Share percentage 40.00%, full price £270,000, £1,350 Min Deposit.
Monthly Cost: £1,025
Rent £371,
Service charge £52,
Mortgage £602*
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
*PLOT 238* 3 Bed Semi-detached house in the Leicestershire village of Markfield. Includes an impressive specification as standard including flooring, modern kitchen with oven/hob & parking
Description
This brand new home is located on a new Jelson Homes development called Hay Meadows in the picturesque village of Markfield in Leicestershire. The village has everything you need for day-to-day living, offers excellent transport links & is just 8 miles from Leicester.
3 Bedroom Semi-detached House - Plot 238
- Entrance Hall with stairs to 1st floor
- Living room with bay window
- Kitchen/Diner with oven, hob & hood & French doors to rear garden
- Downstairs WC
- Three bedrooms
- Bathroom with a shower over the bath
- Flooring/carpets throughout
- Turfed rear garden
- Parking for 2 vehicles
The popular village of Markfield is located 8 miles north west of Leicester & is surrounded by stunning countryside. It offers a good range of local amenities including a supermarket, convenience stores, 2 public houses, restaurants/takeaways, a GP Surgery & post office.The village is located just off the A50, providing good access into Leicester & to junction 22 of the M1 motorway network.
PRICE
3 Bedroom £270,000 (100%)
40% share* £108,000 Rent = £371.25
Plus the following monthly charges:
Management Charge: £22.00
Buildings Insurance: £15.32
Service/Estate Charge: £15.08
Shared Ownership is ideal for first time buyers, or anyone who qualifies, and cannot afford to buy outright to get onto the property ladder. It is great if you have limited savings, as you only need a deposit for the share you buy. 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 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 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 typical Midland Heart property at this location.
>Any 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 3 Bedroom Semi-detached House
- New Shared Ownership scheme with a 990 year lease
- Located in the popular village of Markfield, 8 miles north west of Leicester
- Energy efficient new home
- Kitchen/Diner with oven & hob
- Carpets/Flooring throughout
- Parking for 2 vehicles
Particulars
Tenure: Leasehold
Lease Length: 990 years
Council Tax Band: Not specified
Property Downloads
Floor Plan Brochure BrochureVideo Tour
Map
Material Information
Total rooms:
Furnished: Unfurnished
Washing Machine: Yes
Dishwasher: Yes
Fridge/Freezer: Yes
Parking: Yes - Driveway
Outside Space/Garden: Yes - Private Garden
Year property was built: 2024
Unit size: Enquire with provider
Accessible measures: Enquire with provider
Heating: Enquire with provider
Sewerage: Enquire with provider
Water: Enquire with provider
Electricity: Enquire with provider
Broadband: Enquire with provider
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 10%, full price £270,000, £1,350 Min Deposit. Calculated using a representative rate of 5.03%
