L&Q Launches New Shared Ownership at Birnam Mews
An area that is becoming increasingly out of reach for first time buyers, the Warwickshire town of Stratford-upon-Avon has recently been named the most expensive place to purchase a home in the county (1). Helping first time buyers onto the property ladder in an area that is often out of reach for many, on 27th – 28th February L&Q are launching 13 two, three and four bedroom Shared Ownership homes at Birnam Mews in Tiddington, just two miles from the centre of Stratford-Upon-Avon.
An alternative route to home ownership, the Shared Ownership homes at Birnam Mews will allow first time purchasers to secure a property with a deposit from just £4,125, substantially lower than the local average deposit price of £18,410 (2). A collection of one, two, three and four bedroom houses, Birnam Mews offers a range of properties to accommodate a variety of purchasers. The two and three bedroom houses available offer ideal living for young professionals searching for a swift commute into Birmingham, and four bedroom properties provide ample space for growing families.
Christine Osborne, Sales and Customer Services Director (Counties) at L&Q comments: “We’re thrilled to announce the launch of new Shared Ownership homes at Birnam Mews in Tiddington. Following the success of our previous Shared Ownership launches here, we have recognised that there is a growing need for high-quality affordable properties in the area. The variety of homes available at the development means that we can welcome a real array of buyers, ranging from young couples to larger families – something that is quite uncommon for Shared Ownership homes. Our offering at Birnam Mews means that buyers need not compromise on location and can instead move into their dream home in the highly sought-after location.”
Ideal for first-time buyers, Shared Ownership allows the buyer to part-own and part-rent their property. Buyers purchase a share in the property and then pay a subsidised rent on the remaining portion. As their financial circumstances change, homeowners can increase the share they own until the percentage share owned is 100%. By increasing the number of Shared Ownership homes available, Birnam Mews will become accessible to a wide range of buyers, building a diverse and exciting community of residents.
Offering a high specification as standard, Birnam Mews forms part of L&Q’s ‘New-Build Homes: Quality Standard’ promise, a commitment to delivering premium fixtures, fittings and appliances as standard, at no additional cost to the buyer.
Each home at Birnam Mews is finished to a high standard and designed to offer contemporary living within a countryside setting. Kitchens are fitted with fully-integrated appliances, master bedrooms incorporate built-in wardrobes, and residents have the option of hand-selecting the colour palette of their house. The majority of houses in the development come with at least two parking spaces, making Birnam Mews ideal for commuters, larger households and guests.
Designed to reflect the surrounding countryside, the streets of Birnam Mews are lined with trees and two large green spaces are nestled at the heart of the community, providing a setting for children to play in. Ideally situated for a range of first-time buyers, the variety of homes available mean Birnam Mews has something for everyone.
Located in Tiddington, Birnam Mews is a 20-minute drive from Warwick and 50-minute drive from Birmingham, making the development extremely well-connected for commuters. There are a variety of excellent schools in the local area, such as OFSTED outstanding King Edward VI School, Alveston C of E Primary School, and Welcombes Hill School.
Prices begin at £82,500 for a 25% share of a two bedroom house (FMV: £330,000), £90,000 for a 25% share of a three bedroom house (FMV: £360,000), or £130,000 for a 25% share of a four bedroom house (FMV: £520,000).
Register your interest at: http://bit.ly/SOatBirnamMews
