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£108,500
3 Bedroom Houses at Birmingham's brand new award winning canal side neighbourhood. Only 15 minutes from the city centre, Port Loop includes a community hub, communal gardens and leisure facilities.
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 have a good credit history (no CCJ’s, defaults, IVA’s, or bankruptcy outstanding).
- You are assessed as being able to afford and sustain shared ownership.
Brand New 3 Bedroom Mid Terrace Houses:
- Dual aspect open plan living space
- Compact Kitchen with Oven/Hob
- French doors to rear patio
- Downstairs WC
- Three bedrooms (1 Double, 1 Small Double & 1 Single)
- Bathroom with shower over bath
- Electric panel heating
- Rear patio
- Communal gardens
- Parking for 1 vehicle
- Less than 15 minutes from the centre of Birmingham
- Ideal for professionals working in the city centre
Port Loop is nestled between Birmingham Canal Old Line and the Birmingham Canal, just a mile from Birmingham city centre. Its island location was once the industrial heart of the city, so the tow paths that served it provide superb, direct routes to the city centre. You can go by foot or jump on a bike. You could even take the water bus. With tranquil Edgbaston Reservoir 5 minutes to the north and buzzing Brindleyplace just 15 minutes away to the south, it really is brilliantly connected.
PRICE
3 Bedroom Terrace House £310,000 (100%)
35% share* £108,500 Rent = £461.77
Plus the following monthly charges:
Management Charge: £22.00
Buildings Insurance: £19.76
Estate Charge: £23.58
The Price advertised is for our target share of 35% and is for illustration purposes only (to give an indication of the cost of purchase, rent, etc); it is not the minimum or maximum that is available for purchase. Other shares are available upon request & will be based on affordability, proceed ability & sustainability. There are opportunities to buy more shares to own 100% of the property in the future.
Amount advertised is subject to change. An additional monthly charge applies that includes rent, buildings insurance, estate and management charge but excludes any mortgage payment.
Buyers will be considered on first come first served basis (assuming affordability, proceed ability & sustainability checks are met). Buyers need to demonstrate maximum affordability which will be determined via a Mortgage advisor prior to any agreed sale.
^Any Images/Photographs shown are for illustrative purposes only.
All applicants are required to check they meet the criteria for Shared Ownership as set out at GOV.UK in the first instance.
- Edgbaston Village (Midland Metro Stop) (1.2km)
- Five Ways (Midland Metro Stop) (1.3km)
- Brindleyplace (Midland Metro Stop) (1.4km)
- Jewellery Quarter Rail Station (1.5km)
- Jewellery Quarter (Midland Metro Stop) (1.5km)
- Centenary Square (Midlands Metro Stop) (1.6km)
- Soho Benson Road (Midland Metro Stop) (1.7km)
- Five Ways Rail Station (1.7km)
- Town Hall (Midlands Metro Stop) (1.9km)
- St Paul's (Midland Metro Stop) (1.9km)
