2 bedroom house for sale
Worthing Grove, B78 3HJ
Share percentage 40%, full price £240,000, £4,800 Min Deposit.
Share percentage 40%, full price £240,000, £4,800 Min Deposit.
Monthly Cost: £959
Rent £330,
Service charge £82,
Mortgage £547*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
ELIGIBILITY CRITERIA:
To be eligible for a home at Mercia Reach, you'll need to:
- Have a combined household income under £80,000 per annum
- Not already own a property, or part of a property, at the time of completing on your purchase
- Be unable to purchase a suitable home to meet your housing needs on the open market
- Have a minimum of £5,000 to cover the costs of buying a home
- Eligible buyers must live in the Administrative borough of Tamworth
If you don't meet the eligibility criteria for this development, you may still qualify for a shared ownership purchase at one of our others, so take a look at our website for more information.
Summary
Final release of 2 bed Shared Ownership houses at Mercia Reach, Tamworth, Staffordshire, with private garden and 2 parking spaces, expected to be ready to move in from Summer 2024.
Description
Final phase now available!
Welcome Home to Mercia Reach
A beautiful collection of new 2 bedroom homes available with Shared Ownership in Tamworth, Staffordshire.
Plot 492 is a 65 square metre, Two Bedroom, Mid Terrace House with private garden and 2 parking bays at Mercia Reach, Tamworth, Staffordshire, available to purchase through Shared Ownership.
Available to purchase from a 40% share.
Financial Breakdown:
- Full Market Value: £240,000
- 40% Share Value: £96,000
- 5% deposit of 40%: £4,800
- Rent on unowned share: £330 per month
- Service Charge: £81.54 per month
- Council Tax: TBC*
Whether you are looking for your first home or need more room to accommodate a growing family, the homes at Mercia Reach are the perfect place to put down roots of your own.
Located within walking distance to the well-known Ventura Park and nearby to Ankerside shopping centre, you will be spoilt for choice with a Sainsbury’s and Asda super centre for all of your everyday shopping needs.
There are also Ofsted ‘outstanding’ rated schools, local markets, a GP surgery, Post Office and restaurants right on your doorstep. Your new home at Mercia Reach is the perfect base to explore all the amenities that Tamworth has to offer.
Looking to save money on bills and live more sustainably? Every home at Mercia Reach has been built with a high standard of insultation that helps keeps your heat in and your bills affordable. Buying a new home at Mercia Reach means your new place is often more energy efficient than an older home of the same size giving you the best of both worlds.
Legal & General Affordable Homes is offering a unique opportunity to purchase a new home here through Shared Ownership. Thanks to this scheme, you can own your own home with a lower deposit than is required to buy outright or with other buying schemes.
The final phase of Shared Ownership homes at Mercia Reach are expected to be ready to move into from Summer 2024.
For more information, please register or contact our Sales Consultant who will be delighted in helping you find your new home.
LOCAL AREA
Full of local gems in Tamworth, Staffordshire.
A great day out is never far from home at Mercia Reach, as adventure seekers will love being just a few miles away from Drayton Manor Theme Park and the Snowdome in Tamworth which offers a wintery adrenaline rush all year round.
For a breath of fresh air, Hopwas Hays Wood and Tameside Nature Reserve are also both nearby for you to explore and enjoy a day in the sunshine.
If you’re looking for an activity full of history and charm, you can visit Tamworth Castlewhich is home to 15 period rooms dating back to the 1180’s. You can explore the stunning grounds of the castle or enjoy a river walks and picnic. Don’t forget to stop by the adventure play area which is perfect for children who love exploring new things!
You can also enjoy a day at Middleton Hall and Gardens which has everything you need for your next big family day out, from discovering the historic house to running wild in the gardens, there are plenty of family friendly activities along the way.
