House For Sale £115,000
SHARED OWNERSHIP PURCHASE FROM 10% TO 75%
A fantastic opportunity to acquire a new build property situated on the development of Headstock Meadows within the village of Preston. This property is offered for sale on a shared ownership basis through East Riding of Yorkshire Council.
Accommodation briefly comprising entrance hall, open plan living and kitchen, two fantastic sized bedrooms and family bathroom.
Externally there is two allocated car parking spaces, front and rear garden.
East Riding of Yorkshire Council Tax Band - C
Energy Performance Certificate - B
Tenure - Leasehold
The Accommodation Comprises -
Entrance Hall - Front door leads into the entrance hall giving access to all rooms with cupboard housing gas central heating boiler and hatch to loft space.
Open Plan Kitchen/Living - 4.50 x 5.25 (14'9" x 17'2") - Excellent range of contemporary wall and floor units with complimentary work tops and splashbacks incorporating a moulded sink unit with contemporary mixer tap, split level oven, four ring induction hob with chimney extractor over, integrated dishwasher, washing machine and fridge freezer.
Open plan to the living area with large patio doors opening into the front garden, wood effect flooring, spotlights to the ceiling, television and USB points.
Master Bedroom - 3.60 x 2.92 (11'9" x 9'6") - Good sized light and airy room to the rear of the property with television point.
Bedroom Two - 2.27 x 3.54 (7'5" x 11'7") - Good sized light and airy room to the front of the property
Bathroom - 2.27 x 1.97 (7'5" x 6'5") - Modern white suite comprising of low level WC, wall mounted sink unit and panelled bath with chrome shower over. Feature tiling to the walls and tile effect vinyl flooring. Large chrome towel radiator and extractor fan.
Outside - Accessed by a private driveway there is a block paved driveway providing two parking spaces and the garden is laid mainly to lawn with a paved patio area adjacent to the property. Outdoor sockets. The side and rear gardens to the property are laid to stone for ease of maintenance.
Additional Information -
Share Purchase Price And Examples - The share purchase price is calculated using the full market value and the percentage share purchased.
If you buy a 25% share, the share purchase price will be £57,500 and the rent will be £395.31 a month.
If you buy a larger share, you'll pay less rent. The table below shows further examples.
Share Share Purchase Price | Monthly rent
10% £23,000 | £474.37
25% £57,500 | £395.31
30% £69,000 | £368.95
40% £92,000 | £231.00
50% £115,000 | £263.54
60% £138,000 | £210.83
70% £161,000 | £158.12
75% £172,500 | £131.77
The percentage share and rent amount will change depending on the amount you can afford. You'll receive a worked example after a financial assessment.
Your annual rent is calculated as 2.75% of the remaining share of the full market value owned by the landlord.
Monthly Payment To Landlord - Service charge £0
Estate charge £0
Buildings insurance £8.47
Management fee £0.84
Reserve fund payment £0
Total monthly payment excluding rent£9.31
Reservation Fee - £200 - You'll need to pay a reservation fee to secure your home. When you pay the fee, no one else will be able to reserve the home.
The reservation fee secures the home. If you buy the home, the fee will be taken off the final amount you pay on completion. If you do not buy the home, the fee is not refundable.
Eligibility - You can apply to buy the home if both of the following apply:
.your household income is £80,000 or less
.you cannot afford all of the deposit and mortgage payments to buy a home that meets your needs
One of the following must also be true:
.you're a first-time buyer
.you used to own a home but cannot afford to buy one now
.you're forming a new household - for example, after a relationship breakdown
.you're an existing shared owner, and you want to move
.you own a home and want to move but cannot afford to buy a new home for your needs
If you own a home, you must have completed the sale of the home on or before the date you complete your shared ownership purchase.
As part of your application, your finances and credit history will be assessed to ensure that you can afford and sustain the rental and mortgage payments.
Lease Type - Shared Ownership house lease.
Lease Term - 990 Years For more information.
Transfer Of Freehold - At 100% ownership, the freehold will transfer to you.
Landlord - East Riding of Yorkshire Council
County Hall
Cross Street
Beverley
HU17 9BA
Initial Repair Period - Up to £500 a year for the first 10 years to help with some essential repairs.
Landlords Nomination Period - When you give the landlord notice that you intend to sell your share in your home, the landlord has 4 weeks to find a buyer. The landlord may offer to buy back your share, but only in exceptional circumstances and if they have funds available. If they do not find a buyer within 4 weeks, you can sell your share yourself on the open market. For example, through an estate agent.
Pets - You can keep pets at the home.
Subletting - You cannot sublet (rent out) your entire home unless you either:
.own a 100% share; or
.have your landlord's permission which they will only give in exceptional circumstances
and
.have your mortgage lender's permission if you have a mortgage
Services - Mains gas, water, electricity and drainage.
