House For Sale £122,500
*Do you want to live in TAMWORTH, but feel it is impossible, SHARED OWNERSHIP can help you BUY your dream home, BRAND NEW ENERGY efficient homes are available at ARKALL FARM, built by DAVIDSON HOMES. Contact us TODAY to find out more*
INCENTIVE PACKAGE AVAILABLE IF RESERVED BEFORE END OF OCTOBER
Arkall Farm from Davidsons will bring a range of high quality Shared Ownership homes near Tamworth. The vibrant town of Tamworth is the perfect place to live, there are lots of local amenities nearby including the Snowdome & Drayton Manor theme park. Within a great location located between several city locations, Arkall Farm at Tamworth has everything you need!
We have 2 bedroom properties available to purchase for Shared Ownership.
The properties are modern 2 bedroom terraced homes consisting of a spacious open plan living/dining & kitchen area. The homes also benefit from a downstairs WC.
Upstairs there are two bedrooms as well as a family bathroom with modern fitted suite.
Plot 48 (Two Bed End Terraced House)
£122,500 for 50% share - Available March 2024!
Monthly rent on remaining share based on 50% share: £280.72
Prices start from £98,000 for a 40% share
Monthly rent on remaining share: £336.87
Other shares can be purchased subject to an affordability assessment.
*As the properties are not yet built we are moving forward with off plan sales*
*Demand is expected to be high Applications are treated as first come, first served.*
Shared Ownership is a fantastic opportunity if you're an unable to purchase a home on the open market. It allows you to buy a share in a property on a part buy/part rent basis and pay a subsidised rent on the part that you do not own. Over time you can purchase more shares in your property - this is known as 'staircasing'. This can be done at any time after initial purchase and it will reduce the amount of rent you pay as the share of the home that you do not own will have got smaller.
Council Tax TBC - due to these properties being new builds and not being previously occupied the council tax and banding has not yet been set.
Service Charge - A service charge will be charged against the property and is paid monthly with your rent payment. The service charge is reviewed on an annual basis This will include Buildings insurance, management and any communal/estate charges that may be covered (if applicable). The service charge displayed is estimated based on the initial assessment of the scheme, please contact the sales consultant for details.
Next Steps:
For further information, please download our brochure below.
Upon receipt of your application, we will refer you for an affordability assessment to determine the most affordable share for you.
Once you have passed the affordability assessment, we will pass your details to our Sales Consultant who will be able to take you through the reservation process.
We will offer shares between *40-75% of the property value depending on the outcome of the affordability assessment. The higher the share you purchase, the lower your rent will be. You will need to be able to obtain a mortgage for the share you want to purchase unless you have sufficient funds to enable you to purchase a share outright. Deposit amounts will be lower than purchasing a property on the open market
Am I eligible?
Shared Ownership uses the following criteria to help people to get onto the property ladder:
- Maximum annual household income of £80,000.
- Unable to purchase a home suitable for your needs.
*Please note some images should be used as a guide only*
Tenure: Leasehold
