3 bedroom semi-detached house
***Shared Ownership Properties Now Available In Lichfield***
Tenure Type: Shared ownership
Shared ownership £70,500 (25% Share)
- 10 Year Build Warranty
- Modern Fitted Kitchen
- Integrated Cooker, Hob & Extractor Fan
- Downstairs WC
- Family Bathroom
- Turfed Rear Garden
- Bathrooms: 1
- Full market value: £282,000
- Garage: Driveway
- Receptions: 1
- Shares available: 25%
- Tenure: Leasehold
Platform Housing Group are excited to release our first shared ownership homes at St. Johns Grange!
Our shared ownership properties are set on the outskirts of the city of Lichfield, with its famous cathedral plus a plethora of historic streets surrounded by picturesque Staffordshire countryside. Cannock Chase is close by, as well as Chase Water Country Park - a great place to while away a few hours. There is an abundance of shops and schools near-by, and plenty of restaurants and local bars to choose from.
We will have 3 bedroom semi detached houses on our first release. The accommodation comprises of hall, lounge, dining kitchen, three bedrooms and bathroom. The property benefits from gas central heating and double glazing. There is a driveway to the front and garden to the rear. The property will also have an NHBC 10 year warranty.
Plot 34 - Three Bedroom Semi Detached - £70,500 for a 25% Share
Plot 35 - Three Bedroom Semi Detached - £70,500 for a 25% Share
Plot 36 - Three Bedroom Semi Detached - NOW RESERVED
Please register your interest for this development, we will contact you as soon as we have received it.
Shared Ownership is a fantastic opportunity if you're an unable to purchase a home on the open market. It allows you to buy a share in a brand new leasehold property on a part buy/ part rent basis and pay a subsidised rent on the part that you do not own. After the initial purchase it is possible to buy further shares and eventually own these properties outright.
We will offer shares for sale normally between 25-75% of the property depending on how much you can afford to purchase and charge rent on the remaining share. The bigger the share you buy, the less rent you have to pay. You will need to be able to raise a mortgage for the share you want to purchase unless you have sufficient money to enable you to purchase without. The combined cost of mortgage and rent is often cheaper than privately renting in the area.Am I eligible?
Shared Ownership uses the following criteria to help people to get a foot on the housing ladder:
- Maximum annual household income of £80,000.
- Unable to purchase a home suitable for your needs.
Please note some images are typical and should be used as a guide only
% Share Price Monthly Rent 25% £70,500 £484.69 30% £84,600 £452.38 35% £98,700 £420.06 40% £112,800 £387.75 45% £126,900 £355.44 50% £141,000 £323.13 55% £155,100 £290.81 60% £169,200 £258.50 65% £183,300 £226.19 70% £197,400 £193.88 75% £211,500 £161.56