House For Sale £190,000
Summary
This stunning two bedroom semi-detached family home offers the chance to purchase a 50% share with a minimum deposit of just £9,500 via Home Reach. Reserve before the 30th September 2022 and you will receive £1,000 towards your legal fees*.
Description
Atkinson Stilgoe are proud to introduce this great two bedroom semi-detached family home, available to purchase via Home Reach (Heylo Housing).
Plot 73 - the holly
The contemporary open-plan design of this stylish, modern home makes the most of all the available space. The front-facing kitchen flows seamlessly into a spacious sitting/dining area, which opens out into the private garden through French doors.
Price Example:
Full Market Value: £390,000
50% share available to purchase: £190,000
Minimum 5% deposit required of: £9,500
Rent payable pcm: £435.42
Features
Open plan kitchen/diner
Separate living area
Downstairs cloakroom
Built-in storage to the ground floor and bedroom 2
Ensuite to the master
Dressing area to the master
Symphony Premium range kitchen units
Premium laminate worktops to the kitchen with matching upstands
Indesit hob 4-burner/built-in single oven/chimney hood
Ideal Standard contemporary white sanitary ware suite
Mains wired security alarm system
Gas central heating
Combined usb/double sockets to the kitchen and master bedroom
Lawned front and rear garden
Outside tap
Contemporary chrome light to the front and rear of the house
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.
Ground Floor
Kitchen/ Dining Room 15' 6" x 9' 10" ( 4.72m x 3.00m )
Sitting Room 12' 2" x 12' 10" ( 3.71m x 3.91m )
First Floor
Bedroom One 11' 9" x 10' 5" ( 3.58m x 3.17m )
Bedroom Two 15' 6" x 11' 1" ( 4.72m x 3.38m )
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 semi-detached family home offers the chance to purchase a 50% share with a minimum deposit of just £9,500 via Home Reach. Reserve before the 30th September 2022 and you will receive £1,000 towards your legal fees*.
Description
Atkinson Stilgoe are proud to introduce this great two bedroom semi-detached family home, available to purchase via Home Reach (Heylo Housing).
Plot 73 - the holly
The contemporary open-plan design of this stylish, modern home makes the most of all the available space. The front-facing kitchen flows seamlessly into a spacious sitting/dining area, which opens out into the private garden through French doors.
Price Example:
Full Market Value: £390,000
50% share available to purchase: £190,000
Minimum 5% deposit required of: £9,500
Rent payable pcm: £435.42
Features
Open plan kitchen/diner
Separate living area
Downstairs cloakroom
Built-in storage to the ground floor and bedroom 2
Ensuite to the master
Dressing area to the master
Symphony Premium range kitchen units
Premium laminate worktops to the kitchen with matching upstands
Indesit hob 4-burner/built-in single oven/chimney hood
Ideal Standard contemporary white sanitary ware suite
Mains wired security alarm system
Gas central heating
Combined usb/double sockets to the kitchen and master bedroom
Lawned front and rear garden
Outside tap
Contemporary chrome light to the front and rear of the house
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.
Ground Floor
Kitchen/ Dining Room 15' 6" x 9' 10" ( 4.72m x 3.00m )
Sitting Room 12' 2" x 12' 10" ( 3.71m x 3.91m )
First Floor
Bedroom One 11' 9" x 10' 5" ( 3.58m x 3.17m )
Bedroom Two 15' 6" x 11' 1" ( 4.72m x 3.38m )
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.
