2 bedroom semi-detached house for sale
Key information
Property description & features
- Tenure: Leasehold
- 40% shared ownership - Option to purchase 100% via Bromford (Subject to elegibility and financial checks)
- Two bedroom semi-detached (Built in 2022 by Redrow Homes)
- Sought after modern development
- Beautifully presented and well maintained
- Two off-road parking spaces via driveway
- Front and rear garden
- Versatile living room/dining room
- Close to amenities, schools and transport links
- Still under NHBC warranty
- £367.81 PCM rent, £35.81 PCM payment to landlord
Still under NHBC warranty, the layout is arranged over two floors, with the ground floor comprising: entrance hall with storage cupboard, stylish kitchen with integrated appliances, versatile living room/dining room with French patio doors leading out to a South-West facing rear garden, as well as a downstairs cloakroom. Upstairs boasts two spacious bedrooms with an adjoining bathroom, whilst outside further offers two off-road parking spaces via driveway and a front garden laid to lawn: this being a rarity for a property of this size.
Positioned within close proximity to the town of Stonehouse, the property offers great transport links via the M5 and Stonehouse train station, with both primary and secondary schools situated nearby. As part of the development itself, the area provides a variety of parks and walking trails - All the above being accessible within 1.6 miles.
Anticipated to receive a high level of interest, an early viewing is advised to avoid missing out on this eye catching property.
Rooms
Shared Ownership Information
The share purchase price is calculated using the full market value and the percentage share purchased. If you buy a 40% share, the share purchase price will be £106,000.00 and the rent will be £367.81 a month. If you buy a larger share, you'll pay less rent.
The percentage share and rent amount will change depending on the amount you can afford. You'll receive a worked example after a financial assessment. Your annual rent is calculated as 60% of the remaining share of the full market value owned by the landlord.
Monthly Payment to Landlord
In addition to the rent above, the monthly payment to the landlord includes:
Service charge - £18.47
Estate charge - £0.00
Buildings insurance - £9.68
Management fee - £7.66
Reserve fund payment - £0.00
Total monthly payment excluding rent - £35.81
Eligibility
You can apply to buy the home if both of the following apply:
• Your household income is £80,000 or less
• You cannot afford all of the deposit and mortgage payments to buy a home that meets your needs
One of the following must also be true:
• You're a first-time buyer
• You used to own a home but cannot afford to buy one now
• You're forming a new household - for example, after a relationship breakdown
• You're an existing shared owner, and you want to move
• You own a home and want to move but cannot afford a new home for your needs
If you own a home, you must have completed the sale of the home on or before the date you complete your shared ownership purchase.
As part of your application, your finances and credit history will be assessed to ensure that you can afford and sustain the rental and mortgage payments.
You must have a local connection to n/a either through residency, work or family in line with the nomination agreement.
Bromford will need to check that (truncated)
Additional Information
You can buy up to 100%, to which the freehold will transfer to you. Pets are allowed at the property.
Landlord - Bromford Housing Group Limited
Places of interest
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Property reference STR230479. 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 The Property Centre - Stroud.
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Broadband availability and predicted speed: obtained from Ofcom on December 11, 2023
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:
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Super-fast: Between 30 Mbit/s and 300 Mbit/s
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Mobile phone signal availability and predicted strength: obtained from Ofcom on December 11, 2023
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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: obtained on September 22, 2022 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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