House types and Plot costs

Buildings Costs are approximate & based on £70/sq. ft.

House Type	Cost of Plot	Cost of Building	Finished House /Flat
Studio top 256 sq. ft. (X3)	£14,000	£18,000	£32,000
Studio bottom 270 sq. ft. (X3)	£12,000	£19,000	£31,000
Studio house 570 sq. ft. (X3)	£26,000	£40,000	£66,000
2 bed attic flat 500 sq. ft. (X1)	£26,000	£35,000	£61,000
2 bed ground flat 500 sq ft (X1)	£22,000	£35,000	£57,000
2 bed flat 650 sq. ft. (X5)	sold
3 Bed House 900 sq.ft. (X8)	sold
4 Bed House 1300 sq.ft. (X6)	sold
4 Bed Slad Rd 1360 sq. ft. (X2)	£38,000	£96,000	£134,000
4/5 Bed House 1600 sq. ft. (X 6)	sold

Members must first buy their chosen plot and then pay for the building. The above plot costs are fixed on 1^st June 2001 and increase by 10% p.a. pro rata. See “How to Join” for details on paying for the plot and the building phase. Each household must pay £6,000 (£3,000 for single studios) towards the communal house or service a mortgage of about £40/month. Building is expected to start in Nov/Dec 2001 and finish in Summer 2002. Integral parking is included with the remaining houses on Slad Road, private parking spaces can be bought for £2,000 for the studios and flats. There will be a car sharing scheme operating – so owning a car is not necessary. Bicycle storage is available.

Subsidy for Stroud Residents with low income

The Cohousing Company is providing an equity share of £10,000 for each of 3 units. Two of these subsidies are still left as of 21^st June 2001. They apply to either the studio house or the ground floor flat. That means that for instance the ground floor flat will only cost £47,000 instead of £57,000 – that will allow you to get a mortgage without a deposit, as the £10,000 will count as 17.5% deposit. Please apply to info@cohouses.net if you think you may be eligible. There are special arrangements for paying reduced amounts for shares and servicing the loan during the building phase.