2 bedroom Terrace House in Ashbourne.

We are working with David Wilson Homes at their ever popular Ramblers Gate development to offer a selection of 2 bedroom homes for sale on Shared Ownership.

The development is close to the center of Ashbourne which offers a wide variety of shops, leisure facilities, bars & restaurants.

2 bedroom houses - Plot 12

The Property

These properties briefly comprise of an Entrance Hall, an open plan Living Room with under-stairs storage and a Kitchen/Dining Room with a downstairs WC off kitchen.  To the first floor, there are two double bedrooms, one of which includes built-in storage and a family bathroom.  Additional benefits include allocated parking for two vehicles and an enclosed rear garden.

Prices

Examples:

Plot 12

2 Bedroom Mid Terrace House

£92,000 for a 40% share (deposit from £3,795)

Monthly Rent on remaining share £316.25

£115,000 for a 50% share (deposit from £5,750)

Monthly Rent on remaining share £263.54

£172,500 for a 75% share (deposit from £8,625)

Monthly Rent on remaining share £131.77

These properties are due for build completion in March 2023 , therefore we’re currently unable to offer viewings and will be accepting reservations off-plan.

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 1^st.  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 details.

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 are typical and should be used as a guide only