3 bedroom house for sale

Available

Mount Close,, Pontesbury, SY5 0QZ

£108,000 · Shared Ownership New Build

Share percentage 40%, full price £270,000, £5,400 Min Deposit.

Available
3 bedrooms
1 Bathroom
Private Garden
Pets allowed
Parking
Floor plan
floor-plan
Floor plan
floor-plan
£108,000 Shared Ownership New Build · Eligibility Eligibility

Share percentage 40%, full price £270,000, £5,400 Min Deposit.

Monthly Cost: £961
Rent £316, Service charge £30, Mortgage £615*

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 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 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:
You must have a local connection to Pontesbury either through residency, work or family.
We will allocate all properties to applicants who can demonstrate a strong local connection to the administrative area of the Parish of Pontesbury.

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.

The plots area vailable 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

Plot 6, 3-bedroom semi-detached home ready to apply for now.

Description

At the front of the property is the hallway with access to the living room, this is a great place to relax with the family. To the rear of the property is the modern kitchen/diner benefiting from patio doors opening out onto the garden.The private garden which is a perfect space for entertaining comes turfed and fenced. Also on the ground floor, there is a convenient separate WC. Upstairs, there is a single bedroom room and two double bedrooms and the family bathroom. This energy-efficient home is heated throughout with the use of a modern, low-carbon, air-sourced heating system. Flooring is included to all wet areas*. The property benefits from having 2 off road parking spaces.

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 call 0800 488 0814. Monday to Friday 9am-5pm and they have an advisor working each weekday until 8pm on live chat, and on Saturdays too.
The Mortgage People will then email us at Severn Homes the outcome of your Homes England Affordability Calculator for your chosen plot.​
A member of oursales team will then contact you to confirm you are happy with the assessment outcome and advise you of the next steps.

For more information on how to apply and reservefor plots see severnhomes.co.uk.

Some plots are sold ‘off plan’ and viewings may not be available straight away or until an assessmentent has been completed.

If there is anything else we can help with, please do not hesitate to contact our sales team Monday to Friday 8.30-5pm viaSales@SevernHomes.co.ukor call Luke on 07485 393 813. (Monday-Thursday, 9am-5pm, Fridays 9am-4pm)

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 June/July 2024.
4) Some pictures used are for illustration purposes only and may not show the exact property.
5) *Wet areas- kitchen, WC, bathroom.
6) Predicted Council Tax Band is D-F (subject to confirmation by the Valuation Office Agency (VOA) post-completion)
For further information on Council tax with Shropshire Council visit www.shropshire.gov.uk/council-tax.
7) Correct at the time of advertising March 2024.
8) Service charge TBC, approximately £30pcm.

Key Features

Property features-
Semi-detached.
3 bedrooms.
Modern kitchen.
Built-in oven, hob and extractor hood.
Intergrated 70/30 fridge freezer.
Flooring to wet areas*.
Convenient separate downstairs WC.
Lounge/diner.
Family bathroom.
Private turfed and fenced garden.
Modern low-carbon air-sourced heating system.
Solar panels.
2 off-road parking spaces.
LABC 12-year new build warranty.
990 year lease.
Leasehold.

Particulars

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

Property Downloads
Key Information Document Floor Plan
Map
Shrewsbury (7.52 miles) Church Stretton (8.54 miles) Welshpool (10.38 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.

£108,000
Shared Ownership New Build
Estimated Monthly Cost:£961
Rent £316
Service Charge £30
Mortgage £615

Share percentage 40%, full price £270,000, £5,400 Min Deposit. Calculated using a representative rate of 5.26%


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.