Rivers Meet, Cleeve Mill Lane
Newent
Gloucestershire
GL18 1DS
11 Homeground, Eastington, Stonehouse
40% Shared ownership £119,000
3 Bedroom House - Semi-Detached
- 3 bed shard ownership home
- 3 private off-road parking spaces
- EV car changing point
- Semi- detached property
- Air source heat pump
- EPC A
- PV Panels
- Local connection required
Welcome to 11 Homeground, a charming semi-detached house located in the picturesque village of Eastington, Stonehouse. This newly built property, completed in 2026, offers a modern living experience in a tranquil setting, perfect for families or those seeking a peaceful retreat.
The house features a well-designed layout, comprising one inviting reception room that serves as a perfect space for relaxation or entertaining guests. With three spacious bedrooms, there is ample room for family members or guests, ensuring comfort and privacy for everyone. The property also includes a well-appointed bathroom, designed with contemporary fixtures and finishes.
One of the standout features of this home is the generous parking space, accommodating up to three vehicles, which is a rare find in many properties today. This convenience adds to the overall appeal, making it easy for you and your guests to come and go without the hassle of street parking.
Situated in Eastington, you will enjoy the benefits of a friendly community while being close to local amenities and transport links. This property is ideal for those who appreciate the balance of modern living in a serene environment.
In summary, 11 Homeground is a delightful new build that combines comfort, style, and practicality. With its spacious bedrooms, inviting reception area, and ample parking, this home is ready to welcome you. Don’t miss the opportunity to make this lovely property your own.
How does Shared Ownership work?
If you bought a home on the open market, you would agree a purchase price through an estate agent. Then you would take out a mortgage to cover the total purchase price of the property minus any deposit you might have available.
With Shared Ownership, the price of the property is fixed at the open market value, as assessed by a qualified valuer. You borrow just enough to cover the share you are buying. This is referred to as equity share.
The equity share amount will be an amount that you can afford, as set out under government guidelines. The total monthly cost of the rent, plus your
mortgage, will be lower than the monthly cost if you bought the property outright with a mortgage.
For legal reasons, while you are only buying a part-share of the property, you will have a leasehold interest. However, you may buy further shares. This is called ‘staircasing’, and may
eventually progress to outright ownership.
Eligibility Criteria
To be eligible for Shared Ownership you need to:
- be a first-time buyer, an existing shared ownership homeowner, or a former homeowner who can’t afford to buy now
- be over 18 years old
- have an annual household income of less than £80,000 (£90,000 in London).
If you wish to buy one of these properties we need to assess your eligibility for shared ownership. For this we need to see:
•Proof of ID
•Proof of address
•Mortgage in principle
•Proof of deposit
•Full details for each buyer
You will also be required to complete an application form and an affordability calculation.
Shared ownership information New AHP
Shared ownership is a part buy part rent property from a registered landlord
You purchase a share with the help of a mortgage based on your affordability.
Open Market Value: £340,000
40% Shared Ownership: £119,000
Rent per month: £506.46
Service Charges per month: £35
Buildings insurance per month: £17.22
The more you buy the lower your rent will be. Rent is calculated at 2.75% of the unowned share. These costs will increase each year with inflation.
Ground Floor
Kitchen/dining area
Kitchen/dining area with pre-fitted oven, hob and hood. Spaces available for a fridge/freezer, tumble dryer/dishwasher and washing machine. Double window facing out to the front elevation.
Living Room
Double window leading to rear elevation. Along with Double doors into the rear garden
Downstairs WC
White wash hand basin and low level WC , window to side elevation.
First Floor
Two storage cupboards, one including the Air source Heat Pump
Bedroom 1
Double window to front elevation
Bedroom 2
Window to rear elevation.
Bedroom 3
Window to rear elevation
Family Bathroom
White bathroom suite with shower over bath, Low level WC and wash hand basin. Window to front elevation.
Buy Back Lease
In some rural areas properties must be always available for shared ownership. This means if you buy over 80% of the share of the property, the freeholder (or other Housing association) must buy your property back (at market value) if you wish to sell on.
Disclaimer
All measurements are approximate. We have not checked the serviceability of any appliances, fixtures or utilities (i.e. water, electricity, gas) which may be included in the sale. We cannot guarantee building regulations or planning permission has been approved and all prospective purchasers should satisfy themselves on these points prior to entering into a contract. Consumer Protection from Unfair Trading Regulations 2008. The Agent has not tested any apparatus, equipment, fixtures and fittings or services and so cannot verify that they are in working order or fit for the purpose. A Buyer is advised to obtain verification from their Solicitor or Surveyor. References to the Tenure of a Property are based on information supplied by the Seller. The Agent has not had sight of the title documents. A Buyer is advised to obtain verification from their Solicitor. Items shown in photographs are NOT included unless specifically mentioned within the sales particulars. They may however be available by separate negotiation. Buyers must check the availability of any property and make an appointment to view before embarking on any journey to see a property.
Two Rivers Housing
TwoCan estate agents are advertising this property on behalf of Two Rivers Housing. Two Rivers Housing are the owners of Twocan
Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.
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