2 bedroom house for sale
Coopers Meadow, Common Lane, ST17 0DX
Share percentage 10.00%, full price £250,000, £1,250 Deposit.
Share percentage 10.00%, full price £250,000, £1,250 Deposit
Monthly Cost: £679
Rent £516,
Service charge £24,
Mortgage £139*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
You may be eligible for this plot 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 pass the initial financial assessment with a financial advisor to show what share is available for you to purchase.
- A financial assessment is required for cash buyers or for those requiring a mortgage to show what share you can apply for.
To apply for Shared Ownership on this property you must have a local connection to the area.
Local Connection Requirements for Shared Ownership Housing in Bednall:
Priority Order
Applicants for shared ownership in Bednall must meet local connection criteria, listed in priority as follows:
Primary Suitable Households (Initial priority between 11th December 2024 and 2nd January 2025):
Current or Former Residents: Individuals who have lived in Bednall for at least 3 of the last 5 years, or 10 of the last 20 years.
Family Connections: Those with parents, siblings, grandparents, or adult children who currently live in Bednall and have done so for 3 of the last 5 years or 10 of the last 20 years.
Employment in Bednall: People who have worked in Bednall for at least 3 of the last 5 years or 10 of the last 20 years.
Secondary Suitable Households (If no suitable primary applicants found, then the areas widen between 3rd January 2025 and 7th February 2025:
Applicants from nearby parishes, will be prioritised in this order:
Bednall , Acton Trussell, and Teddesley Hay
Dunston, Coppenhall, and Penkridge
Any parish within the South Staffordshire District.
Open to Other Affordable Housing Applicants:
If no suitable applicants within the required local connection area(s) are found by close of business 7th February 2025, then any eligible shared ownership applicant may apply, subject to normal eligibility criteria and policies (further information can be found at https://www.severnhomes.co.uk/help-and-advice/).
Please also visit our website https://www.severnhomes.co.uk/shared-ownerships/
Summary
Common Lane- Plot 8, 2-bed semi-detached. Apply now!
Description
Buying shares that are affordable.
Before you can apply to buy a shared ownership home with Severn Homes part of Homes Plus, you will need to undertake a no-obligation, initial financial assessment with a financial advisor to ascertain the maximum share you can afford.
Shares advertised are a guide, having a financial assessment will show what share you can afford and will need to apply for.
Maximum staircasing to 80% on this plot. For more information about staircasing please look at https://www.gov.uk/shared-ownership-scheme/buying-more-shares-staircasing.
Initial Financial Assessment- Are you eligibe?
- We work closely with ‘The Mortgage People’ (TMP) they will help you complete the initial financial assessment.
- You can ‘Get an Assessment' by visiting- tmpmortgages.co.uk/assessment/or by calling 0800 4880 814.
- They are open, Monday to Friday 9am-5pm or via “Live Chat” until 8pm weekdays and between 10am-4pm on a Saturday.
- TMP will email us the outcome of your initial financial assessment based on your preferred development and plot.
- A member of our sales team will then contact you to confirm the outcome of the initial assessment and advise you of the next steps.
Note: This free initial financial assessment is essential whether you're applying for a mortgage or purchasing your shares outright with cash. This will show you what shares you can afford to apply for and is free. There may be a charge when you proceed to apply for a mortgage.
First Come, First Served.
Properties are sold on a first come, first served basis. Therefore, to avoid missing out, don’t delay, apply today.
The plots we are offering on this development have not been funded by Homes England. No application will be given priority, and all applications will be considered on a first come, first serve basis.
Some plots are sold ‘off plan’ and viewings may not be available straight away or until the initial financial assessment has been passed.
If there is anything else we can help with, please do not hesitate to contact our sales team Monday to Friday 8.30-5pm via Sales@SevernHomes.co.uk Or call Gail on 07976 924963 (Monday to Friday excluding Tuesdays)
Note:
- Additional information is available in the Key Information Document 1 & 3, Key Information Document 2 will be issued before the reservation fee is paid.
- A financial assessment is required for those requiring a mortgage and cash purchasers.
- Plot's are sold off plan. The anticipated build completion date of February/March 2025 is a guide and should not be relied upon until a fixed date has been given.
- This plot is offered for sale on a New Build development. Planning Ref: 19/0099/FUL.
