Share percentage 40%, full price £255,000, £5,100 Min Deposit.
Monthly Cost: £972
Rent £351,
Service charge £53,
Mortgage £568*
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
Brand New 3 Bedroom Semi-detached houses in the market town of Coalville, close to the town centre. The properties include flooring throughout, kitchen with oven & hob, a private garden & parking.
Description
Available Now - Brand New 3 Bedroom Semi-detached houses - Plots 69 & 70
Exclusive to Midland Heart - a new development on Wolsey Road in Coalville, close to the town centre. Great central location for all local amenities with easy access to the A511.
Property details:
- Entrance Hall with stairs to 1st floor
- Downstairs WC
- Living room
- Kitchen/Dining room with door to garden
- Three bedrooms
- Bathroom with shower over bath
- Turfed garden
- Parking for 2 vehicles
Coalville is located in north west Leceistershire, in the heart of the National Forest. This busy market town offers a range of amenities including shops, schools, cafes, pubs & restaurants, & recreational amenities.The town lies on theA511 road between Leicester and Burton upon Trent, close to junction 22 of the M1 motorway.
PRICE
3 Bedroom House £255,000 (100%)
40% share* £102,000 Rent = £350.63
Plusthe following monthly charges:
Management Charge: £22.00
Buildings Insurance: £15.32
Estate Charge: To be confirmed
All applicants are required to check they meet the criteria for Shared Ownership as set out at GOV.UK in the first instance.
The Price advertised is for our target share of 40% 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 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.
>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
- 3 Bedroom Semi-detached houses - Exclusive to Midland Heart
- Available on the new Shared Ownership scheme with a 990 year lease
- Option to buy more shares to own 100% of the property in the future
- Conveniently located close to Coalville town centre
- Kitchen/Diner with oven, hob & hood
- Carpets/Flooring throughout
- Parking for 2 vehicles
- Private garden
- Energy efficient new home
Particulars
Tenure: Leasehold
Lease Length: 990 years
Council Tax Band: Not specified
Property Downloads
Key Information Document Floor Plan BrochureVideo 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 40%, full price £255,000, £5,100 Min Deposit. Calculated using a representative rate of 5.03%
