Share percentage 25%, full price £300,000, £3,750 Min Deposit.
Monthly Cost: £990
Rent £516,
Service charge £56,
Mortgage £418*
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 Semi-detached houses in the popular riverside village of Bidford-on-Avon.Our homes include an impressive specification as standard including flooring, modern kitchens with oven/hob & parking
Description
Available Now - The Cedar 3 Bedroom Semi-detached Houses
These new homes all include:
- Entrance Hall
- Modern fitted Kitchen with oven, hob & hood
- Downstairs WC
- Living/Dining room with French doors to rear garden
- Three Bedrooms
- Bathroom with shower over bath
- Gas-fired central heating
- Flooring/carpets throughout
- Turfed rear garden
- Allocated parking for 2 vehicles
Bidford-on-Avon is a large village on the River Avon near to the western border of Warwickshire. It is situated 5 miles south of Alcester, midway between the towns of Stratford upon Avon (7 miles) and Evesham (7 miles).
It has a good range of amenities for everyday living including, a supermarket, chemist, post office, pubs, restaurants, cafe, dentist, doctor, optician and village school. The village also benefits from the Big Meadow, a 26 acre recreational park by the River Avon.The A46 is located near to the village & offers convenient access to the M5 (J7) and to the M40 (J15).
PRICE
3 Bedrooms £300,000 (100%)
25% share* £75,000 Rent = £515.63
75% share £225,000 Rent = £171.88
Plus the following monthly charges:
Management Charge: £22.00
Buildings Insurance: £15.32
Service/Estate Charge: £18.18
*The Price advertised is for the minimum share of 25% and is for illustration purposes only (to give an indication of the cost of purchase, rent, etc); it is not the maximum that is available for purchase. Higher 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.
All applicants are required to check they meet the criteria for Shared Ownership as set out at GOV.UK.
^Any images/photographs shown are for illustrative purposes only.
>Floor plans depict a typical layout of the house types and are for illustrative purposes only. Room sizes are approximate only and not intended to be used for carpet sizes, appliance sizes or items of furniture. For exact plot specification, please speak with our Sales Adviser. Some properties may be a mirror of the plan shown.
Key Features
- Exclusive to Midland Heart
- Brand New 3 Bedroom Semi-detached Houses
- Available to buy on Shared Ownership
- Located in the popular riverside village of Bidford-on-Avon
- Energy efficient new homes
- Kitchen includes oven & hob
- Carpets/Flooring throughout
- Parking for 2 vehicles
Particulars
Tenure: Leasehold
Lease Length: 125 years
Council Tax Band: Not specified
Property Downloads
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 25%, full price £300,000, £3,750 Min Deposit. Calculated using a representative rate of 5.03%
