Shared Ownership Houses Launch In Rugby
Posted 23 February 2023 by
Keith OsborneAn opportunity for hopeful purchasers to take advantage of a resilient local market, L&Q is launching an exclusive collection of two- and three-bedroom houses at its growing new Rugby development, Ashlawn Rise, on 25 February, available through Shared Ownership.
The new houses offer first-time buyers an affordable route onto Warwickshire’s buoyant local property ladder and are ideally located just minutes from the historic market town of Rugby.
All the homes have a fully inclusive specification throughout and will be covered by NHBC warranty. Contemporary kitchens feature fully integrated appliances including an oven, hob, extractor hood, fridge-freezer, washing machine and dishwasher. Fitted as standard, bathrooms feature chrome fixtures whilst main bedrooms include built-in mirrored wardrobes with a shelf and hanging rail. Outside, all the two- and three-bedroom semi-detached houses in the upcoming launch come with a private garden complete with outdoor tap, turf and a paved area. Each home also benefits from allocated parking spaces.
Claire Brenlund, sales & marketing director at L&Q, commented: “We are pleased to be delivering a new collection of homes to a property market which is expected to see real growth for buyers over the next five years. Our two- and three-bedroom Shared Ownership houses offer a genuinely affordable opportunity for purchasers to secure a home in Warwickshire, which has been named among the best places to live in Britain, at a time when first-time buyers are bearing the brunt of inflated property prices and increased mortgage rates. The homes in this new launch are well-suited to young professionals and families alike, offering an attractive development situated just a short walk from both Rugby town and the countryside.”
Reflecting on their home buying journey, recent buyers at Ashlawn Rise, Tom and Liam, explained: “We didn’t think we would be able to afford a home we loved on the open market, but we were both at the age where we really wanted to have our own space, so when Shared Ownership with L&Q popped up down the road, we knew this was our opportunity. We realised that using the scheme would be the perfect way for us to buy our first home with a smaller deposit.”
A thriving market town in the heart of the English countryside, Rugby offers buyers a blend of old and new. Impressive historic architecture is combined with an array of nearby amenities, from independent shops, antique centres and traditional tea shops to boutiques, art galleries and fine-dining restaurants. The town also has several beautiful parks and gardens, most notably Rugby Diamond Wood Country Park, which has been awarded a coveted Green Flag Award every year for the last decade.
Excellent transport links include proximity to the M1, M6 and A14, offering easy accessibility to around 80% of the country within two hours. By train, Rugby station has frequent services to nearby towns including Coventry and Birmingham, whilst London Euston is reachable in less than an hour. Those who enjoy traveling by bike or walk are well taken care of, with a wide variety of cycle and walking routes nearby to choose from.
Shared Ownership prices for the new collection start from £100,000 for a 40% share of a two-bedroom house (full market value £250,000) and from £116,000 for a 40% share in a three-bedroom house (full market value £290,000). Find out more at lqhomes.com.
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