4 bedroom house for sale

SHARED OWNERSHIP PURCHASE FROM 10% TO 75%

A fantastic opportunity to acquire a new build property situated on The Greenways development in Goole.

Briefly comprising: entrance hallway, breakfast/dining kitchen, utility room and cloakroom. With four good sized bedrooms, master with ensuite. Garage, driveway providing parking for two vehicles, EV charger and garden to rear.

Tenure - Leasehold.
Council Tax Band D
EPC RATING: A

Accomodataion Comprises -

Entrance Hallway - Composite half glazed door, matwell to the front entrance doorway and carpets to hall and stairs/landing.

Lounge - 3.21 x 4.76 (10'6" x 15'7") - UPVC double glazed bay window to front aspect, radiator and single pendant light fitting. Carpeted.

Breakfast Kitchen/Dining - 6.55 x 2.81 (21'5" x 9'2") - UPVC double glazed window and french doors to rear elevation, a range of base and wall mounted kitchen units, with integrated fridge/freezer, induction hob, extractor hood and wall mounted oven, stainless steel sink and a half drainer with mixer tap. Woodgrain effect worktops and upstands, vinyl flooring in herringbone and downlights. Radiator. Door leading to..

Utility Room - UPVC half glazed door leading to side and garden. With a range of base and wall mounted units, cupboard housing Combi Boiler. Vinyl flooring. Door leading to...

Downstairs Cloakroom - UPVC double glazed window to side elevation, low level WC, wall mounted hand wash basin. Vinyl flooring.

First Floor -

Landing - Loft hatch and storage cupboard. Doors leading to..

Master Bedroom - 5.23 x 4.45 (17'1" x 14'7") - UPVC double glazed window to front elevation, radiator and single pendant light fitting, opening into dressing area. Door leading to...

Ensuite - UPVC double glazed window to side elevation. Low level WC, shower cubicle with tiled splashbacks. pedestal wash basin, ladder towel rail, downlights, vinyl flooring.

Bedroom Two - 3.21 x 3.47 (10'6" x 11'4") - UPVC double glazed window to front elevation. radiator and single pendant light fitting.

Bedroom Three - 3.51 x 3.21 (11'6" x 10'6") - UPVC double glazed window to rear elevation, radiator and single pendant light fitting.

Bedroom Four - 3.36 x 3.44 (11'0" x 11'3") - UPVC double glazed window to rear elevation, radiator, single pendant light fitting.

Bathroom - UPVC double glazed window to rear elevation, white suite comprising, panel bath with mixer tap and shower over, shower screen and tiled splashback. pedestal wash basin and low level WC, ladder towel rail. extractor and downlights. Vinyl flooring.

Outside - To the front there is block paved driveway with parking for two vehicles and lawned area, EV charging point. To the rear there is a lawned garden, high level timber boundary fencing, side gate access and paved patio. Outside tap, outside lighting to both front and rear.

Additional Information - COUNCIL TAX BAND D - EPC RATING A

Services And Appliances - Mains water, electricity, gas and drainage connected to te property. No appliances have been tested by the agent.

Share Purchase Price And Rent Examples - Full market value £345,000 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 £86,250 and the rent will be £592.96 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% £34,500 £711.56
25% £86,250£592.96
30% £103,500 £553.44
40% £138,000 £474.38
50% £172,000 £395.31
60% £207,000 £316.25
70% £241,500 £237.19
75% £258,750 £197.66
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 Payments To Landlord - In addition to rent above, the montly payment to the landlord includes:
Service charge £0
Estate Charge £0
Building insurance £17.46
Management Fee £1.74
Reserve fund payment £0
Total monthly payment excluding rent £19.20

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. 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.

Tenure - Leasehold

Lease Type - Share term 990 years. For more information, see Lease extensions, section 2.5. in the "Key information about shared ownership" document.

Rent Review - Your rent will be reviewed each year by a set formula using the Consumer Price Index (CPI) for the previous 12 months plus 1%
For more information, see the Rent Review section in the 'Summary of Costs' document which includes an example of how rent could increase over a 5 year period. A worked example demonstrating how the rent is calculated at review is also set out in Appendix 2 of the lease.

Maximum Share You Can Own - You can buy to 100% ownership, the freehold will transfer to you.

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

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 the 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

Application Guidelines - Request & Complete ERYC Shared Ownership Application Form.
* An Affordability Assessment will determine your eligibility for shared ownership and the share that you can afford to purchase of a property. Cash Purchasers must still obtain an affordability assessment.
* The companies listed below are independent financial brokers with experience of shared ownership & providing the affordability assessments to the required standard. This assessment is FREE of charge and there is no obligation to obtain a mortgage via these companies.
*Metro Finance Tel;[use Contact Agent Button]
*The Mortgage People ;[use Contact Agent Button]

The assessment is split into 2 stages; an initial telephone assessment followed by an in-depth assessment for which you will need to provide documents. On receipt of a successful written initial assessment the property will be provisionally allocated to that applicant pending the successful completion of the in-depth assessment. This is in line with the Council’s 1st Come, 1st Served Policy. You can only reserve a property after successfully completing the in-depth affordability assessment and having your application approved by the Council. At this point you can reserve the property and we will request a Reservation Fee of £200, this will be deducted from the sale price on completion of the sale. Providing your application information does not commit you to purchasing a property.

Further information. The companies above will forward details and documents that are part of your affordability assessment to the Council for your application to be reviewed. The Council’s Shared Ownership Policy including the 1st Come, 1st Served appendix & the minimum surplus income appendix can be found on the ERYC website: *If you have any queries or wish to know about the shared ownership properties for sale please Email; [use Contact Agent Button], Tel;[use Contact Agent Button]