Shared Ownership Homes Just Launched In Shirley
Affordable homes provider SO Resi has just launched a collection of three- and four-bedroom Shared Ownership properties at Oakhurst Village in Shirley, close to Solihull.
With the Commonwealth Games coming to the West Midlands later this year, and HS2 promising a commute of less than an hour to central London, interest has been strong in this area and there has been strong demand for new build homes there.
SO Resi Solihull is a new Shared Ownership development that forms part of the wider Oakhurst Village scheme set in the small town of Shirley, just outside Solihull on the southern fringes of Birmingham. With excellent public transport into the city, not to mention every amenity close at hand, it offers all the benefits of proximity to Birmingham combined with small-town friendliness.
Shared Ownership at SO Resi Solihull offers eligible buyers a chance to buy a portion of a property and pay a monthly payment to cover the share they haven’t bought – with the option to buy more shares until they eventually own 100% of the lease. With homes ranging from two-bedroom apartments to three-storey, four-bedroom houses, the development caters for every type of buyer.
Property experts are predicting that over the next five years, the average value of a home in the city could rise by 4.9% every year – the fastest anticipated growth for any UK city – surpassing the 4.7% rise expected in both Manchester and London. This comes on top of strong growth that has already seen prices rise by 56% since 2013.
For buyers who are desperately trying to save up for an initial deposit, this doesn’t sound like good news – but with a SO Resi home, you need a deposit of as little as 5% of the share you are buying.
Kush Rawal, director of residential investment at SO Resi, commented: “The Birmingham area is becoming highly sought-after, with the Commonwealth Games driving its profile and bringing thousands more high-earning jobs to the area – SO Resi Solihull is ideally placed to help people start the journey to homeownership in a well-connected and convenient location, enabling them to make the most of all the opportunities available in this vibrant and growing area.”
SO Resi Solihull is close to Shirley’s busy high street, with a great selection of independent retailers, as well as all the major supermarket brands in close proximity. The town is particularly well served by restaurants, with Argentinian, South Indian, Italian, Japanese, Turkish, Chinese, Thai, German and traditional British food on the doorstep. Shirley Park offers a skate park, tennis courts, outdoor gym and play area, while parents will be pleased with the selection of local schools.
Shirley railway station is 2.5 miles away from the new homes, offering services to both Snow Hill and Moor Street stations in the centre of Birmingham, around 10 miles away, as well as routes to Stratford-upon-Avon. In addition, local buses head into Solihull centre and Birmingham, making it easy to get around.
All of the homes are finished to a high quality, with tiled kitchens fitted with a range of integrated appliances. Every home has private outdoor space – turfed gardens in the case of the houses, and balconies or terraces to the apartments, extending the living space into the open. Layouts are versatile, with a focus on open-plan living areas and good sized bedrooms, with an en suite to the main bedroom in all properties as well as a family bathroom with bath and shower. Plenty of natural light and convenient storage spaces mean that the spaces feel spacious and uncluttered.
Prices on this first phase start from £105,000 for a minimum 30% share in a three-bedroom house with two parking spaces (full market value £350,000). Find out more at www.soresi.co.uk
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