This property is no longer on the market
2 bedroom terraced house
Key information
Property description & features
- Shared Ownership Help To Buy
- Option To Purchase 25% 75% With Reduced Rent On Remaining Share
- Full Value £187,500 Purchase Options From £46,875 to £140,625
- New Build 2 Bedroom End of Terrace
- High Energy Efficiency
- Off Street Parking & Good Size Rear Garden
What is Shared Ownership?
Shared Ownership allows you to buy a share in your new home. This will range from 25%-75% depending on what you can afford. You will then pay a reduced rent on the remaining share. The advantage to you the buyer is that you only need to get a smaller mortgage to buy the property, and you will also need a smaller deposit (your deposit is a percentage of the share that you are buying and not based on the full value of the property). You can buy more shares as and when you can afford them - this is called 'staircasing'. As you buy more shares you will pay less rent. In most cases you can eventually own 100% of the property and at that point you will pay no rent at all. As a homeowner you will be responsible for the maintenance and repairs on your home
Financial Example
Property value - £187,50025% share purchase price - £46,875 (Mortgage & Deposit)Monthly rent payable on the remaining 75% at 2.75% - £322.2750% share purchase price - £93,750 (Mortgage & Deposit)Monthly rent payable on the remaining 50% at 2.75% - £214.8475% share purchase price - £140,625 (Mortgage & Deposit)Monthly rent payable on the remaining 25% at 2.75% - £107.42Term and conditions apply
Why Shared Ownership?
1. An affordable way to get on the housing ladder2. Provides security of home ownership3. Benefit from any increase in property prices4. Flexibility to sell and move at any time5. Ability to increase the level of ownership, subject to terms and conditions
Eligibility
If your household income is below £80,000 per annum and you can afford to sustain mortgage and rent payments in the long term then Shared Ownership could be your route onto the property ladder. Prior to reserving you will need approval from Help To Buy which you can apply for by visiting the Help To Buy website at
Availability - Coming Soon
Plot 102 - 2 Bed End House - 761 sq ft - Full Value £187,500Plot 103 - 2 Bed Mid House - 761 sq ft - Full Value £185,000Plot 104 - 2 Bed End House - 761 sq ft - Full Value £187,500Plot 107 - 2 Bed Semi-Detached - 761 sq ft - Full Value £190,000Plot 108 - 2 Bed Semi-Detached - 761 sq ft - Full Value £190,000
Further Details
For further details or to register your interest please contact our sales team on[use Contact Agent Button]
Agents Notes
Please note:In most cases we use wide angle lens photography to ensure we capture as much of the room and its features. This can distort the image slightly and should be considered alongside the other details within the particulars. Oscars give notice that these particulars whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Purchasers and potential purchasers should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise to assess their accuracy. No person in the employment of Oscars has the authority to make or give any representation or warranty in relation to the propertyFree Valuation:If you are considering selling your property, we would be delighted to provide a free valuation and marketing advice. Please contact the office on[use Contact Agent Button] to arrange an appointment.
Fixtures & Fittings
Fixtures and Fittings:Fixtures and fittings within the property may be available by separate negotiation unless otherwise stated. Any items of particular importance to you can be verified with our team.
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*DISCLAIMER
Property reference 10980860. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Oscars Estate Agents - Hull.
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Broadband availability and predicted speed
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
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Mobile phone signal availability and predicted strength
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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