Bishops Mead

2 bedroom homes in Salisbury, Wiltshire, SP5 3FN

Tenure Shared ownership
What is Shared Ownership?
Availability Available
Min share price from £110,000 for 40% share
Full price from £275,000
Min deposit from £5,500
Bedrooms 2
Bathrooms 1
Parking 2

Shared Ownership is a type of affordable home ownership when a purchaser takes out a mortgage on a share of a property and pays rent to a landlord on the remaining share.

For example, someone might buy a 50 per cent share in a property and pay rent to the landlord on the remaining 50 per cent. Purchasers then have the opportunity to ‘staircase’ up their share of the property, gradually increasing the proportion of their home that they own outright and therefore paying less rent on the remaining portion, until they own 100 per cent of their home.

Overview

Last home available! Don't miss out!

Located in a rural village close to the city of Salisbury, Bishops Mead is a beautiful development of new build houses in Downton.

  • Close to The New Forest
  • University of Bath is approximately an hour’s drive away
  • Plenty of shopping opportunities in nearby Salisbury
  • Local village primary school
  • Approx 7 miles from Salisbury

Local area information

Where is Bishops Mead?

This fantastic new development is located approximately 7 miles south of the city of Salisbury, and offers local amenities for every day living. There are great transport links to places such as Bournemouth and Southampton via the A338 and A36 - perfect for commuters. There is also a train station in nearby Salisbury which can take you further afield.

Amenities Near By:

Close to The New Forest

University of Bath is approximately an hour’s drive away

Plenty of shopping opportunities in nearby Salisbury

Local village primary school

Interested in something to do?

In the village of Downton, there is a local pub and fish bar, perfect for a meal out, as well as lots of green open spaces in the nearby New Forest. In the centre of Salisbury lies the cathedral, one of their most famous landmarks where you can climb Britain’s tallest spire, walk around the cathedral or book a tour. The ancient stone circles of Stonehenge are a short drive away. Looking to entertain the little ones? River Bourne community farm shows you how a working farm operates and provides educational sustainability and ecologically.

Status Plot No. Floor Beds Min share price Eligibility
Available 32 N/A 2 £110,000 View details

FAQ's

Min share price from: £110,000 for a 40% share
Full price from: £275,000
Minimum deposit from: £5,500
Monthly rent from: £378
Bedrooms: 2
Bathrooms: 1

There is only one available priced at £110,000 for a 40% share.

It’s the same as buying on the open-market but you’re buying a share of a property, so therefore pay a mortgage on the part you own.

An independent mortgage advisor can help suggest which type of mortgage might be best for you, based on your situation.

Leasehold, which is essentially the contract for the share you've bought.

It means you've got the right to keep your home for a certain number of years (usually at least 125), but the land belongs to someone else. Your lease also sets out how much you need to pay each month, your responsibilities while living there and all the details of your agreement with the housing association. Make sure you go through it and ask lots of questions.

Your solicitor can help you with this.

It all depends on your lease (your contract with the housing association) so check it thoroughly and ask questions before you buy.
Illustration by: James Halsall

Register Interest

Register your interest to be contacted by a housing provider. You will need to provide basic eligibility criteria during the register interest process.

Bishops Mead

2 bedroom homes in Salisbury, Wiltshire, SP5 3FN

Tenure Shared ownership
What is Shared Ownership?
Availability Available
Min share price from £110,000 for 40% share
Full price from £275,000
Min deposit from £5,500
Bedrooms 2
Bathrooms 1
Parking 2

Shared Ownership is a type of affordable home ownership when a purchaser takes out a mortgage on a share of a property and pays rent to a landlord on the remaining share.

For example, someone might buy a 50 per cent share in a property and pay rent to the landlord on the remaining 50 per cent. Purchasers then have the opportunity to ‘staircase’ up their share of the property, gradually increasing the proportion of their home that they own outright and therefore paying less rent on the remaining portion, until they own 100 per cent of their home.

Location

Housing Provider

Trusted by

Southern Complete Moves Mayor or London National Housing Federation Moat Homes