3 bedroom house for sale
Oakmere Ridge, Ellesmere, Shrewsbury, SY12 0BY
Share percentage 40%, full price £235,000, £4,700 Min Deposit.
Share percentage 40%, full price £235,000, £4,700 Min Deposit.
Monthly Cost: £882
Rent £323,
Service charge £23,
Mortgage £536*
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 to show what share you can apply for.
To apply for Shared Ownership on this property you must have a local connection to the area. A local connection for thesehomes is defined as:
Applicants who currently either reside in, have a strong family connection or work within local parish of Ellesmere.
Maximum staircasing to 80% on this plot. For more information about staircasing please look athttps://www.gov.uk/shared-ownership-scheme/buying-more-shares-staircasing
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, reserve and see the KID forms visit https://www.severnhomes.co.uk/search-homes-share.
Summary
Oakmere Ridge Plot 8, 2-bed Mid-Terrace. Apply off plan now!
Description
Oakmere Ridge Plot 8, 2-bed Mid-Terrace.
Apply off plan now!
Downstairs at the front of the property is the living area, this is a great place to relax with the family. To the rear of the property 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 3 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* and carpets to the living areas. This energy-efficient home has gas central heating. This plot also comes with 2 off-road parking spaces. This property has been carefully designed so it can be wheelchair accessible and adaptable should it need to be.
This plot has been designed and built by Shropshire 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 outcome 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.ukor call Luke on 07485 393 813 (Monday-Thursday, 9am-5pm, Fridays 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 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 Spring 2024.
4)*Wet areas kitchen, WC, bathroom.
5) Pictures used are for illustration purposes only and may not show the exact property.
6) Correct at the time of advertising March 2024.
Key Features
Located in the the Market Town of Ellesmere, Oakmere Ridge offers a mixture of countryside living and the bustle of town life. Ellesmere provides everything you could need, offering numerous amenities, including local pubs, supermarkets, local produce stores, an array of restaurants, a library, dentist, independent shops, bakers, butchers, Post Office, pharmacy, florists, takeaways and much more! Ellesmere is ideally located in terms of accessibility to larger towns, with Shrewsbury, just a 30 minute drive, Oswestry and Wrexham just 20 minutes in the car and the city of Chester just 40 minutes.
Property features.
3-bed Terrace house.
Modern kitchen.
Built-in oven, hob and extractor hood.
Lounge/dinner.
Convenient separate downstairs WC.
Vinyl flooring to wet areas*.
Carpets to living areas.
2 good size bedrooms.
Family bathroom.
Private garden.
Off road parking spaces.
EPC B rating.
NHBC12-year new build warranty.
125 years lease.
Leasehold.
Particulars
Tenure: Leasehold
Lease Length: 125 years
Council Tax Band: New build - Council tax band to be determined
Property Downloads
Key Information Document BrochureMap
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 £235,000, £4,700 Min Deposit. Calculated using a representative rate of 5.26%
