Affordable Oundle development down to final Shared Ownership home with deposit below £1,500
Oundle’s home hunters now have a limited to chance to get onto the property ladder through an affordable scheme in the town.
Cotterstock Meadows is being delivered by Platform Home Ownership and with just one Shared Ownership home remaining, those looking for an accessible route towards homeownership are encouraged to act fast.
The development, off Cotterstock Road, has supported many families, commuters, first-time buyers and downsizers to secure a home, built to the highest standard, at a fraction of the usual deposit and mortgage costs of a traditional purchase.
The leading housing association has partnered with five-star homebuilder Vistry to produce Shared Ownership homes for Oundle, which have been purchased from as little as 10% of the full market value.
For example, one of the remaining homes is available from a deposit as low as £1,425. This is because the home’s full market value is £285,000, a 10% share is £28,500, and a 5% deposit thereof is £1,425.
Through Shared Ownership, buyers secure their home at an initial share between 10% and 75%, paying a deposit and mortgage against that share and rent on the remainder.
Thereafter, buyers have the option to increase that owned share all the way up to full homeownership, at a pace that suits them through a process called Staircasing.
There are no further phases of Shared Ownership homes at Cotterstock Meadows, so the final home represent the last opportunity to join the community.
Rada Knezevic, Sales Consultant at Platform Home Ownership, said: “Cotterstock Meadows is reflective of the very best of Shared Ownership. A diverse mix of buyers have put down roots in this charming town, without the stress and hassle of accumulating a large deposit, and get to enjoy the merits of homeownership in a quality setting.
“In partnering with Vistry, both we and our buyers fully understand that the homes they’re moving to are built to the highest standard, and this reassurance is often vital when making one of the biggest purchases of one’s life.
“The final home, based on recent demand, aren’t expected to be on the market for too long, so I’d certainly recommend getting in touch with our friendly sales team to avoid missing out.”
Cotterstock Meadows sits at the northern tip of Oundle, giving new residents an ideal choice of pursuits between the amenities of the characterful town and the idyllic and scenic activities of the Northamptonshire and Cambridgeshire countryside in the opposite direction.
Just 14 miles from Peterborough, with Corby, Kettering and Wellingborough also nearby, Oundle is surrounded by larger settlements for commuters, shoppers and those who like to eat out, while the town itself is rich in cultural significance and places to be.
Cotterstock Meadows is also near to a number of good quality schools for all ages, with the east of England road network meaning the Midlands, London, east coast and north-east are easily accessible.
For more information, please visit https://www.platformhomeownership.com/development/cotterstock-meadows-oundle or call the sales team on 0333 200 7304.
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