Appliances - No appliances have been tested by the agent.
A fantastic opportunity to acquire a new build property situated on the development of Headstock Meadows within the village of Preston. This property is offered for sale on a shared ownership basis through East Riding of Yorkshire Council.
Accommodation briefly comprising entrance hall, open plan living and kitchen, two fantastic sized bedrooms and family bathroom.
Externally there is two allocated car parking spaces, front and rear garden.
East Riding of Yorkshire Council Tax Band - C
Energy Performance Certificate - B
Tenure - Leasehold
The Accommodation Comprises -
Entrance Hall - Front door leads into the entrance hall giving access to all rooms with cupboard housing gas central heating boiler and hatch to loft space.
Open Plan Kitchen/Living - 4.50 x 5.25 (14'9" x 17'2") - Excellent range of contemporary wall and floor units with complimentary work tops and splashbacks incorporating a moulded sink unit with contemporary mixer tap, split level oven, four ring induction hob with chimney extractor over, integrated dishwasher, washing machine and fridge freezer.
Open plan to the living area with large patio doors opening into the front garden, wood effect flooring, spotlights to the ceiling, television and USB points.
Master Bedroom - 3.60 x 2.92 (11'9" x 9'6") - Good sized light and airy room to the rear of the property with television point.
Bedroom Two - 2.27 x 3.54 (7'5" x 11'7") - Good sized light and airy room to the front of the property
Bathroom - 2.27 x 1.97 (7'5" x 6'5") - Modern white suite comprising of low level WC, wall mounted sink unit and panelled bath with chrome shower over. Feature tiling to the walls and tile effect vinyl flooring. Large chrome towel radiator and extractor fan.
Outside - Accessed by a private driveway there is a block paved driveway providing two parking spaces and the garden is laid mainly to lawn with a paved patio area adjacent to the property. Outdoor sockets. The side and rear gardens to the property are laid to stone for ease of maintenance.
Additional Information -
Share Purchase Price And Examples - The share purchase price is calculated using the full market value and the percentage share purchased.
If you buy a 25% share, the share purchase price will be £57,500 and the rent will be £395.31 a month.
If you buy a larger share, you'll pay less rent. The table below shows further examples.
Share Share Purchase Price | Monthly rent
10% £23,000 | £474.37
25% £57,500 | £395.31
30% £69,000 | £368.95
40% £92,000 | £231.00
50% £115,000 | £263.54
60% £138,000 | £210.83
70% £161,000 | £158.12
75% £172,500 | £131.77
The percentage share and rent amount will change depending on the amount you can afford. You'll receive a worked example after a financial assessment.
Your annual rent is calculated as 2.75% of the remaining share of the full market value owned by the landlord.
Monthly Payment To Landlord - Service charge £0
Estate charge £0
Buildings insurance £8.47
Management fee £0.84
Reserve fund payment £0
Total monthly payment excluding rent£9.31
Reservation Fee - £200 - You'll need to pay a reservation fee to secure your home. When you pay the fee, no one else will be able to reserve the home.
The reservation fee secures the home. If you buy the home, the fee will be taken off the final amount you pay on completion. If you do not buy the home, the fee is not refundable.
Eligibility - You can apply to buy the home if both of the following apply:
.your household income is £80,000 or less
.you cannot afford all of the deposit and mortgage payments to buy a home that meets your needs
One of the following must also be true:
.you're a first-time buyer
.you used to own a home but cannot afford to buy one now
.you're forming a new household - for example, after a relationship breakdown
.you're an existing shared owner, and you want to move
.you own a home and want to move but cannot afford to buy a new home for your needs
If you own a home, you must have completed the sale of the home on or before the date you complete your shared ownership purchase.
As part of your application, your finances and credit history will be assessed to ensure that you can afford and sustain the rental and mortgage payments.
Lease Type - Shared Ownership house lease.
Lease Term - 990 Years For more information.
Transfer Of Freehold - At 100% ownership, the freehold will transfer to you.
Landlord - East Riding of Yorkshire Council
County Hall
Cross Street
Beverley
HU17 9BA
Initial Repair Period - Up to £500 a year for the first 10 years to help with some essential repairs.
Landlords Nomination Period - When you give the landlord notice that you intend to sell your share in your home, the landlord has 4 weeks to find a buyer. The landlord may offer to buy back your share, but only in exceptional circumstances and if they have funds available. If they do not find a buyer within 4 weeks, you can sell your share yourself on the open market. For example, through an estate agent.
Pets - You can keep pets at the home.
Subletting - You cannot sublet (rent out) your entire home unless you either:
.own a 100% share; or
.have your landlord's permission which they will only give in exceptional circumstances
and
.have your mortgage lender's permission if you have a mortgage
Services - Mains gas, water, electricity and drainage.
Appliances - No appliances have been tested by the agent.
