Mercia Reach in Mile Oak, Staffordshire

The last two-bedroom house is now available in a newly unveiled assortment of Shared Ownership residences located in Tamworth, Staffordshire. Scheduled for occupancy starting Summer 2023, this property stands as an ideal opportunity for individuals seeking a blend of comfort and convenience. Positioned within a comfortable walking distance from both Ventura Park and Ankerside Shopping Centre, the locality offers easy access to essential amenities such as supermarkets, educational institutions, healthcare facilities including a GP surgery, the Post Office, as well as a variety of dining options.

Designed with environmental consciousness in mind, these energy-efficient homes are well-insulated, contributing to a reduced carbon footprint and potentially lower utility bills for residents. Ownership starts from a 40% share at a full market value of ¨£245,000, with an initial 5% deposit requirement of ¨£4,900. The rent for the portion of the property not owned is priced at ¨£337 per month, alongside a service charge of ¨£77 monthly. Although Council Tax specifics remain to be confirmed, the financial outline offers a clear initial understanding.

Key features within these homes cater to a range of preferences and needs, including Zanussi kitchen appliances such as an electric oven, gas hob, and a stainless-steel chimney hood. Outdoor spaces are thoughtfully designed, comprising a paved patio area, turfed rear garden, dedicated garden storage, and the provision of two parking spaces per dwelling.

For those considering the path to homeownership through accessible means, Shared Ownership presents a government-supported scheme. To qualify, interested parties should not currently own a property, have a combined household income of under ¨£80,000 per annum, earmark at least ¨£5,000 for purchase-related costs, and reside within the Tamworth administrative borough. It's worth noting, exterior photographs available reflect similar two and three-bedroom houses previously completed at Mercia Reach, providing a glimpse into the community and quality of life potential owners can anticipate.