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Gloucestershire Business News

Shared Ownership apartments now available in Stonehouse

Housing association Bromford has released a selection of two-bedroom Shared Ownership apartments at Vistry Homes' Great Oldbury development in Stonehouse.

Great Oldbury, located off Oldends Lane, consists of a range of two and three-bedroom Shared Ownership homes, which are more than ideal for first-time buyers, young professionals, growing families and those seeking to downsize to a more manageable property.

Shared Ownership gives first-time buyers and those who do not currently own a property the chance to secure a new build home with Bromford. Homebuyers pay a mortgage on the share they own and pay rent on the remaining share, meaning only a smaller deposit is required.

Gloucestershire property seekers are now able to enquire about the two-bedroom The Arundel style apartment, priced from £86,000 with a 40 per cent share value*.

Currently available on both the ground floor and first floor, this apartment features a spacious open plan living/dining space, with a fully fitted kitchen and french doors leading out to a Juliette balcony.

The apartment is completed with a main bedroom, a second double bedroom, which allows for easy conversion into a home office, a stylish bathroom and handy storage cupboards. Residents will also benefit from allocated parking.

Catherine Jarrett, director of sales and marketing at Bromford, said: "We're delighted to be unveiling our wonderful Shared Ownership apartments at Great Oldbury. The Arundel style home is contemporary apartment, designed with modern and flexible living in mind.

"We can't wait to welcome new residents to Great Oldbury. This is a fantastic, semi-rural development surrounded by green open space, with countryside walks and the Thames and Severn Canal Towpath on residents' doorsteps. We expect the properties here to be very popular, so would encourage anyone who is interested to get in touch with our team without delay."

Situated in Stroud, Great Oldbury is just two and a half miles away from Stonehouse town centre, providing residents with a host of shops, pubs, restaurants and health and sports facilities, as well as a Farmers' Market five miles away.

Well connected, the development is more than ideal for commuters. Stonehouse and Stroud train stations offer routes to London Paddington, Cheltenham, Swindon and Reading. Junction 13 of the M5 is only one mile away, providing easy access to Bristol, South Wales, the M4 and north to Gloucester and Cheltenham.

Bromford's Shared Ownership homes have been built specifically to meet the needs of local people, and priority will be given to those who have a connection to Stroud District Council. The local area connection is based on buyers having been a resident or employed within the area for two to five years or having family connections who have lived in the area for at least three years.

*T&Cs apply. Share prices and purchases can range between 25 and 75 per cent.

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