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Fradley Manor Plots 11 13

FINAL PHASE

Development New homes at

Fradley Manor

A selection of Three bedroom end-terraced houses and semi-detached houses for Shared Ownership.

1 x 3 bedroom end-terraced house and 2 x 3 bedroom semi-detached houses

Selection of 3 bedroom houses available

View available properties

Or call our team on 0333 200 7304

buy from £111,000

or rent from £381.00 monthly

buy from £111,000

or rent from £381.00 monthly

Development New homes at

Fradley Manor

A selection of Three bedroom end-terraced houses and semi-detached houses for Shared Ownership.

1 x 3 bedroom end-terraced house and 2 x 3 bedroom semi-detached houses

Selection of 3 bedroom houses available

View available properties

Or call our team on 0333 200 7304

buy from £111,000

or rent from £381.00 monthly

See all available properties in this development

Click on photo to find out more about each property

Features

  • 10 year build warranty
  • Allocated parking
  • Double glazed windows
  • Family bathroom with shower over bath
  • Gas central heating
  • Modern fitted kitchen
  • Stainless steel oven, hob & extractor
  • Turfed rear garden

Tenure

Shared Ownership

More information

The Development

It's your last chance. Our final homes are now available at this highly sought-after development. With only three plots available, don't wait around enquire now to find out more about the available homes and see if it's the right move for you. All homes now available are three bedroom homes available through Shared Ownership.

Located to the north of Birmingham, in the quaint village of Fradley in Staffordshire, Fradley Manor offers a great base for those needing close links to transport to larger towns and cities. With only 5 miles to travel to Lichfield, residents of the development benefit from the abundance of local amenities it has to offer. Including several supermarkets, schools and restaurants.

Available Homes

Plot 204

Three bedroom end-terrace home - £277,500 full market value

£111,000 for a 40% share (deposit from £5,550 for 40% share)

Monthly rent on remaining share £381.56

Plot 205

Three bedroom, semi-detached home - £280,000 full market value

£112,000 for a 40% share (deposit from £5,600 for 40% share)

Monthly rent on remaining share £385.000

Plot 206

Three bedroom, semi-detached home - £280,000 full market value

£112,000 for a 40% share (deposit from £5,600 for 40% share)

Monthly rent on remaining share £385.000

These properties are estimated to be handed over in June 2024.

Other shares can be purchased subject to an affordability assessment.

Examples of deposit rates are based on our minimum required deposit rate of 5%.However please seek financial advice to confirm what deposit rate is available to you.

Council Tax TBC - due to these properties being new builds and not being previously occupied the council tax and banding has not yet been set.

Service Charge - A service charge will be charged against the property and is paid monthly with your rent payment.  The service charge is reviewed on an annual basis on April 1st.  This will include Buildings insurance, management and any communal/estate charges that may be covered (if applicable). The service charge displayed is estimated based on the initial assessment of the scheme, please contact the sales consultant for detail

Ground Rent - Not applicable

Homes England Key Information Document - please refer to our website to read through our key information document for this property. This will include pricing details, eligibility and some lease information.

NEXT STEPS

  1. For further information, please download our brochure below.
  2. TO APPLY NOW, please make an enquiry to contact Platform Home Ownership, the relevant sales consultant will then send you an application form to complete.
  3. Upon receipt of your application, we will refer you for an affordability assessment to determine the most affordable share for you.
  4. Once you have passed the affordability assessment, we will then be in contact to confirm the availability.
  5. If there is a suitable property we will then issue out your offer letter and advice on how to pay your £250.00 reservation fee for your new home.

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 property on a part buy/part rent basis and pay a subsidised rent on the part that you do not own. Over time, you can purchase more shares in your property - this is known as 'staircasing'. This can be done at any time after initial purchase and it will reduce the amount of rent you pay, as the share of the home that you do not own will have got smaller.

We will offer shares between 25-75% of the property value depending on the outcome of the affordability assessment. The higher the share you purchase, the lower your rent will be. You will need to be able to obtain a mortgage for the share you want to purchase unless you have sufficient funds to enable you to purchase a share outright. Deposit amounts will be lower than purchasing a property on the open market also the combined cost of mortgage and rent is often cheaper than privately renting in the area.

For more detailed information and your obligations in relation to shared ownership please download our 'Guide to Shared Ownership'

Am I eligible?

Shared Ownership uses the following criteria to help people to get onto the property ladder:

- Maximum annual household income of £80,000.

- Unable to purchase a home suitable for your needs.

*Please note some images should be used as a guide only

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Brochures and Downloads

What is available

Site Plan Fradley

View our site plan here

Explore site plan

Enquire now

Complete the below enquiry form to register your interest in this development

Check your affordability

Use the Shared Ownership mortgage calculator to estimate the cost of buying this home

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