* Leasehold
* All plots now reserved *
Brand New 2 Bedroom shared ownership Homes are now available in the village of
Thrybergh on the outskirts of Rotherham
Available to purchase at £106, 875 with a deposit of £5, 343 which represents a
75% share of the full market value of £142, 500.
Designed to maximise space for modern living. The Bay is a well laid - out
2 - bedroom semi - detached or end - terrace home available for shared ownership
sale. Downstairs there is a spacious lounge with storage cupboard under the
stairs to the front of the property. At the back, there is an open - plan
kitchen / diner with patio doors opening out into the garden. There is also a
downstairs WC off the kitchen area.
Upstairs, the master bedroom is situated at the rear of the property, with the
second bedroom to the front. A family bathroom with shower over bath is in
between the two bedrooms.
Located in the delightful village of Thrybergh, close to Rotherham, Doncaster
and Sheffield, Whinney Hill has something to offer for commuters, first - time
buyers and growing families alike. High quality interiors are combined with
thoughtful layouts and considerately designed exteriors to create an
attractive and welcoming community.
What is Shared Ownership? Shared ownership could be your step on to the
property ladder. This home ownership scheme allows you to purchase a share in
your home and rent the remaining unowned share. Over time you can buy more
shares in your home until you own the full 100%.
How does Shared Ownership Work? You buy an initial share of between 40% and
75% of the property's full value and pay a subsidised rent on the remaining
share you don't own. You may purchase further shares up to 100% of the full
property value, as your circumstances change, although there is no obligation
to do so. You will be asked to speak with a Financial Advisor to assess what
share you can buy, ensuring this is both affordable and sustainable, based on
your circumstances. Shared ownership can be cheaper than renting a property
privately as the mortgage cost and subsidised rent usually add up to less than
the equivalent rental payments to a landlord
Example:
Property Purchase price £142, 500
. You purchase a 75% share = £106, 875 funded through a combination of your own
deposit (£5, 343) and mortgage (£101, 532)
. You rent the remaining 25% share = £35, 625 x 2. 5% rent = rent of £74. 22 per
month
. 75% is the maximum share price which you can initially purchase.
There is an option to purchase up to 100% of the property value at a later
point should you wish to do so.
You enjoy all the benefits of living in a brand new home with an open market
value of £142, 500
. You can stay in the property for as long as you wish and can sell the share
you own at any time. You make the decisions.
Estimated Service charge £39. 63 pcm
. Please speak to one of our advisors to find out more about owning a share of
this fabulous property.
** typical interior images and may not depict actual house type **

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