House For Sale £85,500
Brand New 2 Bedroom Houses available to buy on Shared Ownership. A 45% share* is available for £85,500 plus a monthly rental charge. These properties are located on a new development called Dracan Village at Drakelow Park, a new neighbourhood close to Burton on Trent.
Our 2 Bedroom Terraced Houses briefly comprise:
- Entrance Hall
- Modern fitted Kitchen with oven, hob & hood
- Downstairs WC
- Living/Dining room with French doors to rear garden
- Two Bedrooms
- Bathroom with shower over bath
- Gas-fired central heating
- Flooring/carpets throughout
- Turfed rear garden
- Allocated parking
Drakelow Park has the River Trent to the North, and open fields to the South. Less than 4 miles south of Burton-upon-Trent, the location benefits from all the facilities of this market town including shops, supermarkets and popular local pubs and restaurants. The neighbouring village of Stapenhill also offers a range of amenities.
There are miles of footpaths to enjoy walking or cycling by the river within walking distance, as well as great choice of schools and transport links within very easy reach. Burton-on-Trent railway station is 3 miles away, with regular services to Derby, Nottingham and Birmingham. East Midlands Airport is only 30 minutes away by car, while Birmingham Airport can be reached in 35 minutes.
PRICE
Full Market Value £190,000 (100%)
Shares available from 45% to 75%
45% share = £85,500 Rent = £239.48
75% share = £142,500 Rent = £108.85
Plus the following monthly charges:
Management Charge: £22.00
Buildings Insurance: £12.93
Estate Charge: £2.93
Shared Ownership is ideal for first time buyers, or anyone who qualifies, and cannot afford to buy outright to get onto the property ladder. It is great if you have limited savings, as you only need a deposit for the share you buy.
Contact us to see how we can help you buy your very own home. If you wish to register an interest in Dracan Village and/or arrange a viewing please provide:
- Your total annual Household Income
- Your Household Savings for house purchase
Shared Ownership homes provided through the new Shared Ownership and Affordable Homes Programme 2021 to 2026.All applicants are required to check they meet the criteria for Shared Ownership as set out at GOV.UK in the first instance.
*Price advertised is for a 45% share. Maximum share for initial purchase 75%; Actual share purchase will be determined by financial assessment and individual circumstances in accordance with the HCA guidelines. Amount advertised is subject to change. Alternative shares are available upon request & will be determined by the applicant’s affordability & target share being met.
An additional monthly rental charge applies that includes rent, buildings insurance, estate and management charge but excludes any mortgage payment.
^Any Images/Photographs shown are for illustrative purposes only & simply represent a typical Midland Heart property at this location.
>Floor plans depict a typical layout of this house type and are for illustrative purposes only. They are not intended to be used for carpet sizes, appliance sizes or items of furniture. For exact plot specification, please speak with our Sales Adviser. Some properties may be a mirror image of the plan shown & some aspects may differ.
