5 Short Lane, Long Itchington, Southam, CV47 9PB

Property Overview

Arranged over two floors, the home offers a bright and well designed layout suited to modern living. The ground floor features a welcoming living room providing a comfortable space for relaxing, alongside a spacious kitchen and dining area ideal for cooking, entertaining and everyday family life. The kitchen-diner also benefits from direct access to the garden, creating a natural flow between indoor and outdoor space. A convenient downstairs WC is also located on this level.

Upstairs, the property offers two well proportioned bedrooms, both providing good natural light and flexible accommodation for couples, small families or those working from home. A modern family bathroom serves the first floor and has been thoughtfully positioned for convenience.

Outside, the home benefits from a generous private rear garden, offering an excellent space for outdoor dining, gardening or simply enjoying a quiet moment outdoors. The property also includes allocated parking to the front of the home.

With its practical layout, private garden and attractive village setting, this home presents an excellent opportunity for buyers looking to step onto the property ladder through Shared Ownership.

Financial Breakdown

• Full Market Value: £235,000
• 50% Share Value: £117,500
• Rent on unowned share: £217.43 per month
• Service Charge: £19.05 per month
• Lease Remaining: 160 years
• No Chain

Location

Situated in the picturesque village of Long Itchington, the property enjoys a peaceful setting while remaining well connected to surrounding towns and transport links.

The village offers a welcoming community atmosphere along with a range of local amenities including a village shop, post office, cafes and independent businesses. Just a short drive away, the nearby market town of Southam provides supermarkets, bakeries, pharmacies and additional everyday services.

Transport connections are excellent, with road links via the A423, A425, A426 and M40, while nearby railway stations in Leamington Spa, Warwick, Rugby and Coventry provide services to Birmingham, London and other major destinations.

The surrounding countryside offers scenic walking routes, cycle paths and canal walks, while nearby Leamington Spa and Warwick provide further leisure opportunities including theatres, parks, shopping and historic attractions.

This property is well suited to first time buyers, young families or professionals seeking a modern home within a peaceful village setting while still benefiting from strong commuter links.

What is Shared Ownership?

Shared Ownership offers a more accessible route to homeownership by allowing you to purchase a share of a property’s value while paying a subsidised rent on the remaining share.

Over time, you may choose to buy additional shares in your home through a process known as staircasing, potentially increasing your ownership up to 100%. Deposits and mortgage payments are based on the share purchased, meaning costs are often lower than buying outright or renting privately.

Legal & General Affordable Homes is a Registered Provider delivering Shared Ownership homes and committed to creating well designed communities and supporting buyers throughout their home buying journey.

Eligibility Criteria

To be eligible for Shared Ownership, you will need to:

• Have a combined household income under £80,000 per year
• Not already own a property, or part of a property, at the time of completing your purchase
• Be unable to purchase a suitable home to meet your housing needs on the open market

About Highlight Housing

We are The Affordable Homes Agency.

Finding an affordable home should not feel impossible. Highlight Housing exists to improve access to good-quality, safe, affordable homes for sale and rent across the UK, working with trusted housebuilders, housing associations, private sellers and landlords.

With over 15 years’ experience across shared ownership, shared equity, mid-market rent and rent to buy, we provide clear, practical guidance that helps people understand what is genuinely within reach.

Our focus is on supporting individuals and families to move forward with confidence into a secure, well managed future home they can afford.

Shared Ownership Disclaimer

Shared Ownership is subject to eligibility, affordability checks and the terms of the lease. Rent is payable on the share not owned, along with any applicable service charges and other outgoings. Staircasing is subject to a valuation at the time of purchase and additional legal and valuation costs may apply. Priority may be given to applicants with a local connection. All information provided is for guidance only and does not form part of any contract.