Property Details

Plot 4 The Vermont

£48,740 for 25%
Scheme: Shared Ownership
Developer: Home Group
Development: Roecliffe Drive
2 1
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About this Property

Property Features:

  • Buy a brand new home with a £2,438 deposit*
  • Available through shared ownership
  • Two bedroom mid-terraced home
  • Desirable, rural location
  • Available with allocated parking

 

Property Overview:

Start 2020 in a new home. Reserve before Christmas and we’ll treat you to a £1,000 Love2Shop voucher*, perfect for the new year sales!

The Vermont is a lovely terraced two bedroom home, available with allocated parking.

The front door opens into a beautiful, open plan ground floor. To the right, a kitchen and dining space with integrated induction hob, electric oven and extractor hood. To the left, a spacious living room with doors that open out onto the turfed and fenced rear garden, two storage cupboards and a downstairs cloakroom.

To the first floor, there are two good sized bedrooms, a family bathroom and a further storage cupboard.

The specification includes:

·         Electric oven

·         Induction hob

·         Extractor hood

·         Rixonway kitchen cupboards and worktops

·         Allocated parking

·         Good sized turfed and fenced rear garden

Prices start from £195,000 but, with shared ownership, you could purchase a 25% share of your new home for as little as £48,740 and pay a rent on the remaining share. This means your total monthly payments could be as low as £523. If you're buying with a mortgage you only need a 5% deposit for the amount you borrow, meaning your deposit could be as low as £2,438*. 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 5%) for the percentage of the home you'd like a mortgage for. 
  • You can prove you can afford the monthly mortgage repayments.

Estimated monthly service charge: £35

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

*Home Group Terms and Conditions apply.  To qualify you must reserve your new home between Monday 11th November and Sunday 15th December 2019 and complete your sale by 31st March 2020.  Offer applies to new sales only for a limited time, on selected plots at Stannington Mews, Essendene Rise, St Nicholas Manor, Barley Gate, Preston Green, Butterfields, Oak Park, Barley Folde, The Beeches and Roecliffe Drive.

The offer is to pay one voucher only per property limited to the value of £1,000, which is payable after completion. The cash equivalent is not available. We reserve the right to withdraw the offer from market without notice. 

Information correct at time of broadcast – Monday 11th November.

**This is based on a 25% share (£48,740) of a two bedroom house valued from £195,000 with a 5% mortgage deposit (£2,438). The estimated monthly service charge is approximately £35.  The share you buy is dependent on your financial and personal circumstances.

Want to find out what share you could afford to purchase? Get in touch! 

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