Foundry Lane
Chippenham
£120,000
Tenure: Leasehold
Ref: CHP111733
- 50% shared ownership purchase - £383 rent payable pcm
- Two bedroom third floor flat
- En-suite to master bedroom
- Allocated parking
- Within close proximity to town centre & train station
monthly mortgage estimate
Available at 50% share, this modern two bedroom flat boasts bright and spacious accommodation throughout within easy reach to Chippenham town centre and train station. Foundry Lane benefits from allocated parking, a en-suite to the master bedroom and open plan lounge/kitchen/diner. Don't miss out!
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selling or letting?
- Years remaining: 120 years
- Current ground rent: £0
- Ground rent review period: Contact branch
- Annual service charge: £1,287
- Ground rent increase: Contact branch
- Share sold: 50%
- Rent payable: £383 per month
Council Tax Band: C
Tenure: Leasehold
Shared Ownership:
floor plans
in detail
A stylish and spacious two-bedroom third-floor flat in sought-after Foundry Lane! This modern home boasts a bright open-plan kitchen/lounge/diner, two generous bedrooms, a master bedroom with en-suite, plus a contemporary family bathroom. Finished to a great standard and perfectly placed for Chippenham’s town centre and train station. Complete with allocated parking, we strongly recommend viewing to avoid missing out!
Agents Note: This property is currently under shared ownership in
conjunction with Heylo Housing Association who have criteria
for any purchase, the advertised price is for the sellers 50% share.
£383 per month is paid to the Housing Association as rent for the
retained share. Annual Service Charge is £1,286.74 and Ground Rent is £0. Please
contact with Heylo Housing Association for guidance on
purchase requirements.
In addition, Heylo Housing Association have advised that they
would be prepared to staircase a transaction to 100% ownership. This would mean that any potential purchaser would
buy the vendor’s 50% share and the remaining 50% share from
Heylo Housing Association providing a 100 % purchase on
completion. Your conveyancer will advise with regard to the
timescales involved and you should satisfy yourself in regard to
lending affordability.
- Buyers must have a total household income under £80,000 (£90,000 in London)
- Buyers must meet the Homes England affordability and sustainability assessments (see the Homes England calculator guidance for further information)
- Buyers are expected to use any savings and assets towards the purchase of their home. This may mean selling assets such as bonds, shares, land and any other financial investments.
- Buyers in receipt of benefits are eligible for shared ownership provided they meet the Homes England affordability assessment (not all benefits are eligible)
- Self-employed buyers must be able to provide 2-years evidence of their income
- Buyers must purchase the maximum share they can reasonably afford within the parameters of the Homes England calculator
- Shared owners must be first time buyers or do not own another property in the UK or any other country or have a memorandum of sale for their existing property.
- Buyers must have good credit history and must not have the following (for more information on acceptable credit for Home Reach please refer to the credit policy):
. A mortgage or rent arrears
. Other bad debts
. County Court Judgements
- Buyers must have a minimum 5% deposit towards the share they are purchasing
- Buyers may retain a portion of their savings to cover the costs of purchase and moving home (typically up to £5,000). This may include:
. Legal fees
. Stamp Duty Land Tax where applicable
. Mortgage application fees
. Valuation fees and any associated moving costs
Agents Note: This property is currently under shared ownership in
conjunction with Heylo Housing Association who have criteria
for any purchase, the advertised price is for the sellers 50% share.
£383 per month is paid to the Housing Association as rent for the
retained share. Annual Service Charge is £1,286.74 and Ground Rent is £0. Please
contact with Heylo Housing Association for guidance on
purchase requirements.
In addition, Heylo Housing Association have advised that they
would be prepared to staircase a transaction to 100% ownership. This would mean that any potential purchaser would
buy the vendor’s 50% share and the remaining 50% share from
Heylo Housing Association providing a 100 % purchase on
completion. Your conveyancer will advise with regard to the
timescales involved and you should satisfy yourself in regard to
lending affordability.
Restrictions/Eligibility
- Buyers must be at least 18 years old- Buyers must have a total household income under £80,000 (£90,000 in London)
- Buyers must meet the Homes England affordability and sustainability assessments (see the Homes England calculator guidance for further information)
- Buyers are expected to use any savings and assets towards the purchase of their home. This may mean selling assets such as bonds, shares, land and any other financial investments.
- Buyers in receipt of benefits are eligible for shared ownership provided they meet the Homes England affordability assessment (not all benefits are eligible)
- Self-employed buyers must be able to provide 2-years evidence of their income
- Buyers must purchase the maximum share they can reasonably afford within the parameters of the Homes England calculator
- Shared owners must be first time buyers or do not own another property in the UK or any other country or have a memorandum of sale for their existing property.
- Buyers must have good credit history and must not have the following (for more information on acceptable credit for Home Reach please refer to the credit policy):
. A mortgage or rent arrears
. Other bad debts
. County Court Judgements
- Buyers must have a minimum 5% deposit towards the share they are purchasing
- Buyers may retain a portion of their savings to cover the costs of purchase and moving home (typically up to £5,000). This may include:
. Legal fees
. Stamp Duty Land Tax where applicable
. Mortgage application fees
. Valuation fees and any associated moving costs
Entrance Hall
Kitchen/Lounge/Diner
21' 4" x 12' 2" ( 6.50m x 3.71m )Bedroom One
12' 2" x 10' 10" ( 3.71m x 3.30m )En-Suite
Bedroom Two
12' 6" x 10' 10" ( 3.81m x 3.30m )Family Bathroom
Allocated Parking
Utilities, rights & restrictions
Utility supply:
- Electric Mains Supply
- Water Mains Supply
- Heating Electric
- Broadband FTTP
- Sewerage Mains Supply
Rights and restrictions:
- Private rights of way Yes
- Public rights of way No
- Listed property No
- Restrictions No
Risks:
- Flooded in last 5 years No
- Flood defences Ask agent
- Source of flood Ask agent
location
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energy efficient rating
Monthly mortgage estimate
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*PLEASE BE AWARE, THESE RESULTS ARE FOR ILLUSTRATIVE PURPOSES ONLY AND SHOULD NOT BE CONSIDERED AS A MORTGAGE
QUOTE. THESE ARE BASED ON A REPAYMENT MORTGAGE AND MAY VARY DEPENDING ON THE TERM AND INTEREST RATE OF YOUR
MORTGAGE.
LENDER FEES MAY ALSO BE APPLICABLE. IF YOU WOULD LIKE GUIDANCE ON THE RIGHT MORTGAGE FOR YOU, WE RECOMMEND SPEAKING TO ONE OF OUR MORTGAGE CONSULTANTS WHO WILL BE MORE THAN HAPPY TO HELP.
**The 4.19% annual interest rate is based on the Connells Group average mortgage interest rate taken from this year YTD and is correct as at 17/03/2026.
Any fees payable will be explained in your initial no-obligation appointment, before you choose whether to use our Mortgage Services.
LENDER FEES MAY ALSO BE APPLICABLE. IF YOU WOULD LIKE GUIDANCE ON THE RIGHT MORTGAGE FOR YOU, WE RECOMMEND SPEAKING TO ONE OF OUR MORTGAGE CONSULTANTS WHO WILL BE MORE THAN HAPPY TO HELP.
**The 4.19% annual interest rate is based on the Connells Group average mortgage interest rate taken from this year YTD and is correct as at 17/03/2026.
Any fees payable will be explained in your initial no-obligation appointment, before you choose whether to use our Mortgage Services.
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