2 bedroom house

*Shared Ownership Purchase From 10% to 75%*

Welcome to The Gramercy, 3 Covert Croft, Goole - a charming house that could be your ideal first home! This modern new build by Beal Homes offers a delightful living experience with its 2 bedrooms, perfect for a small family or those looking for extra space.

As you step inside, you'll be greeted by a light & airy reception room, ideal for relaxing or entertaining guests. The open-plan contemporary dining kitchen is a highlight, featuring bifold doors that bring the outdoors in, creating a seamless living space.

The property boasts a downstairs cloakroom for convenience and a modern bathroom suite on the first floor, complete with a shower over the bath. The master bedroom comes with built-in storage/wardrobe space, ensuring you have ample room for your belongings.

This house offers a tranquil escape from the hustle and bustle of city life while still being within reach of local amenities. Don't miss out on the opportunity to make this house your home sweet home!

East Riding of Yorkshire Council: Tax Band C
Energy Performance Certificate - B
Tenure: Leasehold

The Accommodation Comprises: -

Ground Floor -

Entrance Hall - Half glazed front entrance door leads into the entrance hall with radiator.

Lounge - 3.63m x 3.74m (11'10" x 12'3") - Window to front elevation, wifi point, tv point, power points and radiator.

Dining Kitchen - 3.70m x 2.81m (12'1" x 9'2") - Fitted with a range of modern wall and floor units with contemporary work surfaces, integrated oven & hob with cooker hood over, brushed stainless steel splashback. One and half bowl stainless steel sink unit, wall mounted unit housing gas fired central heating boiler, radiator, bi-fold doors to the rear patio area, laminate flooring, power points & understairs cupboard.

Cloakroom - 1.52m x 0.23m (4'11" x 0'9") - Modern white suite comprising low flush wc, wall mounted wash hand basin with mixer tap & tiled splash back. Laminate flooring & window to the rear aspect..

First Floor -

Landing -

Bedroom One - 3.73m x 3.16m (12'2" x 10'4") - Built in cupboard/wardrobe space with double doors, radiator, power points & window to front aspect.

Bedroom Two - 3.23m x 2.55m (10'7" x 8'4") - Radiator, power points, loft access & window to rear aspect.

Bathroom - 2.10m x 1.95m (6'10" x 6'4") - Three piece modern white suite comprising: panelled bath with mixer tap, part tiled with shower over, chrome fittings, shower screen, pedestal wash hand basin with tiled splashback , low flush wc. Shaver socket, heated ladder towel radiator, laminate flooring, window to rear aspect.

Outside - To the front of the property a block paved driveway with parking space for two vehicles, open aspect. A pathway to the side elevation gives access to the rear of the property with an enclosed lawned rear garden area and separate patio.

Additional Information -

Services - Mains gas, electricity, water & drainage are connected to the property.

Appliances - No appliances have been tested by the agents.

Share Purchase Price And Examples - The share purchase price is calculated using the full market value and the percentage share purchased.

If you buy a 25% share, the share purchase price will be £45,000 and the rent will be £309.38 a month.

If you buy a larger share, you'll pay less rent. The table below shows further examples.

Share Share Purchase Price Monthly rent
10% £18,000£371.25
25% £45,000£309.38
30% £54,000£288.75
40% £72,000£247.50
50% £90,000£206.25
60% £108,000£165.00
70% £126,000£123.75
75% £135,000£103.12

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 2.75% of the remaining share of the full market value owned by the landlord.

Monthly Payment To The Landlord - In addition to the rent above, the monthly payment to the landlord includes;
Service charge £0
Estate charge £0
Buildings insurance £6.23
Management fee £0.62
Reserve fund payment £0
Total monthly payment excluding rent £6.85

Reservation Fee - Reservation fee£200

You'll need to pay a reservation fee to secure your home. When you pay the fee, no one else will be able to reserve the home.
The reservation fee secures the home for 84 days. If you buy the home, the fee will be taken off the final amount you pay on completion. If you do not buy the home, the fee is not refundable.

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 to buy 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.

Lease Type - Shared Ownership House Lease

Lease Term - 990 Years
For more information see section 2.5 Lease extensions, in the 'Key Information' about Shared Ownership Document.

Transfer Of Freehold - At 100% ownership, the freehold will transfer to you.

Landlord - East Riding of Yorkshire Council
County Hall
Cross Street
Beverley
HU17 9BA

Under a shared ownership lease, you pay for a percentage share of the market value of a home. You enter into a lease agreement with the landlord and agree to pay rent to the landlord on the remaining share.

Landlords Nomination Period - When you give the landlord notice that you intend to sell your share in your home, the landlord has 4 weeks to find a buyer. The landlord may offer to buy back your share, but only in exceptional circumstances and if they have funds available. If they do not find a buyer within 4 weeks, you can sell your share yourself on the open market. For example, through an estate agent.

Pets - You can keep pets at your home

Subletting - You cannot sublet (rent out) your entire home unless you either:

.own a 100% share; or
.have your landlord's permission which they will only give in exceptional circumstances (see section 1.5 in 'Key information about shared ownership' document)

And have your mortgage lender's permission if you have a mortgage