Share percentage 25%, full price £190,000, £2,375 Min Deposit.
Monthly Cost: £645
Rent £327,
Service charge £53,
Mortgage £265*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
You may be eligible for this property if:
- You have a gross household income of no more than £80,000 per annum.
- You are unable to purchase a suitable home to meet your housing needs on the open market.
- You do not already own a home or you will have sold your current home before you purchase.
- You have a good credit history (no CCJ’s, defaults, IVA’s, or bankruptcy outstanding)
- You are assessed as being able to afford and sustain shared ownership.
Summary
*£500 CASHBACK^* Brand new 2 Bed home exclusive to Midland Heart. Sought after location within easy reach of Burton upon Trent. Modern Kitchen with Oven/Hob/Hood. Carpets/Flooring throughout. Parking
Description
*Under Offer* 2 Bedroom End Terrace House - Last Plot
^£500 Cashback available
This new home comprises:
- Entrance Hall
- Downstairs WC
- Modern Fitted Kitchen with oven, hob & hood
- Living/Dining room with French doors to rear garden
- Two Bedrooms
- Bathroom with shower over the bath
- Gas-fired central heating
- Flooring/carpets throughout
- Turfed rear garden
- Parking for 2 vehicles
This development is situated off Henhurst Hill, less than 3 miles west of Burton Upon Trent. The nearby local area is home to numerous parks, local woodland, meandering canal ways and nature reserves such as Branston Water Park.The market town of Burton Upon Trent offers a good choice of amenities including high street stores, cafés, restaurants and bars. There is a Sainsbury's, a Tesco and Asda superstore as well as a wide range of independent shops.
The nearby A38 provides excellent road links to Derby, Lichfield and beyond. Burton upon Trent railway station is within a 10 minute drive and offers regular services to Derby, Nottingham and Birmingham. East Midlands Airport is only 35 minutes away by car.
PRICE
2 Bedroom £190,000 (100%)
25% share* = £47,500 Rent = £326.56
Plus the following monthly charges:
Management Charge: £22.00
Buildings Insurance: £13.42
Service/Estate Charge: £17.08
^£500 Cashback subject to terms and conditions and only payable upon completion, on or before 29th January 2025. Only available on specific plots.
Shared Ownership homes provided through the new Shared Ownership and Affordable Homes Programme 2021 to 2026 with a 990 year lease.All applicants are required to check they meet the criteria for Shared Ownership as set out at GOV.UK.
The Price advertised is for our target share of 25% and is for illustration purposes only (to give an indication of the cost of purchase, rent, etc); it is not the minimum or maximum that is available for purchase. Other shares are available upon request & will be based on affordability, proceed ability & sustainability. There are opportunities to buy more shares to own 100% of the property in the future.
Buyers will be considered on first come first served basis (assuming affordability, proceed ability & sustainability checks are met). Buyers need to demonstrate maximum affordability which will be determined via a Mortgage advisor prior to any agreed sale.
Amount advertised is subject to change. An additional monthly rental charge applies that includes rent, buildings insurance, estate and management charge but excludes any mortgage payment.
^Any images/photographs shown are for illustrative purposes only& simply represent a typical example of this house type.
>Floor plans depict a typical layout of this house type and are for illustrative purposes only. Properties may also be built ‘handed’ (mirror image) of those illustrated. Midland Heart reserves the right to alter and change certain aspects of a property – for exact plot specification please request a viewing. These particulars do not form part of a contract or warranty.
Key Features
- Brand New 2 Bedroom House exclusive to Midland Heart
- Available on new Shared Ownership scheme with 990 year lease
- ^£500 Cashback available
- Sought-after location within easy reach of Burton Upon Trent
- Modern fitted kitchen with oven, hob & hood
- Living/Dining Room with French doors to rear garden
- Carpets/Flooring throughout
- Parking for 2 vehicles
- Energy efficient new home
Particulars
Tenure: Leasehold
Lease Length: 990 years
Council Tax Band: Not specified
Property Downloads
Key Information Document Floor PlanVideo Tour
Map
The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.
- Rent: This is charged on the share you do not own and is usually payable to a housing association (rent is not generally payable on shared equity schemes).
- Service Charge: Covers maintenance and repairs for communal areas within your development.
- Mortgage: Share to Buy use a database of mortgage rates to work out the rate likely to be available for the deposit amount shown, and then generate an estimated monthly plan on a 25 year capital repayment basis.
NB: This mortgage estimate is not confirmation that you can obtain a mortgage and you will need to satisfy the requirements of the relevant mortgage lender. This is not a guarantee that in practice you would be able to apply for such a rate, nor is this a recommendation that the rate used would be the best product for you.
Share percentage 25%, full price £190,000, £2,375 Min Deposit. Calculated using a representative rate of 5.03%
