3 bedroom house for sale
Ruyton Road, Shewsbury, SY4 2FX
Share percentage 40%, full price £255,000, £5,100 Min Deposit.
Share percentage 40%, full price £255,000, £5,100 Min Deposit.
Monthly Cost: £866
Rent £268,
Service charge £17,
Mortgage £581*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
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 who currently either reside in, have a strong family connection or work inthe local area to include all adjacent Parishes, including the Parishes of Myddle, Broughton and Harmer Hill, Petton, Cockshutt, Hordley, Rutyon XI Towns, Little Ness and Pimhill.
Maximum staircasing to 80% on this plot. For more information about staircasing please look at https://www.gov.uk/shared-ownership-scheme/buying-more-shares-staircasing.
This plot is available to purchase due to funding by Homes England and therefore their “Applicant Priority” criteria for Military Personnel will apply. For further information, see Section 3.2 at https://www.gov.uk/guidance/capital-funding-guide/1-help-to-buy-shared-ownership.
Summary
3-Bed semi-detached house
Description
Plot 3, This 3-bed, semi-detached home is modern and energy efficient.
Downstairs at the front of the property is the hallway with access to the fantastic modern kitchen, also off the hallway isthe convenient downstairs WC. To the rear of the properties is theliving/dining room area benefiting from patio doors opening out onto the private gardenwhich is a perfect space for entertaining and relaxing, this comes with a patio area, and we have fully turfed andfenced this area for you. Upstairs, there are 3 good sized bedrooms with a family bathroom. The property has auseful storage cupboardunder the stairs.Tiled flooring isincluded in the wet areas*. This beautiful property comes with carpets to the living areas, an integrated washing machine,fridge/freezer,an outside tap, and an outside electric socket. The energy-efficient home is heated throughout with a modern electric air sourced heating pump, and it also has underfloor heating. This plot has 2 off roadparking spaces.
How do I apply for this home?
Before you can apply to buy a shared ownership home with Severn Homes part of The Homes Plus Group, 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. It will show you what share amount 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 then contact you to confirm you are happy with the assessment outcome and advise you of the next steps.
If there is anything else we can help with, please do contact our sales team via Sales@SevernHomes.co.uk or call Luke on 07485 393 813 (Monday-Thursday 9am-5pm & Friday's 9am-4pm)
For more information on how to apply and then reserve plots please also see severnhomes.co.uk.
Note:
1) Additional information is available in the Key Information Document (KID) 1 and 3. Key Information Document (KID) 2 will be issued before reservation.
2) For more information on how to apply, reserve and see the KID forms visit https://www.severnhomes.co.uk/search-homes-share.
3) A financial assessment is required for those requiring a mortgage and/or cash purchasers.
4) Anticipated build completion date April/May 2024.
5) Pictures used are for illustration purposes only and may not show the exact property.
6) *Wet areas kitchen, shower room.
7) Correct at the time of advertising Jan 2024.
Key Features
Property features.
3 bedrooms.
Modern kitchen.
Built-in oven, hob and extractor hood.
Integrated washing machine.
70/30 fridge/freezer.
Lounge/diner.
Carpets to living areas.
Ceramic tiled flooring to wet areas*.
Electric panel heaters/Grant Aerona
3-R32 HPID6R32 Air Source Heat pump.
Underfloor heating.
Solar panels.
Turfed and fenced private garden.
Outside tap.
Off road parking.
EPC B rating.
LABC 12-year new build warranty.
990 year lease.
Leasehold.
Predicted Council Tax Band is C-E (subject to confirmation by the Valuation Office Agency (VOA) post-completion)
For further information on Council tax with Shropshire Council, visit https://www.shropshire.gov.uk/council-tax/charges-and-billing/current-council-tax-band-charges/
Particulars
Tenure: Leasehold
Lease Length: 990 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 £255,000, £5,100 Min Deposit. Calculated using a representative rate of 5.26%
