Shared ownership homes put up for sale on major new housing development
L&Q launched the new homes at its Beauchamp Park development at Gallows Hill on Saturday (11 March)
By James Smith
13th Mar 2023 | Property News
A range of new three-bedroom shared ownership houses have been put up for sale by a local housing developer.
L&Q launched the new homes at its Beauchamp Park development at Gallows Hill on Saturday (11 March)
The new houses form part of the Warwick Gateway urban extension, which will ultimately see 1,600 new homes built locally, as well as a community centre, a primary school, and a country park.
Claire Brenlund, sales and marketing director at L&Q said: "Our new three-bedroom shared wwnership homes at Beauchamp Park are fulfilling a critical need for affordable housing in the area.
"The development borders two historic Warwickshire towns – Warwick to the west, and Royal Leamington Spa to the east – where capacity for new residents moving to the area is particularly limited.
"Beauchamp Park, and the wider Warwick Gateway neighbourhood, is creating a significant new district for the two towns, helping to sustain the ever-increasing population here.
"Crucially, our new homes will also offer a significant pocket of affordability for hopeful buyers in the affluent area, who are currently finding themselves priced out by growing property values as a result of the population boom."
Shared Ownership prices for the new collection start from £129,500 for a 35 per cent share of a three-bedroom house (full market value: £370,000).
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