2 bedroom house for sale
1 Barland Grove, Drakes Broughton, WR10 2GF
Share percentage 75%, full price £340,000, £12,750 Min Deposit.
Share percentage 75%, full price £340,000, £12,750 Min Deposit.
Monthly Cost: £1,650
Rent £197,
Mortgage £1,453*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
The GLA and Homes England set the eligibility criteria for Shared Ownership, but broadly speaking you must:
- Not own another property in the UK or any other country.
- Have a household income that falls below £90,000 (£80,000 threshold outside the M25). Every property will have a minimum income level too, determined by its’ value, rent and service charge costs. In most cases you will need to meet or exceed the given minimum income.
- Have access to a minimum deposit of 10% of the share being purchased (a minimum deposit of 5% of the share being purchased may be acceptable depending on individual financial status).
- Be in full time permanent employment.
- Be a British, EU or EEA Citizen or have indefinite leave to remain in the UK.
- Have a good credit history.
Summary
2-bedroom Shared Ownership resale available in Pershore
Description
The internal accommodation offers flexible living including a large Living Room with double doors into a Garden room and a well fitted kitchen/breakfast room. Two DOUBLE Bedrooms provide light and spacious accommodation with a fine open aspect and an en-suite plus a luxury bathroom.
A good sized, low maintenance Garden to the rear has a timber framed Pergola and garden shed together with tandem parking to the side.
Drakes Broughton boasts a blend of ancient and modern homes and an exceptional community spirit all surrounded by beautiful countryside and benefiting from quick and easy access to Worcestershire Parkway rail station and the M5 motorway.
Nearby, there are a range of community facilities including a primary school, public houses, a village hall and sports fields, while the Georgian town of Pershore is within easy reach offering an excellent range of individual shops and restaurants.
*Information is correct to the best of our knowledge, please speak to the estate agent for more information*
Key Features
- 2 bedroom, detached bungalow
- Approx. 840 Sqft Gross Internal Area
- Landscaped rear garden
- Ensuite to the master bedroom
- Off-road parking
- Fitted kitchen/breakfast room
- Tenure:Leasehold (990 years from 2021).
- Share Available:75% (£255,000).
- Shared Ownership Rent:£196.74 per month (subject to annual review).
- Monthly Lease Management Fee:£22.38 per month (subject to annual review).
- Annual Building Insurance:£15.42 per month (subject to annual review).
- Council Tax:Band D, Wychavon Council.
Particulars
Tenure: Leasehold
Lease Length: 990 years
Council Tax Band: D
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 75%, full price £340,000, £12,750 Min Deposit. Calculated using a representative rate of 5.26%
