Share percentage 40%, full price £230,000, £4,600 Min Deposit.
Monthly Cost: £886
Rent £316,
Service charge £46,
Mortgage £524*
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 house located just 2 miles from Burton-on-Trent town centre. Our homes include an impressive specification as standard including flooring, modern kitchens with oven/hob & parking.
Description
Brand New 3 Bedroom Mid Terrace House - Last Plot
Situated in Burton’s Outwoods area, these new homes are close to the north-western, urban edge of town but also near plenty of green open space. Outwood Meadows will enjoy a range of amenities within the development, including walking and cycling routes, open space, play area, a community hub and much more.
Property details:
- Entrance Hall
- Lounge
- Kitchen-Diner with oven/hob & door to rear garden
- Utility space & Downstairs WC
- 3 Bedrooms
- Bathroom with a shower over the bath
- Gas-fired central heating
- Flooring/carpets throughout
- Turfed rear garden
- Parking for 2 vehicles
The centre of Burton-on-Trent is only 2 miles away and offers a good choice of amenities including high street stores, cafés, restaurants, bars and the historic Victorian Market Hall with a neighbouring outdoor market. There are various supermarkets as well as a wide range of independent shops.
The town offers easy access to the A38 which provides excellent road links to Derby, Lichfield and beyond. Burton upon Trent railway station is within a 10 minute drive and offers services to Derby, Nottingham and Birmingham. East Midlands Airport is only 30 minutes away by car.
3 Bedroom £230,000 (100%)
40% share* £92,000 Rent = £316.25
75% share £172,500 Rent = £131.77
Plus the following monthly charges:
Management Charge: £22.00
Buildings Insurance: £14.76
Estate Charge: £8.75
All applicants are required to check they meet the criteria for Shared Ownership as set out at GOV.UK in the first instance.
*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.
Prices are 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.
>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.
Key Features
- 3 Bedroom Mid Terrace House
- Available on the new Shared Ownership scheme with a 990 year lease
- Option to buy more shares to own 100% of the property in the future
- Located just 2 miles from Burton-on-Trent town centre
- Kitchen/Diner with oven, hob & hood
- Carpets & flooring throughout
- Parking for 2 vehicles
- Private garden
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 £230,000, £4,600 Min Deposit. Calculated using a representative rate of 5.26%
