Great Oldbury

Grove Lane, Nupend, STONEHOUSE, GLOUCESTERSHIRE, GL10 3SJ

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Great Oldbury, Stonehouse is a brand new development of 3 & 4 bedroom homes. Ideal for the whole family, the new development will include a school, health centre, a pub, new local shops and areas of open space.

 

For commuters, Great Oldbury is just a 5 minute drive from the M5, providing great access to Gloucester, Cheltenham and Bristol, all less than a 45 minute drive away.


  • Only 5 miles from Stroud
  • 1 mile to the M5
  • Walking distance to Ofsted 'Outstanding' primary school
  • Close to Stonehouse town centre
  • Surrounded by countryside
  • On the edge of the Cotswolds
Images include optional upgrades at additional cost

Why not phone us? Our opening hours are... Monday 12.30pm- 5.30pm, Tuesday - Sunday 10am - 5.30pm

Events and offers

Help to Buy England is changing

HTB Logo

From 1 April 2021, the Government’s Help to Buy scheme in England will only be available for first-time buyers.

If you’re a current homeowner and would like to move using the Help to Buy scheme with a 5% deposit, 75% mortgage and 20% equity loan (40% in London), you could still be eligible if you complete on your new home by 31 March 2021.

Terms & Conditions

1.1 This offer is only available on selected new build plots and Developments in England only (excluding London). Under the current scheme, the maximum property value for Help to Buy is £600,000.

1.2 Help to Buy is only available on repayment loans with interest and capital paid every month and on properties which are occupied by the individual or individuals taking out the mortgage.

1.3 Purchasers will be required to raise funding (including a mortgage and a deposit) of not less than 80% of the property purchase price (excluding any mortgage fees). The property will be subject to a first charge in favour of the mortgage company. Purchaser deposit must be a minimum of 5% after the equity loan has been applied. Mortgage lender's criteria may affect any deposit percentage and whether it applies before or after the equity loan is deducted from the purchase price.

1.4 Homes England will provide an equity loan to eligible purchasers of not less than 10% and not more than 20% of the purchase price subject to the terms of the equity loan agreement. Based on the maximum purchase price of £600,000, Homes England will therefore provide an equity loan of up to £120,000.

1.5 The equity loan provided by Homes England will be secured by a second charge on the property behind the first charge referred to in paragraph 1.3.

1.6 The equity loan provided by Homes England will not incur any loan fees for the first 5 years. From the beginning of year 6, loan fees will be payable by the purchaser at an annual gross rate of 1.75% of the loan’s value, rising at the Retail Prices Index (published by the Office for National Statistics) plus 1% per year thereafter. Fees don’t count towards paying back the equity loan.

1.7 The equity loan must be repaid within 25 years of legal completion of the purchase of the property whether the property is sold or not.

1.8 The equity loan will be repayable on the basis of the greater of the price of the property or its market value at the time of future sale or mortgage repayment as opposed to the original purchase price but disregarding additions or improvements made to the property by the purchaser with the consent of Homes England. This means that if the property increases or decreases in value, the purchaser will pay Homes England the same percentage of the new price of the property as the percentage the equity loan was of the original price. This may result in Homes England being paid more or less than the original loan value.

1.9 If, on the sale of the property, the price of the property has fallen and there is insufficient money from the sale to repay the equity loan after the mortgage has been paid the purchaser will lose any deposit paid. Homes England will not however seek to recover the balance of their equity, not otherwise paid out of the proceeds of sale, from the purchaser.

1.10 The purchaser may repay the equity loan to Homes England at any time following legal completion. Repayment whether in full or by instalments will be based on the market value of the property at the time of the repayment(s) and the purchaser will have to arrange and pay for the valuation of the property at that time. The minimum instalment value is 10% of the total of the market value of your home.

1.11 Detailed terms and conditions apply to the equity loan which will be made available to the purchaser via their legal advisors as part of the conveyancing process.

Mortgage

£90,000

(75%)

Deposit

£6,000

(5% of purchase price)

Equity loan

£24,000

(20% provided byHomes England)

Purchase price

£120,000

 

The equity loan provided by Homes England will not incur any loan fees for the first 5 years. From the beginning of year 6, loan fees will be payable by the purchaser at an annual gross rate of 1.75% of the loan’s value, rising at the Retail Prices Index (published by the Office for National Statistics) plus 1% per year thereafter.


Open market value

£150,000

(a 25% uplift in value)

Mortgage repayment

£90,000

(assuming no repayment of capital)

Equity loan

£30,000

(20% of the open market value)

Remainder available to purchaser

£30,000


Site and location

Site plan
Site plan

About the area

A fantastic location

At Great Oldbury you will be close to fantastic schools including the Ofsted 'Outstanding' Eastington Primary School and Wycliffe College. Stroud is just 5 miles away and has a wide range of independent shops, cafes and galleries to explore. You'll also be close to Stonehouse train station, which is less than 10 minutes away and has direct services to Gloucester, Swindon and London Paddington.

Essentials on your doorstep

At Great Oldbury you can find local shops, great schools and leisure destinations all within easy reach:

  • Walking distance to Eastington Primary School
  • 5 minutes from Co-operative supermarket
  • 12 minutes from Stratford Park leisure centre
  • 15 minutes from Stroud
  • 20 minutes from Gloucester city centre

Superior design

We believe your dream David Wilson home is a cut above the rest. You’ll experience imaginative use of light and space, generous open-plan designs and fantastic family areas. We’re committed to delivering the highest standards of Customer Service, the same exacting standards that have helped us win numerous quality awards, year after year.

Disclaimers

Please note that all images are for illustrative purposes only. Final elevations of the property purchased may differ from those shown. Images include optional upgrades at additional cost. Please see our Image Disclaimer for further details.

Super fast broadband is available on selected plots only. Broadband speeds may vary, which may be affected by various factors including distance from the exchange, time of day and internal home wiring. Actual installation time will be dependent on the broadband provider.

Square footage is the total internal floor area of the home, measured from the internal face of blockwork, excluding the garage (if applicable) and any area with less than 1.5m clear headroom under sloping ceilings. The area taken by stairs is included in both floors that the flight serves.

Gross annual projected rental yield figures are based on the projected yields of at least two independent valuations supplied. Figures do not represent guaranteed rental return and are based on the property being continually rented.

'5 Star Housebuilder' awarded to Barratt Developments Plc Group brands

Following withdrawal or termination of any offer, we reserve the right to extend, reintroduce or amend any such offer as we see fit at any time.