Please note, the majority of our shared ownership homes undergo a rent review in April 2024. The review will depend on the shared ownership lease, but the majority will see a 9.4% uplift to the rent. We will confirm the exact changes to the rent for this property as part of the sales process.
£212,000 for a 80% share
Open Market Value: £265,000
From £90 per calendar month
Service Charge: £21.86
Shared Ownership Resale
Available on shared ownership 1
2 Little Barnyard, Shrewsbury
Stonewater are marketing this lovely three bedroom property on behalf of the vendor. This property is a three bedroom semi detached house located in the quiet area of Shrewsbury. The property consists of a hallway, Kitchen and Living room Conservatory, Three Bedrooms and a Bathroom Externally you will find a private enclosed rear garden with country side views and large drive way and shed for additional storage for bikes or any other items you wish to keep outside and sheltered . The property is well maintained and has been kept beautifully.
The property is located within a small village with a local shop, church and Pub. Across the property you have the local primary school with a secondary school close by. The local town of Shrewsbury is only five miles away.
There is currently a 80% share available. The monthly rent and service charge at the property amount to £111.99 There are 89years remaining on the lease.
Key points on the property :
Gas Central Heating with modern combi boiler
Council tax - C
EPC Rating - C
Broadband available
Thank you for your recent interest in the above property. The seller is currently accepting viewings and if you would like to arrange a viewing, please contact the seller on the details below.
Seller Name: Natalie and Alister Kane
Seller Contact Details: TEL : 07585 686 485 or Email : Njk86@hotmail.com
As a shared ownership home, you will need to be eligible for Shared Ownership.
As a reminder, to be eligible for shared ownership you will need to evidence:
• your household income is £80,000 a year or less (£90,000 a year or less in London)
• you cannot afford all of the deposit and mortgage payments for a home that meets your needs
One of the following must also be true:
• you’re a first-time buyer
• you used to own a home but cannot afford to buy one now
• you’re forming a new household - for example, after a relationship breakdown
• you’re an existing shared owner, and you want to move
• you own a home and want to move but cannot afford a new home that meets your needs
Please take note of the minimum income, £48,129 and minimum deposit £10,600 plus moving and sols fee £2500for this property.
If you make a successful offer to the seller after your viewing, they will let us know and we will then be able to refer you for a financial assessment with an Independent Financial Advisor. This is compulsory for all Shared Ownership purchases and does not interfere with any mortgage arrangements you have already made. They will complete an assessment but you are not obliged to use them afterwards to arrange your mortgage, but can if you wish.
Interested in buying a shared ownership home? Follow our simple three step guide Find out more about shared ownership
What is shared ownership? Your questions answered Find out about shared ownership
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