Share percentage 40%, full price £330,000, £6,600 Min Deposit.
Monthly Cost: £1,258
Rent £454,
Service charge £52,
Mortgage £752*
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 are assessed as being able to afford and sustain shared ownership.
Summary
Brand New 3 Bedroom houses on the outskirts of the historic city of Lichfield in Staffordshire. Properties include flooring throughout, kitchens with oven & hob, a private garden & parking.
Description
Located on a new development called St John's Grange in Lichfield. The city offers excellent facilities and a real sense of history, with independent shops, cafés, and restaurants close to the stunning cathedral.
Available Now - 3 Bedroom Semi-detached Houses:
- Entrance Hall with stairs to 1st floor
- Kitchen to the front with oven, hob & hood
- Downstairs WC
- Living/Dining room with a door to the rear garden
- Three bedrooms
- Bathroom with a shower over the bath
- Flooring/carpets throughout
- Turfed rear garden
- Parking for 2 vehicles
St John’s Grange is located on the outskirts of the historic city of Lichfield with its famous cathedral and city centre streets lined with tempting shops. Everything you need for day-to-day living is close-by including a Tesco supermarket and a range of high street brands. There's also a great choice of popular cafés, restaurants and local bars in the area.
A 4-minute drive will get you right into the city centre though at just over a mile, it's within walking distance too. Lichfield City Station is only 1 mile and offers transport links to and from neighbouring cities and towns. The location also offers good access to the A5, A38 and M6 Toll road and nearly Cannock Chase is just half an hour away by car.
PRICES
3 Bedroom£330,000 (100%)
40% share* £132,000Rent = £453.75
75% share £247,500 Rent = £189.06
Plus the following monthly charges:
Management Charge: £22.00
Buildings Insurance: £14.76
Service/Estate Charge: £14.80
All applicants are required to check they meet the criteria for Shared Ownership as set out at GOV.UK.
*Our homes are advertised at 40% although alternative shares are available upon request & will be determined by the applicant’s affordability. There are opportunities to buy more shares to own 100% of the property in the future.
Amount advertised is subject to change and is based on a 40% share of a 3 bed semi-detached house. 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 & represent a typical Midland Heart property at this location.
>Floor plans depict a typical layout of the house types and are for illustrative purposes only. Room sizes are approximate only and 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 of the plan shown.
Key Features
- Available Now - 3 Bedroom Semi-detached Houses
- New Shared Ownership scheme with a 990 year lease
- Located within walking distance of Lichfield town centre
- Kitchen with oven & hob
- Carpets/Flooring throughout
- Parking for 2 vehicles
- Good local amenities
- Energy efficient new homes
Particulars
Tenure: Leasehold
Lease Length: 990 years
Council Tax Band: Not specified
Property Downloads
Key Information Document Floor PlanVideo Tour
Map
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 £330,000, £6,600 Min Deposit. Calculated using a representative rate of 5.26%
