Bushbury Lane, Wolverhampton

An exceptional opportunity to purchase a three bedroom end terrace home under Shared Ownership via Sage Homes at Banbury Place, Wolverhampton.

Located just 2 miles out of Wolverhampton City Centre, on the former Goodyear factory site, Banbury Place will offer a stunning selection of just six, two & three bedroom Shared Ownership family homes creating a flourishing neighbourhood complete with public open spaces, supermarket and pub. These brand new homes are built by St Modwen who are an expert developer and regeneration specialist.

Banbury Place is in a great location for those who need to commute, with the M54 just 3 miles away for Telford, Shrewsbury, and North Wales and the M6 just ten minutes away. Or if you need to commute by rail, Wolverhampton Train Station is just over a 10-minute drive away for quick access to Manchester, Birmingham, and London.

Three Bedroom End-Terrace Homes Available: Plot 121/ 135 / 138

Price Example:
30% Share - £84,000
5% Deposit - £4200
70% Unpurchased Price - £196,000
Rent Per Month - £449.17

To discuss your eligibility and complete a financial assesment, call our Shared Ownership Sales Consultants today on 0121 212 0800 - Option 3 for New Homes

How Does Shared Ownership Work
Shared Ownership is a 'part buy, part rent' scheme, helping you buy your own home with a smaller upfront payment. Buying a part of your home and renting the rest is a great way to start out on
the property ladder. You will take out a mortgage for the share you buy (in some cases you can be a cash buyer) and then pay a subsidised rent on the share you don't own.

What Shares Are Available
You can buy between 25% and 75% of your home with just as little as a 5% deposit. The deposit is based on the share you're buying, rather than the total value of your home..
The share you don't buy is owned by Sage Homes. The rent on this share is subsidised and often cheaper than the open market so your monthly costs are manageable.
You can choose to buy more of your home when you're ready (called 'staircasing') right up to100% (there are some exceptions to this). The bigger the share you have, the less rent you pay.

Am I Eligible For The Scheme?
Shared Ownership is open to you whether you're a first-time buyer or looking to move up or down the property ladder. There are some general criteria that must be met, although there may be further criteria depending on the development.
Do you meet one or more of the below eligibility criteria? If so, you are likely to be eligible for a Shared Ownership home.
• I am 18 years old or older and a UK resident
• I want to buy outside London with a household income of less than £80,000
• I cannot afford to buy a home any other way
• I don't own another property (if you do, it must be sold before your Shared Ownership sale completes).

Agents Notes
Sage Homes terms and conditions apply.

The advertised offer is only available on homes reserved between 1st November 2023and January 31st 2024, exchange of contracts must occur before the agreed exchange deadline as stated in the memorandum of sale. Not to be used in conjunction with any other offer.

Please note that the external image shown on this listing has been digitally enhanced and is for indicative purposes only.