When you’re ready to explore further afield, you are only a two mile drive to Tamworth Train Station which offers quick links and regular service to Birmingham, Leicester and Wolverhampton. Or, by car you also have easy access to the M42, M6 Toll, A38 and A5. With two nearby airports, Birmingham Airport and East Midlands Airport, you can easily enjoy even more adventures.
WHAT IS SHARED OWNERSHIP?
If you can't afford the mortgage on 100% of a home, Shared Ownership offers you the chance to buy a share of your home (between 25% and 75%) and pay rent on the remaining share. Later on, you could buy bigger shares when you can afford to and, if you chose, own the property outright. Monthly costs to purchase via Shared Ownership are generally less than purchasing outright or renting, making it a fantastic option to get onto the housing ladder.
Legal & General Affordable Homes are a Registered Provider offering these apartments for sale on a Shared Ownership basis. We are creating communities to live, grow and flourish and are committed to removing the stress and anxiety associated with moving house, whilst delivering customer satisfaction and quality new homes.
*Council tax bands are often not released until the property is complete. If you need any guidance, please get in touch with our Sales Consultants otherwise the local authority or the developer may be able to help.
NB: Interiors are CGI representations taken at a Two Bed House at Mercia Reach
Key Features
KEY FEATURES:
- Zanussi electric oven, gas hob and stainless-steel chimney hood
- Paved patio area
- Turf to rear garden
- Garden storage to each plot
- Photovoltaic solar roof panels to rear of all plots
- Parking for 2 cars
- NHBC 10 Year Building Warranty
FULL SPECIFICATION:
Kitchen
• Contemporary kitchen with chrome handles and soft close cupboards
• Laminate worktop with matching upstand
• Stainless steel splashback to hob
• Stainless steel single bowl sink with chrome mixer tap
• Zanussi electric single oven, gas hob and stainless-steel chimney hood
• Space for fridge/freezer
• Space for washing machine
• Removable base unit for future installation of dishwasher to 3 bedroom houses
Cloakroom
• Contemporary white sanitaryware comprising close coupled toilet and basin
• Chrome mixer tap with clicker waste
• Splashback tiling to basin
• Mirror
• Towel rail
Bathroom
• Contemporary white bathroom suite comprising bath, close coupled WC and pedestal basin
• Chrome mixer tap with clicker waste
• Glass shower screen to bath
• Aqualisa thermostatic bath/shower mixer over bath
• Large format wall tiling to bath and splashback tiling to basin area
• Mirror
• Chrome heated towel rail
Flooring
• Oak effect Amtico flooring to kitchen or kitchen/diner, cloakroom and bathroom
• Carpet to living room or living room/ diner, stairs, landing and bedrooms
General
• White PVCu double glazed windows
• Walls and ceilings painted in ‘Almond White’
• Architraves and skirtings painted in white satinwood
• White panelled internal doors with chrome ironmongery
• Gas central heating via Combi boiler and white contemporary radiators
• NHBC 10 year build warranty
Electrical
• Track light to kitchen
• LED downlights bathroom
• Light fitting to cloakroom
• Pendant lighting to all other areas
• White sockets and switches
• Telephone point to hall and living room
• TV point to living room
• Smoke and carbon monoxide detectors
• Extractor fan to bathroom, cloakroom and kitchen
• Shaver socket to bathroom
- Photovoltaic solar roof panels to rear of all plots
• Light to front and rear elevation
External
• Two parking bays per property
• Paved patio area
• Turf to rear garden
• Outside tap provided
• 1.8m high timber fencing to rear garden
• Garden storage to each plot
We take every care to ensure that the correct information is provided. The company employs a policy of continuous improvement and reserves the right to alter or amend the specification at any time and is subject to change. Details are correct at the time of going to print.
Particulars
Tenure: Leasehold
Lease Length: 990 years
Council Tax Band: New build - Council tax band to be determined
Property Downloads
Floor Plan Brochure Price List Energy CertificateMap
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 £240,000, £4,800 Min Deposit. Calculated using a representative rate of 5.26%
