House For Sale £187,500
Summary
This stunning two bedroom detached bungalow offers the chance to purchase a 50% share with a minimum deposit of just £9375 via Home Reach. Reserve before the 30th September 2022 and you will receive £1,000 towards your legal fees*.Call our Shared Ownership specialists today to arrange a viewing,
description
Connells Shared Ownership hub are proud to present these stunning bungalows available to purchase from Home Reach (Heylo Housing) on the brand new Fletchers Rise development.
Fletchers Rise offers plenty of space with serene surroundings and large, open meadows. Keeping the eco-system in mind Bovis Homes have provided a landscape that promotes the local wildlife; including the addition of hedgehog highways on some homes.
Plot 31 & 32
These two bedroom bungalows called The Elm benefit from an open plan kitchen/diner, separate living area, master bedroom, a further second bedroom, family bathroom and built-in storage.
Price Example:
50% shares available at: £187,500
Full Market Value from: £375,000
Minimum of 5% deposit from: £9,375
Rent payable pcm: £429.69
Features
Open plan kitchen/diner
Separate living area
Built-in storage
Premium fitted kitchen
Hob/built-in single oven/glass splashback/curved glass chimney hood
Ideal Standard contemporary white Concept Air sanitaryware suite
Combined usb/double sockets to the kitchen and master bedroom
Gas central heating
External light to the front porch
Landscaped front garden
External tap
Smoke alarm is included
Carbon monoxide alarm is not included
What Is Home Reach?
With Home Reach you buy a share of your chosen newly built home and pay a monthly rent on the part you don’t buy. Your budget will decide the size of the share you buy, rather than the size of your home.
So, you might decide to buy a bigger share of a lower priced home or a smaller share of a more expensive home.
You are able to purchase your share in either cash savings or by taking out a mortgage. If you are taking out a mortgage to finance your share, you will need to allow for a minimum of 5% deposit. The larger your deposit (typically 10%) the lower your mortgage repayments are likely to be.
Shares up to 75% available of your chosen home and heylo will become your landlord granting you a lease. This means you will be able to live in the home as if you’ve bought it outright. Starting shares vary across developments and plots. Shares available depending on affordability.
On the share you do not purchase, you will pay rent of 2.75% of the unsold value, this will be paid monthly via direct debit. You can purchase more shares in the future until you own the whole property and stop paying rent altogether.
What Is The Criteria?
-The first thing to consider is your income. To be eligible, your household income cannot exceed £80,000.
-Secondly, you must be either a verified first-time buyer, or if you used to own a home but don’t anymore and then you must be in the position that you can’t currently afford to buy outright again.
-To verify your financial circumstances as part of the eligibility criteria, an independent financial assessment will verify your capacity to pay the monthly costs you’ll need to maintain residence in your property.
-To move forward with the purchase of a part buy – part rent property, you must be registered with a Help to Buy agent. In this case, it is Helptobuyagent2
-Finally, the property you are buying will be your principle and only home.
Lease details are currently being compiled. For 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: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.
This stunning two bedroom detached bungalow offers the chance to purchase a 50% share with a minimum deposit of just £9375 via Home Reach. Reserve before the 30th September 2022 and you will receive £1,000 towards your legal fees*.Call our Shared Ownership specialists today to arrange a viewing,
description
Connells Shared Ownership hub are proud to present these stunning bungalows available to purchase from Home Reach (Heylo Housing) on the brand new Fletchers Rise development.
Fletchers Rise offers plenty of space with serene surroundings and large, open meadows. Keeping the eco-system in mind Bovis Homes have provided a landscape that promotes the local wildlife; including the addition of hedgehog highways on some homes.
Plot 31 & 32
These two bedroom bungalows called The Elm benefit from an open plan kitchen/diner, separate living area, master bedroom, a further second bedroom, family bathroom and built-in storage.
Price Example:
50% shares available at: £187,500
Full Market Value from: £375,000
Minimum of 5% deposit from: £9,375
Rent payable pcm: £429.69
Features
Open plan kitchen/diner
Separate living area
Built-in storage
Premium fitted kitchen
Hob/built-in single oven/glass splashback/curved glass chimney hood
Ideal Standard contemporary white Concept Air sanitaryware suite
Combined usb/double sockets to the kitchen and master bedroom
Gas central heating
External light to the front porch
Landscaped front garden
External tap
Smoke alarm is included
Carbon monoxide alarm is not included
What Is Home Reach?
With Home Reach you buy a share of your chosen newly built home and pay a monthly rent on the part you don’t buy. Your budget will decide the size of the share you buy, rather than the size of your home.
So, you might decide to buy a bigger share of a lower priced home or a smaller share of a more expensive home.
You are able to purchase your share in either cash savings or by taking out a mortgage. If you are taking out a mortgage to finance your share, you will need to allow for a minimum of 5% deposit. The larger your deposit (typically 10%) the lower your mortgage repayments are likely to be.
Shares up to 75% available of your chosen home and heylo will become your landlord granting you a lease. This means you will be able to live in the home as if you’ve bought it outright. Starting shares vary across developments and plots. Shares available depending on affordability.
On the share you do not purchase, you will pay rent of 2.75% of the unsold value, this will be paid monthly via direct debit. You can purchase more shares in the future until you own the whole property and stop paying rent altogether.
What Is The Criteria?
-The first thing to consider is your income. To be eligible, your household income cannot exceed £80,000.
-Secondly, you must be either a verified first-time buyer, or if you used to own a home but don’t anymore and then you must be in the position that you can’t currently afford to buy outright again.
-To verify your financial circumstances as part of the eligibility criteria, an independent financial assessment will verify your capacity to pay the monthly costs you’ll need to maintain residence in your property.
-To move forward with the purchase of a part buy – part rent property, you must be registered with a Help to Buy agent. In this case, it is Helptobuyagent2
-Finally, the property you are buying will be your principle and only home.
Lease details are currently being compiled. For 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: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.
