Property Details

Plot 21 11 Chestnut Drive

£52,500 for 25%
Scheme: Shared Ownership
Developer: Broadacres
Development: Riverside Mills
2 2
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or Call Broadacres on 0113 8246 888
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About this Property

Property Features:

Two bedroom end of terrace house built by Linden Homes on their Riverside Mills Development, the property comprises:

  • Entrance
  • Stylish kitchen/dining with electric oven, hob and extractor
  • lounge
  • Downstairs WC
  • Two double bedrooms
  • House bathroom with 3 piece suite
  • Turfed rear gardens
  • Fencing to all sides
  • Parking spaces
  • 10 year NHBC ‘Buildmark Warranty’

 

Property Overview:

This new Home is available to purchase on shared ownership from £52,500 for a 25% share plus a weekly rent of £83.29.

Situated within walking distance of Boroughbridge centre which offers all the amenities one could need.

These homes are valued at £210,000 but with our shared ownership scheme, you could purchase a share of a home for as little as £52,500 (a 25% share) and pay a subsidised rent on the remaining share; making the cost of buying a new home more affordable.

When buying a new home, the mortgage deposit needed can be substantial. With shared ownership, you only need a 10% deposit of the share amount, this means it could be as little as £5250*. The share amount you purchase is based on your own circumstances and affordability.

To qualify for shared ownership, there are few boxes you need to tick: 

  • You are not currently a home owner. 
  • You have a household income of less than £80,000. 
  • You have a sufficient deposit (a minimum of 10%) for the percentage of the home you'd like a mortgage for. 
  • You can prove you can afford the monthly mortgage repayments.

There is a rural restriction on our homes at Boroughbridge, get in touch to find out more.

For further information and an application form, please contact our friendly sales team at Broadacres. 

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