2 bedroom house for sale
Plot 157- Rose Place, Bicton Heath, SY3 5FE
Share percentage 40%, full price £250,000, £5,000 Min Deposit.
Share percentage 40%, full price £250,000, £5,000 Min Deposit.
Monthly Cost: £932
Rent £344,
Service charge £18,
Mortgage £570*
Calculated using a representative rate of 5.26%
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 pass the initial financial assessment with a financial advisor and complete the Homes England Calculator to show what share is available for you to purchase.
- A financial assessment is required for cash buyers or for those requiring a mortgage
This plot has not been funded by Homes England. Therefore, no application will be given priority and applications will be considered on a first come, first serve basis.
Maximum staircasing to 80% on this plot. To apply for Shared Ownership on this property you must have a local connection to the area. A local connection for this home is defined as: Applicants currently living in Shropshire Council area.
Summary
Plot 157, 2-bedroom, Semi-detached.
Description
Plot 157, 2-bedroom, Semi-detached.
Downstairs at the front of the property is access to the open plan living and kitchen area, this is a great place to relax with the family. To the rear of the property the kitchen-diner benefits from a single patio door opening out into the garden. The private garden which is a perfect space for entertaining is turfed and fenced. Also on the ground floor, there is a convenient separate WC. Upstairs, there are 2 spacious bedrooms with a family bathroom. There is good storage space, and these energy-efficient homes have gas central heating. Vinyl flooring is also included in the wet areas*. This plot comes with off-road parking spaces.
How do I apply for this home?
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.
This step is necessary if you require a mortgage for the share, or if you are a cash purchaser. This will show you what share you can apply for.
We work closely with 'The Mortgage People' who will help you complete the initial financial assessment called The Homes England Affordability Calculator.
You can ‘Get an Assessment’ by visiting tmpmortgages.co.uk/assessment/ or by calling 0800 4880 814.
The Mortgage People will then email Severn Homes the outcome of your Homes England Affordability Calculator for your chosen property. A member of the sales team will contact you to confirm you are happy with the assessment outcome and advise the next steps.
For more information on how to reserve and apply for plots please see www.severnhomes.co.uk.
If there is anything else we can help with, please do not hesitate to contact our sales team via Sales@SevernHomes.co.uk or call Luke on 07485 393813.
Note:
1) Additional information is available in the Key Information Documents 1 & 3. Key Information Document 2 will be issued before the reservation fee is paid.
2) A financial assessment is required for those requiring a mortgage and cash purchasers.
3) Anticipated build completion date August 2023.
4) Wet areas- kitchen, utility, cloaks, bathroom & any en-suites*.
5) Pictures used are for illustration purposes only and may not show the exact property.
6) 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 Shropshire Council visit www.shropshire.gov.uk/council-tax.
Key Features
Property features-
2 Bed-Semi-detached.
Open-plan lounge kitchen/diner.
Built-in oven, hob and extractor hood.
Flooring to wet areas*.
Convenient separate downstairs WC.
2 good sizebedrooms.
Family bathroom.
Private turfed and fenced garden.
Gas central heating.
Off-road parking.
NHBC 10-year new build warranty.
Leasehold.
Particulars
Tenure: Leasehold
Lease Length: 125 years
Council Tax Band: New build - Council tax band to be determined
Property Downloads
Key Information Document Floor PlanMap
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 £250,000, £5,000 Min Deposit. Calculated using a representative rate of 5.26%
