1/16
£114,000
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.
Brand New 4 Bedroom Semi-detached Houses at Drakelow Park, a new neighbourhood close to Burton on Trent.
These new homes include:
- Entrance Hall
- Spacious Living room
- Kitchen/Diner with oven/hob & French doors to rear garden
- Downstairs WC
- Four Bedrooms
- Bathroom with shower over the bath
- Gas-fired central heating
- Carpets/Flooring throughout
- Turfed rear garden
- Parking for 2 vehicles
PRICE
Full Market Value £285,000 (100%)
40% share* = £114,000 Rent = £391.88
Plus the following monthly charges:
Management Charge: £22.00
Buildings Insurance: £21.74
Estate Charge: £3.52
Drakelow Park has the River Trent to the North, and open fields to the South. Less than 4 miles south of Burton-upon-Trent, the location benefits from all the facilities of this market town including shops, supermarkets and popular local pubs and restaurants. The neighbouring village of Stapenhill also offers a range of amenities.
There are miles of footpaths to enjoy walking or cycling by the river within walking distance, as well as great choice of schools and transport links within very easy reach.
Burton-on-Trent railway station is 3 miles away, with regular services to Derby, Nottingham and Birmingham. East Midlands Airport is only 30 minutes away by car, while Birmingham Airport can be reached in 35 minutes.
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) & 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 4 bed house type.
>Floor plans depict a typical layout of this house type and are for illustrative purposes only. They are 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 image of the plan shown & some aspects may differ.
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