4 bedroom semi-detached house for sale
Key information
Property description & features
- Tenure: Leasehold
- New Build Shared ownership
- Share based on affordability
- 10 Year NHBC Guarantee
- Parking and Garden
- Fitted floor coverings included
- Fitted oven, hob and hood
- Family bathroom with shower over bath
- Local connection required
- PV Panels
One of the standout features of this property is the inclusion of solar panels, a fantastic eco-friendly addition that not only helps the environment but also reduces your energy bills. Parking will never be an issue with space for two vehicles, providing ease and convenience for you and your guests.
This property offers shared ownership, making it an affordable option for those looking to step onto the property ladder. Additionally, floor coverings are provided, saving you the hassle of having to install them yourself.
Don't miss out on the opportunity to own this beautiful home in Reed Close. Book a viewing today and envision the life you could create in this wonderful property.
How Does Shared Ownership Work? - If you bought a home on the open market, you would agree a purchase price through an estate agent. Then you would take out a mortgage to cover the total purchase price of the property minus any deposit you might have available.
With Shared Ownership, the price of the property is fixed at the open market value, as assessed by a qualified valuer. You borrow just enough to cover the share you are buying. This is referred to as equity share.
The equity share amount will be an amount that you can afford, as set out under government guidelines. The total monthly cost of the rent, plus your
mortgage, will be lower than the monthly cost if you bought the property outright with a mortgage.
For legal reasons, while you are only buying a part-share of the property, you will have a leasehold interest of 990 years where the scheme allows. However, you may buy further shares. This is called 'staircasing', and may
eventually progress to outright ownership.
Shared Owners Information - Shared ownership is a part buy part rent property from Two Rivers Housing.
You purchase a share with the help of a mortgage based on affordability and the minimum share being sold.
OMV - £355,000
25% Share - £88,750
Rent on remaining share - £610.16 pcm (please note the rent element of this payment will increase every April)
Service Charges and Buildings Insurance - £46.87pcm
You must successfully register with Two Rivers Housing, have a mortgage in principle and have a local connection to the area.
Rooms Sizes - Brand new 4 bed house comprising of lounge, kitchen/diner, WC, 4 bedrooms, bathroom, allocated parking and rear garden.
Room sizes are approximate as these properties are under construction.
Ground Floor:
Lounge 457 cm (max) x 416cm
Kitchen / Diner 442cm x 433cm
Downstairs W/C
First Floor:
Bedroom 1: 343cm x 421cm
Bedroom 2: 315 cm x 331cm
Bedroom 3: 206cm x 321cm
Bedroom 4: 235cm x 321cm
Family bathroom with shower over bath
Disclaimer - All measurements are approximate. We have not checked the serviceability of any appliances, fixtures or utilities (i.e. water, electricity, gas) which may be included in the sale. We cannot guarantee building regulations or planning permission has been approved and all prospective purchasers should satisfy themselves on these points prior to entering into a contract. Consumer Protection from Unfair Trading Regulations 2008. The Agent has not tested any apparatus, equipment, fixtures and fittings or services and so cannot verify that they are in working order or fit for the purpose. A Buyer is advised to obtain verification from their Solicitor or Surveyor. References to the Tenure of a Property are based on information supplied by the Seller. The Agent has not had sight of the title documents. A Buyer is advised to obtain verification from their Solicitor. Items shown in photographs are NOT included unless specifically mentioned within the sales particulars. They may however be available by separate negotiation. Buyers must check the availability of any property and make an appointment to view before embarking on any journey to see a property.
Services - All mains services are connected.
Artist Impressions - All images are used for illustrative purposes only and are representative only. They may not be the same as the actual home you purchase and the specification may differ. Images may be of a slightly different model of home and may include optional upgrades and extras which involve additional cost. Individual features such as windows, brick, carpets, paint and other material colours may vary and also the specification of fittings may vary. Any furnishings and furniture are not included in any sale.
Two Rivers Housing - TwoCan estate agents are advertising this property on behalf of Two Rivers Housing. Two Rivers Housing are the owners of Twocan and the Centigen brand.
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*DISCLAIMER
Property reference 33070025. 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 Twocan - Newent.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on December 25, 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:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on December 25, 2023
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
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.