Final Shared Ownership House For Sale At Telford Site

Platform Home Ownership is urging Shropshire home-seekers to enquire about the final Shared Ownership home remaining at its popular The Quarters development in the popular area of Redhill, Telford.

Shared Ownership allows home seekers to purchase a share of their home and pay rent on the remaining amount, typically buying between 10% and 75% of the property’s full market value, depending on the model purchased with. This lowers the amount needed for a deposit, with most deposits on Shared Ownership schemes between 5% and 10% of the share and not the full amount.

Platform has seen an increase in popularity in the Shared Ownership scheme. In fact, they have sold 55% more Shared Ownership homes between April 2021 and March 2022 compared to the previous year.

Through the process of staircasing, those using Shared Ownership can gradually increase the amount of their home that they own.

The final home remaining through Shared Ownership is the three-bedroom semi-detached ‘The Hazel’ home type, available for just £116,000 for a 40% share value (full market value £290,000). The property benefits from a contemporary, fully fitted kitchen leading out to a turfed rear garden, combined with a spacious living area at the front of the property as well as a downstairs bathroom and under-stairs storage space. Upstairs houses two good-sized double bedrooms and a third single room, with a large family bathroom. The home is equipped with double-glazed windows allocated off-street parking and a 10-year build warranty, all of which come as standard with all Platform Home Ownership properties.

The Quarters is situated a few miles away from Telford town centre, and Redhill itself boasts a range of local amenities. The transport links serving the development include the M54, just a short drive away, and Telford Central railway station is just under three miles away and has direct trains to Birmingham, Shrewsbury, and Wolverhampton.

Whilst there is plenty going on in Telford, the countryside is also on your doorstep. The Wrekin is one of the biggest attractions in the area, which is great for walkers on a sunny day out.

Ryan Harris, area sales manager at Platform Home Ownership, said: “We’re thrilled with the success of the wonderful homes at The Quarters, and helping people find their dream property in a fantastic area has been incredibly rewarding. The stylish and contemporary homes are built to a high specification by Bovis and are in an ideal location so it’s no surprise they’ve met the needs of those looking to purchase in the area.

“We don’t expect the final home to be on the market for very long, so I’d urge any Telford property seekers to get in touch with out friendly sales team to avoid missing out.”

If you reserve a Platform Shared Ownership home by Christmas, and complete before 28 March 2024, you will be gifted a £250 voucher to a store of your choice. Find out more at www.platformhomeownership.com.

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