- Properties have been built by J Harper & Sons
- For future planning and further information on and around this development please look at the council planning portal athttps://www.sstaffs.gov.uk/planning/view-and-comment-on-planning-apps
- The tenure of any development is subject to change over time.
- Pictures used are for illustration purposes only and may not show the exact property.
- Floor plans–for left/right-handed plots the layout may mirror the image.
- Correct at the time of advertising January 2025.
Predicted Council Tax Band is C-D (subject to confirmation by the Valuation Office Agency (VOA) post-completion). You can get further information on council tax by visiting Shropshire Council at https://next.shropshire.gov.uk/council-tax/charges-and-billing/current-council-tax-band-charges/
Remember, failure to pay your rent, service charge, or mortgage could mean your home is at risk of repossession.
Severn Homes is part of the Homes Plus Group.
More information about shared ownership can be found at https://www.gov.uk/shared-ownership-scheme.
Key Features
If you’re after a lovely quiet, rural lifestyle with beautiful countryside at your doorstep, Bednall could be your dream come true. Bednall is a small village in South Staffordshire. For commuting, Penkridge train station is only approx. 4 miles away from Bednall and Stafford town centre is about 20 minutes away. Bednall has it’s own CofE Primary School.
Property features.
- 2-bedrooms.
- Modern Kitchen.
- Lounge/diner.
- Built-in oven, hob and extractor hood.
- Flooring to kitchen area, downstairs WC and family bathroom.
- Convenient separate downstairs WC.
- Family bathroom.
- Private turfed and fenced garden.
- Electric Heating, consisting of Aeroflow Radiators.
- Solar Pannels.
- 2 off-road parking spaces to the back of the properties.
- 1 Stand-alone car charging point.
- LABC new build warranty.
- Approx. Gross Internal Floor Area-80.6sqm.
- EPC B rating.
- 990 years lease.
- Leasehold.
- Property construction-Timber frame construction with brick externals and pitched tile roof.
- Predicted Council Tax Band is B-D (subject to confirmation by the Valuation Office Agency (VOA) post-completion). For further information on council tax with Staffordshire Council https://www.sstaffs.gov.uk/council-tax.
- Floor plans–for left/right-handed plots the layout may mirror the image.
Important Information.
- Rights & Easements: None that we are aware of at the time of publishing.
- Restrictions for Shared Ownership Properties, this is by no means an exhaustive list.
- No Extensions: Extensions to the property are not permitted within the first 5 years. Following this time you will require your landlords permission prior to considering any extension.
- Rotary Airer Restrictions: Rotary airers are not allowed at the front of the properties.
- Vehicle and Parking Restrictions: No parking of heavy goods vehicles, caravans, boat trailers, or similar vehicles. Private motor vehicles/cycles over 3000kg or exceeding 2 metres in height are not permitted.
- Animal Restrictions: Keeping poultry, pigeons, or birds of prey is not allowed.
- Landscaping Restrictions: Trees or shrubs included in the landscaping scheme must not be removed.
- Machinery Restrictions: Only domestic machinery is allowed; no other types of machinery should be kept on the property.
- Satellite Dish Restrictions: Satellite dishes must not be erected at the front of the property.
- Not to leave a dustbin or other refuse container: On the property so as to be visible from the road, other than on the night before or day of collection.
Flood Risk: Flood Risk Zone 1
Flood Risk Zone 1: This is the lowest risk, indicating a less than 0.1% annual probability of flooding. We are not aware that the development is within an area which has been affected by flooding.
Particulars
Tenure: Leasehold
Lease Length: 990 years
Council Tax Band: New build - Council tax band to be determined
Property Downloads
Key Information Document Floor Plan Energy CertificateMap
Material Information
Total rooms: 6
Furnished: Unfurnished
Washing Machine: No
Dishwasher: No
Fridge/Freezer: No
Parking: Yes - Driveway
Outside Space/Garden: Yes - Private Garden
Year property was built: 2025
Unit size: 80.6sqm
Communal lift: No
Accessible measures: No
Flooded within the last 5 years: No
Listed property: No
Heating: Double Glazing, Electric
Sewerage: Mains supply
Water: Mains supply
Electricity: Mains supply
Broadband: FTTC (Fiber to cabinet)
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 £250,000, £1,250 Min Deposit. Calculated using a representative rate of 5.03%
