*Illustrative image only and exact specification may differ
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A 2 bedroom coach house with parking, featuring an open-plan kitchen/dining area plus living area, stylish bathroom and ensuite to bedroom 1.
This property is available on the Home Reach scheme. You can buy up to 75% of one of our homes and pay a low monthly rent on the part you don't buy.
PricesstatedareforA75%share You will be granted a 125-year lease, which means you will be able to live in your home as if you have bought it outright. You can also buy more of your home in the future (up to 100% ownership which is known as staircasing).
You are eligible to purchase using the Home Reach scheme if:
•Yourhouseholdincomedoesnotexceed£80,000 •You have a deposit (at least 5% of the share value)
•The property will be your principle home
•You pass a financial affordability assessment
Aboutbuyingthishome: Buying a home with the Home Reach scheme is an affordable way to purchase a brand new property- you may not even need a deposit.
To explain the scheme; you buy a share of your 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 can 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. To start with, you can purchase up to 75% of your chosen home and the shared ownership company Home Reach will become your landlord granting you a 125-year lease. This means you will be able to live in the home as if you've bought it outright. 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 shared in the future until you own the whole property and stop paying rent altogether. For more information please speak to a Sales Advisor who will be able to guide you.
*EstimatedTotalCombinedMonthlyCost:£622.24. *Estimated monthly cost is an illustrated figure only, based on a 25-year term, 3.5% mortgage rate. Please speak to an Independent Financial Advisor for exact costings.
If you are interested in this property and buying using the Home Reach scheme get in touch to find out more. A member of our team will help you find out if you qualify to buy this property and then can arrange a viewing for you.
Agents note: CGI and images are for illustrative purposes to show the intended finish of the home.
Property descriptions and related information displayed on this page are marketing materials provided by Complete. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Complete for full details and further information.
Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.
Total annual consumption (in cubic meters) is then averaged into a monthly cost.
Note: If you have 2 separate suppliers for water and sewage, you may receive 2 separate bills.
The Council Tax cost displayed is based on the council tax band and on the basis of 2 adults living at the property. The monthly cost shown excludes any discounts and is rounded to the nearest pound.
Full information on Council Tax discount entitlements can be found on the Gov.UK's website.