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3-Bed Shared Ownership at 'Poppyfields' - Melton Road, Barrow Upon Soar LE12 8NX

3 bedroom semi-detached houseShared ownership £86,000 (40% Share)

3-bed-semi

Features

  • Three bedrooms
  • Open plan lounge, kitchen, diner
  • Family bathroom
  • Off road parking
  • Downstairs W/C
  • Turfed, enclosed rear garden
  • Gas central heating
  • Double glazing
  • Built in stainless steel oven, hob and extractor fan
  • Fitted bathroom with shower over bath

For sale

'POPPYFIELDS', 33 & 35 Field Edge Drive, Barrow upon Soar, Leicestershire, LE12 8YT

40% share - £86,000.00 monthly rent - £ 295.63, monthly service charge – £7.00

  • Bathrooms: 1
  • Garage: Off street parking
  • Housing Scheme: Shared Ownership
  • Monthly service charge: £7.00
  • Tenure: Leasehold
Ask for details
Description

COMING DECEMBER 2019

hello homes are pleased to offer these 3 bedroom semi detached homes for sale on a Shared Ownership basis.

Shared Ownership

Shared Ownership is a part buy-part rent scheme which makes buying your own home affordable.

Shares can be purchased from 40% to 75% (this is based on 5% increments, dependent on affordability and approval of eligibility for the Shared Ownership Scheme by Help to Buy Midlands).

Shared Ownership allows you to purchase a share in a brand new home whilst paying a subsidised rent on the remainder.

Once you have lived in the property for 12 months you can purchase additional shares if you want to; this is called staircasing. In most cases you can staircase up to 100% of the property and eventually own the property outright; making shared ownership a ladder of opportunity to owning your own home!

The property briefly comprises of:

  • Entrance hall with W.C leading to a open plan kitchen / living area, with a fitted kitchen with a built in stainless steel extractor fan, hob and oven.
  • Towards the rear of the property is a lounge diner, with French doors opening out to the garden.
  • The first floor has 3 bedrooms and a family bathroom with fitted shower over the bath, with a glass screen shower, toilet and wash hand basin fitted with chrome towel rail.

Measurements:-

  • Lounge /Kitchen Diner (L shaped) 7.67m x 4.70m x 3.25x (max)
  • Bedroom 1 – 2.63m x 4.20m
  • Bedroom 2 – 2.63m x 2.53m
  • Bedroom 3 – 2.0m x 2.53m

(All measurements should be treated as a guide only.)

Example of costs

Shares can be purchased from 40% to 75% initially (this is based on 5% increments, dependent on affordability and approval of eligibility for the Shared Ownership Scheme by Help to Buy Midlands).

  • 40% share - £86,000.00 monthly rent - £ 295.63, monthly service charge – £7.00
  • 50% share - £107,500.00 monthly rent - £246.35, monthly service charge – £7.00
  • 75% share - £161,250.00 monthly rent - £123.18, monthly service charge - £7.00

Full market value - £ 215,000.00

To register your interest

Call hello homes on 0844 892 2506 (charges apply) or email hellohomes@emhgroup.org.uk Please note that to purchase a shared ownership property you must have been approved by Help to Buy Midlands.

For more details of shared ownership and how to apply visit the link on our website: https://www.hellohomes.org.uk/ownership-options/help-to-buy-shared-ownership-new-build/

If you would like to be considered for one of our plots you will be required to submit your approved Help to Buy application reference and supporting documents; details of which will be provided upon contact to us.

Ask for details

Please contact hello homes: email hellohomes@emhgroup.org.uk, call 0844 892 2506 or fill in the form below


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