prospective purchasers of the new homes at Sutton Rise has been fantastic and as such there’s now just a handful of three-bedroom homes remaining.

“With the homes selling way ahead of schedule, we believe that the development’s popularity is due to the great style choices we have on offer, in the very sought-after and convenient town location of Burntwood.

“As the homes are selling quickly, we’d encourage any house-hunters within the Shared Ownership criteria who are interested to book their appointment without delay, as we aren’t anticipating these homes to remain on the market for long.”

Bordering open countryside, the development will offer residents the best of both worlds with a fantastic rural location that is also close to a range of local amenities.

A wide range of schooling options and fantastic commuter links are also nearby, making this development an ideal choice for working professionals and growing families.

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