Platform Home Ownership will soon be releasing a range of brand-new Shared Ownership homes at Sphinx in Coventry, a development by five-star housebuilder Countryside Partnerships.

The development located on Sphinx Drive, just off Siddeley Avenue, will offer 196 stunning new homes available through Shared Ownership and affordable rent. Families, young professionals and many other property seekers will have the opportunity to secure a home of their own.

Shared Ownership allows prospective homeowners 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.

Sphinx, is just under two miles east of Coventry town centre, with excellent transport links to the city, Birmingham, Leicester, and Warwick. 

The development therefore provides the perfect blend between rural and urban living, with the hustle and bustle of Coventry a short drive away, and the surrounding countryside providing a peaceful retreat for those who need a little solitude from time to time.

Coventry itself is rich in amenities, with multiple eateries, family-friendly pursuits and places to shop within its thriving centre.

Alice Maddocks, Regional Sales Manager at Platform, said: “We're delighted to be sharing the news of these quality upcoming Shared Ownership homes.

“Coventry is a great place to live for a variety of prospective home buyer, so to be contributing to the housing market here feels very special. 

“We're looking forward to helping people on their journey towards homeownership at Sphinx and cannot wait to see people taking that step towards a fantastic home.”

As with all Platform Home Ownership properties, the homes will come with a 10-year new homes warranty, allocated off-street parking, double-glazed windows and central heating.

Moreover, each home will be equipped with a fully-integrated kitchen, stylish family bathroom and turfed rear garden.

For further details on Sphinx please visit https://www.platformhomeownership.com/, or call the team on 0333 200 7304.

*T&Cs apply.

ENDS

For press information, contact Ryan Clayton on 0116 366 7337 / ryan@unsworthsugden.co.uk and Hannah Elwell on 0116 247 1777 / hannah@unsworthsugden.co.uk.