3-bedroom house · CV11 6WZ
For saleListed 175 days
Opportunity summary
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About
*Deposit Match Incentive - £3,375 towards your deposit* Shared Ownership This brand new home is available to buy from as little as £202,500 with a 75% share!
Situated on the edge of thriving Nuneaton, with open green spaces nearby and the exciting cities of Coventry, Leicester and Birmingham all a straightforward drive from home, Sketchley Gardens offers a highly enviable quality of life.
Located just Ten minutes from the A5, and 11 minute drive from the M69 motorway. Less than a 10-minute drive to Nuneaton railway station which has a direct link to London.
Riversley Park, Gala Field park and garden and Attleborough Fields Walk are ideal for when you want to stretch your legs.
This brand new end terrace home has accommodation that features a kitchen/diner with separate living room and a ground floor cloakroom.
To the first floor are three bedrooms (master with en suite) and a family bathroom. Externally is an enclosed rear garden and allocated parking for two cars.
Pricing & affordability Approximate Size 933 sq ft Full Market Value: £270,000 50% Share Price: £135,000 (rent £309.38pcm) 60% Share Price: £162,000 (rent £247.50pcm) 75% Share Price: £202,500 (rent £154.69pcm) Minimum 5% Mortgage Deposit (75% share): £10,125 Approximate Service Charges: £53.04 pcm* Shared Ownership Lease: 125 years Council Tax Band: Tbc Eligibility Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property.
The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share.
The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.
At Sketchley Gardens advertised shares start at 50% (the maximum you can buy initially is 75%). When you’re ready, you can buy more shares until you staircase to owning 100% of your home.
To be eligible for shared ownership you would need to meet the following criteria: • Your annual household income does not exceed £80,000. • You have a deposit of at least 5% of the share value.
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide. • This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.
Please note the minimum share you can purchase can vary depending on your financial situation and you may be asked to purchase a larger share, should your personal circumstances permit.
*Service charges are estimated and may subject to change. **These photos are for information purposes only and may not represent a true likeness for the units being sold.
They may have been taken from earlier phases or similar developments/house types and digitally furnished to represent how the home could be laid out; the final colours/appearance/specification may differ from the images and are not plot specific.
We advise applicants to make their own investigations on future development in the area. We would suggest contacting the local authority for more information.
Sown Shared Ownership are part of lrg and are selling the homes on behalf of Sage Homes. Sage Homes is a Registered Provider committed to providing high quality affordable homes across England.
For more information on Sage Homes visit .
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
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About Sketchley Gardens - Plot 180, 26, Vickers Way, Warwickshire
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