House For Sale £232,300
Summary
A stunning 4 bedroom detached home. Home reach scheme! - Virtual tour available.
Priory Fields, Wookey Hole Road, Wells, Somerset, BA5 1AA
description
Plot 38, The Chestnut, is a 4 bedroom detached home now available on the Home Reach 'Part Buy - Part Rent' scheme. The property has a stylish, open-plan kitchen/dining room ideal for family meals and entertaining friends and a light and bright front facing living room. The three bedrooms provide plenty of space to relax and recharge and the master benefits from an ensuite shower room. Providing a considered environment for you to add your own identity and create a peaceful retreat from busy city life.
Price Shown is for a 50% share (£464,200 full value) but other share options available. Viewing strictly through Allen & Harris Kitchen 13' 2" x 11' 1" ( 4.01m x 3.38m )
Dining Room 15' x 9' 2" ( 4.57m x 2.79m )
Living Room 11' 1" x 16' 3" ( 3.38m x 4.95m )
Study 11' 1" x 5' 9" ( 3.38m x 1.75m )
Bedroom 1 10' 5" x 9' 9" ( 3.17m x 2.97m )
Bedroom 2 11' 4" x 11' ( 3.45m x 3.35m )
Bedroom 3 7' 7" x 7' 6" ( 2.31m x 2.29m )
Bedroom 4 11' 2" x 7' 7" ( 3.40m x 2.31m )
The Development
Priory Fields is a stunning collection of 2,3 & 4 bedroom homes located in the heart of Somerset just minutes to the historical city of Wells. Best known for its striking cathedral, Wells is one of the smallest cities in the UK and named after the springs which can be found in the gardens of the Bishop's Palace. Surrounded by pretty villages and glorious scenery, Priory Fields is the ideal location to experience small city life in a semi-rural location. Excellent road links on the doorstep with Taunton, Bristol and Bath all within easy reach.
What Is Part Buy Part Rent?
You buy an initial share in your new homes - usually between 25% and 75% - and you pay a rent on the remaining share. The share you buy will be the most you can afford based on a financial assessment. Then, if your financial circumstances change, you can buy further shares as and when it is appropriate to you, and in most cases you can own your home outright. (subject to the terms of your lease).
It does not mean that you have to share your home with anyone! Not just for first time buyers!
Elegibility For Home Reach
Buyers must be at least 18 years old
Buyers must have a total household income under £80,000 (£90,000 in London)
Buyers must meet the Homes England affordability and sustainability assessments (see the Homes England calculator guidance for further information)
Buyers are expected to use any savings and assets towards the purchase of their home. This may mean selling assets such as bonds, shares, land and any other financial investments.
Buyers in receipt of benefits are eligible for shared ownership provided they meet the Homes England affordability assessment
Self-employed buyers must be able to provide 2-years evidence of their income
Buyers must purchase the maximum share they can reasonably afford within the parameters of the Homes England calculator
Shared owners must be first time buyers or:
Not currently own a home suitable for their housing needs
Sell a home not suitable for their housing needs before buying shared ownership
Own a non-residential property that provides their main income source
Buyers must have good credit history and must not have (for more information on acceptable credit for Home Reach please refer to the credit policy):
A mortgage or rent arrears
Other bad debts
County Court Judgements
Buyers must have a minimum 5% deposit towards the share they are purchasing
Buyers may retain a portion of their savings to cover the costs of purchase and moving home (typically up to £5,000). This may include:
Legal fees
Stamp Duty Land Tax where applicable
Mortgage application fees
Valuation fees and any associated moving costs
Ongoing Monthly Costs
Shared ownership makes buying your home more affordable but there are still costs to be aware of. You'll need to think about the on-going costs of ownership like Council Tax and utility bills, but don't worry, your Independent Financial Adviser can help you budget for these. You will need to pay rent on the share you don't purchase, this is collected monthly via direct debit. Rent is charged at 2.75% (on the share you don't purchase) and increases annually by rpi + 0.5%.
Please Note.
We will endeavour to use the photographs and virtual tours of the actual property but may also show pictures/videos of the showhome, other plots on the development and/or computer generated images. Floorplan images may be handed. All costs are correct at time of publication but could be subject to change. Reservation fee applies
We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.
1. Money laundering regulations: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract. The matters referred to in these particulars should be independently verified by prospective buyers or tenants. Neither sequence (UK) limited nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.
