Share percentage 40%, full price £300,000, £6,000 Min Deposit.
Monthly Cost: £1,134
Rent £413,
Service charge £53,
Mortgage £668*
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 3 Bedroom Semi-detached house located in the sought after village of Stoke Golding, 3 miles northwest of Hinckley. Kitchen/Diner with oven-hob, flooring throughout & parking.
Description
On a new development called Stoche Acre in the sought after village of Stoke Golding near Hinckley in Leicestershire.
£500 Cashback^ available on this plot
Plot 58 - This 3 Bedroom Semi-detached house comprises:
- Entrance Hall with stairs to 1st floor
- Downstairs WC
- Kitchen/Diner to the front with fitted kitchen & oven, hob and hood
- Living room with French doors to the rear garden
- Three bedrooms
- Bathroom with a shower over the bath
- Gas-fired central heating
- Flooring/carpets throughout
- Turfed rear garden
- Parking for two vehicles
The Stoche Acre development is located in the village of Stoke Golding on the edge of Leicestershire, close to the Warwickshire border. This charming and historic village is surrounded by beautiful countryside and is known for its friendly community. The location is great for those who want to enjoy the peace and quiet of a small village while still being close to all the amenities. Stoke Golding is close to the market towns of Hinckley (3 miles) & Nuneaton (5 miles) with all their amenities and a short drive from the lively cities of Leicester (16 miles) & Coventry (14 miles).
PRICE
3 Bedroom Semi-detached £300,000 (100%)
40% share £120,000* Rent = £421.50
75% share £225,000 Rent = £171.88
Plus the following monthly charges:
Management Charge: £22.00
Buildings Insurance: £15.32
Estate Charge: £16.07
£500 Cashback^ subject to terms and conditions and only payable upon completion on/before 30th January 2025. Only available on plot 58.
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 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 a Midland Heart property.
>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 house
- £500 Cashback^ available on Plot 58
- Available Now on the new Shared Ownership scheme with a 990 year lease
- Sought after village location, 3 miles northwest of Hinckley
- Energy efficient new homes
- Kitchen/Diner with oven, hob & hood
- Carpets/Flooring throughout
- Parking for 2 vehicles
- Private garden
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 40%, full price £300,000, £6,000 Min Deposit. Calculated using a representative rate of 5.03%
