The Cradley

End-Terraced House

Part of the Bull Street, Dudley development

Sold Out
Buy from £88,000

Tenure

Shared Ownership

No of bedrooms

3

No of bathrooms

2

Council Tax Band

TBC

Features and description

  • 10 year build warranty
  • Downstairs WC
  • Stainless steel oven, hob & extractor
  • Allocated parking
  • Double glazed windows
  • Family bathroom with shower over bath

The property

The Cradley is a 3 bedroom, end-terrace home - perfect for first-time buyers, growing families or those looking to downsize. 

On the ground floor to the front of the home there is a large living area. A modern kitchen/dining area is featured at the rear of the ground floor, an ideal space for hosting or for family time. French doors connect the kitchen/diner to the rear garden. Also on the ground floor is a WC and a storage cupboard. 

On the first floor there are three generously sized bedrooms. a family bathroom with a shower over bath and a storage cupboard. 

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Your home

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To make your own

With a handful of schools close by, some of which are a 10 minute walk away from the Bull Street development. Including Blowers Green Primary School and Pegasus Academy, both rated 'Outstanding' by OFSTED, you can ensure your family attend quality schools whilst gaining some time back from the school run in the morning. 

Located in the heart of the West Midlands, Dudley offers transport links in every direction. With only 10 miles to travel until you reach Birmingham city centre, the option to travel into the second largest city in Britain is handy for leisure or work purposes. The town of Dudley offers plenty of bus routes as well as being within easy reach of the M5.

Within the bustling town of Dudley, there are plenty of amenities to choose from. From pubs, restaurants and bars, Dudley has it all. Less than 3 miles away from the Bull Street development is Merry Hill, a renowned shopping centre offering a variety of high street shops and supermarkets. As well as the option to enjoy a game at Hollywood Bowl, or watch the latest film at the Odeon cinema. 

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  • Floor plan of the ground floor of The Cradley at Bull Street, Dudley

    Floor plan

    Ground Floor

    • Kitchen/Dining

      5.04m x 2.89m 

      16'7" x 9'6" 

    • Living

      5.04m x 2.87m 

      16'7" x 9'5"

  • First floor plan of The Cradley at Bull Street, Dudley

    Floor plan

    First Floor

    • Bedroom One

      4.12m x 2.61m 

      13'6" x 8'7" 

    • Bedroom Two

      4.12m x 2.61m 

      13'6" x 8'7"

    • Bedroom Three

      2.73m x 2.33m

       8'11" x 7'8" 

    • Bathroom

      2.33m x 1.93m 

      7'8" x 6'4"

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Site plan

Status

Available

Sold/Reserved

Coming soon

Filter your results

Development Phase
House Type

Am I eligible?

Shared Ownership uses the following criteria to help people get a foot on the housing ladder:- Maximum annual household income of £80,000

One of the following statements must also be true:

  • You’re a first-time buyer
  • You used to own a home but can’t afford to buy now
  • You’re forming a new household - typically after a relationship breakdown
  • You’re already part of the Shared Ownership scheme but want to move
  • You own a home and want to move but can’t afford the new home that meets your needs

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

Shared Ownership Affordability Calculator

Property Details

£
%
%
£3,125
£62,500

Mortgage Details

years
£118,158
£118,158
£118,158

Affordability

£62,500
£62,500
The affordability information above is based on the following monthly costs:
£861
£37.00
£429.69
£394
Homes at this development can be purchased between 25% - 75% of the property's full market value.
You are able to buy more of your home through the Staircasing process, where you can purchase additional shares at this development in increments of 10%.
Please note, as a Shared Owner you are responsible for all repairs and maintenance within your home.

Shared Ownership Rent Table

Shared Ownership Rent Table

% Share Price Monthly Rent
35 £77,000 £327.17
40 £88,000 £302.00
45 £99,000 £276.83
50 £110,000 £251.67

Next Steps

1

Information

For further information, please download our brochure.

2

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

Supporting documents

Send your application form, ID, 3 months bank statements and pay slips (or P60) to sales@platformhg.com.

4

Availability

Once you have passed the credit reference check carried out by a third party letting agent, we will send you an offer letter to confirm your plot.

5

Options Agreement

We will ask you to sign an Options Agreement to confirm your intention to save a deposit and purchase your home when financially possible.

Frequently asked questions

The costs involved in a Rent to Buy scheme are similar to that of the traditional letting process. The upfront costs are as follows:

Deposit: You will have to pay the equivalent of five weeks rent as a deposit, which is then held in the Deposit Protection Scheme (DPS).

Rent: You will have to pay the rent for the remainder of the month from the start of your tenancy sign-up date, alongside one month’s rent in advance.

You may have to pay a reservation fee to reserve your property but this is typically deducted from the first month’s rent.

During your tenancy, you’re responsible for all of the utility bills associated with the property while you’re a tenant. This is generally council tax, water, gas, electricity and internet.

When you formally purchase the property as part of the Rent to Buy scheme, you’ll also take on the usual costs associated with purchasing a property - such as Stamp Duty, conveyancing fees, valuation fees and any administration costs such as the mortgage application.

The answer to this question depends on your own individual circumstances but if you have a good credit score and reliable income each year, Rent to Buy is a practical way of getting on the property ladder if you cannot save enough for a deposit.

The most important consideration is your personal timeline. While five years may be plenty of time for you to save, house prices could rise during that period which means you pay more. If you buy sooner, however, you have less time to take advantage of the discounted rental rate and build up your deposit.

You also have to consider availability. The availability of Rent to Buy properties depends on the local authority or housing association you’re working with. While the scheme offers many benefits, you may not have the same amount of choice as you usually would in the open market.

If you do find a suitable property, make sure that you’re truly happy with it if you’re considering Rent to Buy. This is a scheme designed for the long-term and if you compromise on area or size, you risk the success of your Rent to Buy agreement if you quickly outgrow it.

If an existing homeowner is experiencing exceptional circumstances - such as the breakdown of a relationship - then they’re eligible for the Rent to Buy scheme. In these exceptional instances, it’s down to the homeowner to demonstrate they're unable to purchase a home on the open market and require the support of Rent to Buy.

This depends on the scheme but generally, while you’re renting, repairs are taken care of by the housing association. It’s your responsibility, however, to keep the property in good order, ensure the property is well-maintained and the garden is cared for.

While you’re in the Rent to Buy agreement, any service charge is included in the rent. Once you purchase the property, however, you may have to pay a service charge which is discussed with you prior to the purchase.

The typical tenancy agreement that you will see on a Rent to Buy property is an Assured Shorthold Tenancy, which runs on a periodic basis.

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