A stunning 4 bedroom detached home. Home reach scheme! - Virtual tour available.
Priory Fields, Wookey Hole Road, Wells, Somerset, BA5 1AA
description
Plot 38, The Chestnut, is a 4 bedroom detached home now available on the Home Reach 'Part Buy - Part Rent' scheme. The property has a stylish, open-plan kitchen/dining room ideal for family meals and entertaining friends and a light and bright front facing living room. The three bedrooms provide plenty of space to relax and recharge and the master benefits from an ensuite shower room. Providing a considered environment for you to add your own identity and create a peaceful retreat from busy city life.
Price Shown is for a 50% share (£464,200 full value) but other share options available. Viewing strictly through Allen & Harris Kitchen 13' 2" x 11' 1" ( 4.01m x 3.38m )
Dining Room 15' x 9' 2" ( 4.57m x 2.79m )
Living Room 11' 1" x 16' 3" ( 3.38m x 4.95m )
Study 11' 1" x 5' 9" ( 3.38m x 1.75m )
Bedroom 1 10' 5" x 9' 9" ( 3.17m x 2.97m )
Bedroom 2 11' 4" x 11' ( 3.45m x 3.35m )
Bedroom 3 7' 7" x 7' 6" ( 2.31m x 2.29m )
Bedroom 4 11' 2" x 7' 7" ( 3.40m x 2.31m )
The Development
Priory Fields is a stunning collection of 2,3 & 4 bedroom homes located in the heart of Somerset just minutes to the historical city of Wells. Best known for its striking cathedral, Wells is one of the smallest cities in the UK and named after the springs which can be found in the gardens of the Bishop's Palace. Surrounded by pretty villages and glorious scenery, Priory Fields is the ideal location to experience small city life in a semi-rural location. Excellent road links on the doorstep with Taunton, Bristol and Bath all within easy reach.
What Is Part Buy Part Rent?
You buy an initial share in your new homes - usually between 25% and 75% - and you pay a rent on the remaining share. The share you buy will be the most you can afford based on a financial assessment. Then, if your financial circumstances change, you can buy further shares as and when it is appropriate to you, and in most cases you can own your home outright. (subject to the terms of your lease).
It does not mean that you have to share your home with anyone! Not just for first time buyers!
Elegibility For Home Reach
Buyers must be at least 18 years old
Buyers must have a total household income under £80,000 (£90,000 in London)
Buyers must meet the Homes England affordability and sustainability assessments (see the Homes England calculator guidance for further information)
Buyers are expected to use any savings and assets towards the purchase of their home. This may mean selling assets such as bonds, shares, land and any other financial investments.
Buyers in receipt of benefits are eligible for shared ownership provided they meet the Homes England affordability assessment
Self-employed buyers must be able to provide 2-years evidence of their income
Buyers must purchase the maximum share they can reasonably afford within the parameters of the Homes England calculator
Shared owners must be first time buyers or:
Not currently own a home suitable for their housing needs
Sell a home not suitable for their housing needs before buying shared ownership
Own a non-residential property that provides their main income source
Buyers must have good credit history and must not have (for more information on acceptable credit for Home Reach please refer to the credit policy):
A mortgage or rent arrears
Other bad debts
County Court Judgements
Buyers must have a minimum 5% deposit towards the share they are purchasing
Buyers may retain a portion of their savings to cover the costs of purchase and moving home (typically up to £5,000). This may include:
Legal fees
Stamp Duty Land Tax where applicable
Mortgage application fees
Valuation fees and any associated moving costs
Ongoing Monthly Costs
Shared ownership makes buying your home more affordable but there are still costs to be aware of. You'll need to think about the on-going costs of ownership like Council Tax and utility bills, but don't worry, your Independent Financial Adviser can help you budget for these. You will need to pay rent on the share you don't purchase, this is collected monthly via direct debit. Rent is charged at 2.75% (on the share you don't purchase) and increases annually by rpi + 0.5%.
Please Note.
We will endeavour to use the photographs and virtual tours of the actual property but may also show pictures/videos of the showhome, other plots on the development and/or computer generated images. Floorplan images may be handed. All costs are correct at time of publication but could be subject to change. Reservation fee applies
We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.
1. Money laundering regulations: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract. The matters referred to in these particulars should be independently verified by prospective buyers or tenants. Neither sequence (UK) limited nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.
