2 bedroom house for sale

Available

11 Poplar Close, Penkridge, ST19 5AU

£112,500 · Shared Ownership New Build

Share percentage 50%, full price £225,000, £5,625 Min Deposit.

Available
2 bedrooms
Floor plan
floor-plan
Floor plan
floor-plan
£112,500 Shared Ownership New Build · Eligibility Eligibility

Share percentage 50%, full price £225,000, £5,625 Min Deposit.

Monthly Cost: £867
Rent £258, Service charge £50, Mortgage £559*

Calculated using a representative rate of 3.92%

Calculate estimated monthly costs

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Eligibility
To be eligible for shared ownership you would need to meet the following criteria:
  • Your household income does not exceed £80,000 (outside of London) and £90,000 (inside of London)
  • You have a deposit of at least 5% of the share value
  • You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
  • This will be your only residence.
  • You are a permanent UK resident or have indefinite right to remain.
Please note the minimum share you can purchase can vary depending on your financial situation and you may be asked to purchase a larger share, should your personal circumstances permit.
Summary

Wonderful and Spacious, 2 bedroom terraced house in the Penkridge development. The price advertised represents purchasing a 50% share of the home

Description

Wonderful and Spacious, 2 bedroom terraced housein the Penkridge development. The price advertised represents purchasing a 50% share of the home

About the Development

The development is perfectly placed within walking distance of the village centre. Here, you’ll find a range of community amenities, from schools, shops and leisure facilities to a pharmacy, cafes and takeaway restaurants. It’s also conveniently located for access to Stafford and Wolverhampton, as well as the M6 motorway.

With plenty of open space as part of the development itself, plus the vast number of surrounding fields, the opportunity to enjoy the great outdoors here is effortless. For you, it means getting out for walks or cycle rides is really easy.

About the Home

This plot is a brand-new terraced house. Upon entry you are presented with a hall leading to stairs and lounge. The separate lounge is very spacious and perfect for those looking for a wider living space. Through the lounge and to the rear of the ground floor there is a spacious kitchen with integrated appliances and a ground floor WC.

On the second floor there is a spacious landing. This then leads to the main two bedrooms. Furthermore, the second floor is offered with a three piece bathroom wish shower over bath.

About the Area

The area’s dotted with parks, gardens, museums and places of historical interest that are just perfect for a family day out, while there’s a range of local sports centres and clubs covering just about every pastime from golf and bowling to swimming.

Living in Penkridge will allow you to benefit from the easy access to excellent shopping, leisure, entertainment and cultural facilities that Wolverhampton and Stafford has to offer. Whether you need to do your weekly shop, treat yourself to some retail therapy, or looking to watch the latest films at the cinema, you’ll find it all.

Shared Ownership

The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller up front payment. With Shared Ownership, you buy a share of your home using a mortgage from a bank or building society and pay a subsidised rent on the share you did not purchase. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright. At Penkridge you can buy a minimum 45% share of your home (the maximum you can buy initially is 75%). When you’re ready, you can buy more shares until you staircase to owning 100% of your home.

T&Cs

*Please note images are for information purposes only and may not represent a true likeness for the units being sold. Some or all images have been digitally furnished to represent how the home could be laid out and the final colours/appearance may differ from the images.

*Services Charges will apply, speak to our Sales Agent for more information. Costs are subject to change.

Key Features
  1. 2 bedroom mid terraced house
  2. Flooring throughout
  3. Storage space
  4. Open plan kitchen/dining
  5. Allocated parking
  6. Private garden
  7. 3 piece bathroom with shower over bath
  8. There will be an added service charge
Particulars

Tenure: Not specified
Council Tax Band: Not specified

Property Downloads
Floor Plan Energy Certificate
Map
Penkridge (0.44 miles) Cannock (4.98 miles) Hednesford (5.03 miles)
Monthly Cost Calculator

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together, rent, service charge and mortgage.

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  • 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 costs for the property as a whole and communal areas
  • Mortgage: Share to Buy ltd are specialist Shared Ownership mortgage brokers and we use a database of daily updated mortgage rates to work out the lowest rate available for the deposit amount shown, and then generate an estimated monthly payment on a 25 year capital repayment basis.

NB: this mortgage estimate is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you.

£112,500
Shared Ownership New Build
Estimated Monthly Cost:£867
Rent £258
Service Charge £50
Mortgage £559

Share percentage 50%, full price £225,000, £5,625 Min Deposit. Calculated using a representative rate of 3.92%


Disclaimer
The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.