2 bedroom house for sale

Available

Middleton Avenue, HR9 5BD

£94,000 · Shared Ownership New Build

Share percentage 40%, full price £235,000, £4,700 Min Deposit.

Available
2 bedrooms
1 Bathroom
Private Garden
Pets allowed
Parking
£94,000 Shared Ownership New Build · Eligibility Eligibility

Share percentage 40%, full price £235,000, £4,700 Min Deposit.

Monthly Cost: £912
Rent £323, Service charge £53, Mortgage £536*

Calculated using a representative rate of 5.26%

Calculate estimated monthly costs

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Eligibility

You may be eligible for this property if:

You have a local connection to the area

You have a gross household income of no more than £80,000 per annum
You do not already own a home or you will have sold your current home before you purchase or rent.
You must be at least 18 years old

Summary

2 bedroom Semi Detached Shared Ownership Home - Available Now

Description

The Development:

Built in partnership with EG Carter, our new development on Middleton Avenue is located on the outskirts of the popular market town of Ross on Wye. This picturesque town sits within the Wye Valley Area of Outstanding Natural Beauty and overlooks the River Wye. Ross on Wye boasts a popular high street full of independent retailers, cafes and restaurants. Within the area there is a leisure centre, local schools (including one primary school within walking distance), as well as your everyday stores and facilities.

This area has the best of both worlds. It benefits from country-living and is close to scenic tourist spots such as Symonds Yat and Goodrich Castle yet is still within easy access of the M50 motorway and is also commutable to towns and cities such as Hereford, Worcester and Ledbury.

The Properties:

Our 2 bedroom Winslow properties briefly comprise of an Entrance Hall providing access to a WC, Stairs and Kitchen/Diner. To the rear of the house there is a living room with storage cupboard. Double doors leading to an enclosed garden. To the first floor, there are two bedrooms, additional storage and a family bathroom.

Please note other housetypes are available and layouts can vary; please refer to the brochure for further details.

Additional benefits for all plots include either allocated parking for two vehicles or a private driveway, as well as a 10 year NHBC warranty.

NEXT STEPS:

For further information, please download our brochure below.


TO APPLY NOW

Please make an enquiry to contact Platform Home Ownership, the relevant sales consultant will then send you an application form to complete.
Upon receipt of your application, we will refer you for an affordability assessment to determine the most affordable share for you.
Once you have passed the affordability assessment, we will then be in contact to confirm the availability.
If there is a suitable property we will then issue out your offer letter and advice on how to pay your £250.00 reservation fee for your new home.

Shared Ownership is a fantastic opportunity if you're an unable to purchase a home on the open market. It allows you to buy a share in a property on a part buy/part rent basis and pay a subsidised rent on the part that you do not own. Over time, you can purchase more shares in your property – this is known as ‘staircasing’. This can be done at any time after initial purchase and it will reduce the amount of rent you pay, as the share of the home that you do not own will have got smaller.

We will offer shares between 25-75% of the property value depending on the outcome of the affordability assessment. The higher the share you purchase, the lower your rent will be. You will need to be able to obtain a mortgage for the share you want to purchase unless you have sufficient funds to enable you to purchase a share outright. Deposit amounts will be lower than purchasing a property on the open market also the combined cost of mortgage and rent is often cheaper than privately renting in the area.

For more detailed information and your obligations in relation to shared ownership please download our ‘Guide to Shared Ownership’

Am I eligible?

Shared Ownership uses the following criteria to help people to get onto the property ladder:

- Maximum annual household income of £80,000.

- Unable to purchase a home suitable for your needs.

- Local Connection required

Please visit the Homes England website for further guidance using the Homes England Eligibility Checker.

*Please note some images are typical and should be used as a guide only

Key Features

Local Connection required

Modern Fitted Kitchen

Vinyl Flooring in Kitchen and Bathroom

Downstairs WC

Family Bathroom with Shower Over Bath

Turfed Rear Garden

Allocated Parking

Gas Central Heating

10 Year NHBC Warranty

Particulars

Tenure: Leasehold
Lease Length: 990 years
Council Tax Band: New build - Council tax band to be determined

Property Downloads
Brochure
Map
Hereford (11.68 miles) Ledbury (11.69 miles) Lydney (13.64 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 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.

£94,000
Shared Ownership New Build
Estimated Monthly Cost:£912
Rent £323
Service Charge £53
Mortgage £536

Share percentage 40%, full price £235,000, £4,700 Min Deposit. Calculated using a representative rate of 5.26%


Platform Home Ownership
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Middleton Avenue, Ross on Wye
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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.