2 bedroom house for sale
Victoria Gate, Lichfield Road, ST17 4GG
Share percentage 40%, full price £225,000, £4,500 Min Deposit.
Share percentage 40%, full price £225,000, £4,500 Min Deposit.
Monthly Cost: £845
Rent £309,
Service charge £23,
Mortgage £513*
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 pass the initial financial assessment with a financial advisor and complete the Homes England Calculator to show what share is available for you to purchase.
- A financial assessment is required for cash buyers or for those requiring a mortgage.
This plot has not been funded by Homes England. Therefore, no application will be given priority and applications will be considered on a first come, first serve basis.
For more information on how to apply please visithttps://www.severnhomes.co.uk/
Summary
Plot 31- 2-bed, Semi-detached property
Description
Victoria Gate-Plot 31-2-bed, Semi-detached property.
Downstairs at the front of the property is the hallway that leads to the living area, this is a great place to relax with the family. To the rear of the property there is a lovely kitchen-diner benefiting from a single door opening out onto the garden. Also on the ground floor, there is a convenient separate WC. Upstairs, there are 2 spacious bedrooms and a modern family bathroom. The property has good storage areas. The private garden which is a perfect space for entertaining is turfed and fenced. Vinyl flooring is also included in the wet areas*. This energy-efficient home has gas central heating. This plot also comes with 2 off-road parking spaces.
This plot has been designed and built by Bellway Homes.
Properties are sold off-plan, and on a first-come, first-served basis, to avoid missing out, don't delay, apply today.
How do I apply for this home?
Before you can apply to buy a shared ownership home with Severn Homes part of Homes Plus, 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. This will show you what share 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 our sales team will then contact you to confirm you are happy with the assessment out come and advise you of the next steps.
If there is anything else, we can help with please contact our sales team via Sales@SevernHomes.co.uk orcall Gail on 07976 924 963- (Monday-Friday 8am-4pm, excluding Tuesdays)
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 1 & 3. Key Information Document 2 will be issued before the reservation fee is paid.
2) A financial assessment is required for those requiring a mortgage and cash purchasers.
3) Anticipated build completion date May/June 2024.
4)*Wet areas kitchen, utility, WC, bathroom.
5) Pictures used are for illustration purposes only and may not show the exact property.
6) Correct at the time of advertising February2024.
Key Features
Property features.
2-bed Semi-detached.
Modern kitchen.
Built-in oven, hob and extractor hood.
Lounge/dinner.
Convenient separate downstairs WC.
Vinyl flooring to wet areas*.
2 good size bedrooms.
Family bathroom.
Private garden.
Off road parking spaces.
EPC B rating.
NHBC10-year new build warranty.
990 years lease.
Leasehold.
The predicted Council Tax Band is C-D (subject to confirmation by the Valuation Office Agency (VOA) post-completion)
For further information on Council tax with Stafford Borough Council visit, https://www.staffordbc.gov.uk/counciltax
Some plots are sold ‘off plan’ and viewings may not be available straight away.
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 £225,000, £4,500 Min Deposit. Calculated using a representative rate of 5.26%
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