2 bed flat for sale

Newman Square, Solihull, West Midlands B90

Bright and modern two-bedroom apartment now available in Solihull, through Shared Ownership.

The property features an entrance hallway, an open-plan living room and kitchen, two bedrooms, and one bathroom.

The property offers residents a private balcony.

This Shared Ownership property is subject to a Section 106 agreement, meaning specific eligibility criteria such as local connection requirements apply. All purchasers must be approved by the local authority and the housing provider.

Available for £76,500 for 30% share based on the marketing figure of £255,000.

Monthly rent - £474.59
Monthly Service Charge - £100.29
Total Monthly Charge - £574.88 plus mortgage required for 30% share.

On certain properties, service charges may be billed in different frequencies. For the purposes of illustration, our advertisement will state the equivalent monthly charge. Where charges are not billed monthly, purchasers will be informed before proceeding.

An annual rent increase takes place every April

Location

The property is located in a quiet and friendly area, making it an excellent place for families and individuals alike. There are local shops nearby, so you can easily get your groceries and other necessities. Parks and green spaces are also close, providing a nice spot for walks, picnics, or playing with children.

Schools in the area are good, making it a wonderful choice for families with children. Public transport is handy, making travelling to nearby towns or the city easy.

EPC rating

Energy rating band - B

Other information

How we allocate Shared Ownership homes

We offer homes on a first-come, first-served basis, as long as you meet all the eligibility criteria. Sometimes, we give priority to people who live or work in the same area as the home. This is based on rules set by the local authority. All Shared Ownership providers must publish an allocations policy, which explains how they decide who gets a home.

If the home is managed by so Resi and mtvh

You can read the Shared Ownership allocation policy on the mtvh website. So Resi is the Shared Ownership brand of mtvh, a housing association.

If the home is managed by another provider

Visit their website to find their allocation policy. Contact us if you have any questions.

In certain cases, the remaining length of the lease on a property can impact the availability of mortgages to prospective purchasers and the future saleability of the home. We recommend that you speak to your solicitor and your financial advisor to ensure that the lease length is suitable for your needs.