3-Bed Shared Ownership at 'Poppyfields' - Melton Road, Barrow Upon Soar LE12 8NX
3 bedroom semi-detached houseShared ownership £86,000 (40% Share)
- 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', 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
COMING SPRING / SUMMER 2020
hello homes are pleased to offer these 3 bedroom semi detached homes for sale on a Shared Ownership basis.
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.
- 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 0300 123 0918 or email firstname.lastname@example.org
Please note that to purchase a shared ownership property you must have been approved by Help to Buy.
For more details of shared ownership and how to apply visit the following link: https://www.helptobuyagent2.org.uk/help-to-buy-schemes/shared-ownership
The link to register for shared ownership is: https://www.helptobuyagent2.org.uk/login
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.