The Mylne

Detached House

Part of the Great Oldbury, Stonehouse development

Available
Buy from £108,000

Tenure

Shared Ownership

No of bedrooms

4

No of bathrooms

3

Council Tax Band

TBC

Features and description

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

The property

The Mylne is a four bedroom, detached home available with Shared Ownership. This home is ideal for growing families. 

Walking into the ground floor you will find a spacious hallway, a downstairs WC and a storage cupboard. The open-plan kitchen/diner is to the rear of the property, the perfect place for family dinners. The French doors connect you to the private garden. The lounge is large and a great space to relax and unwind of an evening. 

Upstairs, you will find four generously-sized bedrooms, including the master bedroom which has its very own en-suite. There is also a family bathroom with a shower over bath and a storage cupboard. 

This home also comes with a garage, providing ample storage.

Sales Manager with Customers

Learn about the New Shared Ownership Model

New Shared Ownership Model Explained

Property Brochure

Secure a new home

Platform Home Ownership Internal CGI
Platform Bedroom CGI

with Shared Ownership

Local Area Information

There are plenty of opportunities at good quality education in and around Hardwicke. Available schools cater for children aged 4-18 years old, with the option of Gloucester University for young adults.

Great Oldbury Primary Academy has received a 'Good' rating by OFSTED, and is just a 9 minute walk away from the development. 

With easy access to the M5 from the Great Oldbury development, residents can benefit from close connections to Bristol and Cheltenham.

Those who opt for public transport can rely on regular bus routes as well as Gloucester train station or Stroud train station.

Surrounding the Great Oldbury development, there are several supermarkets to choose from for your weekly food shop, including Co-Op, Tesco Express and Sainsburys. 

The development is also not short of pubs and restaurants to choose from, including The Whitminster Inn, a family-run gastropub, which acts as a restaurant and bar providing a diverse range of food options. 

Venturing into Gloucester city centre you can find a number of shops, including high-street retailers to browse in.

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  • The Mylne Ground Floor Plan

    Floor plan

    Ground Floor

    • Kitchen/Dining

      6.10m  x 4.43m 

      20'0" x 14'6"

    • Living

      4.89m  x 3.43m 

      16'0" x 11'3"

  • The Mylne First Floor Plan

    Floor plan

    First Floor

    • Bedroom One

      3.99m  x 2.91m 

      13'1" x 9'6"

    • En-Suite

      2.16m  x 1.43m 

      7'1" x 4'8"

    • Bedroom Two

      3.26m  x 2.61m 

      10'8" x 8'7"

    • Bedroom Three

      3.43m  x 2.24m 

      11'3" x 7'4"

    • Bedroom Four

      3.14m  x 2.14m 

      10'4" x 7'0"

    • Bathroom

      2.17m  x 2.00m 

      7'1" x 6'7"

Showing 1 of 2

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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

Check your affordability

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

Homes at this development are available on the New Shared Ownership Model.
You can purchase between 10% and 75% of the property's full market value. Each home benefits from a 10 year repair period for essential repairs.
You are able to buy more of your home through the Staircasing process, where you can purchase shares in increments of 5%. There is also the option of the 1% Gradual Staircasing Model enabling you to purchase smaller shares each year.

Shared Ownership Rent Table

Shared Ownership Rent Table

% Share Price Monthly Rent
35 £126,000 £625.08
40 £144,000 £577.00
45 £162,000 £528.92
50 £180,000 £480.83

Next Steps

1

Information

For further information, please download our brochure below.

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

Documentation

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

4

Affordability

We will then require your consent to pass your details over to a third party letting agent to carry out a credit reference check

5

Availability

Once passed, we will then send you an offer letter for your chosen plot where possible


 

Frequently asked questions

Most buyers who can’t afford to buy a home outright can apply to buy through shared ownership.

We may also be able to help if you need to move because of a relationship breakdown or if your work requires you to live in an area outside your price range.

In order to buy through the Shared Ownership scheme, you must be able to demonstrate that you can afford and sustain home ownership. If you proceed with Shared Ownership you will be required to undertake an affordability assessment.

You must meet our adverse credit policy, if you have a history of adverse credit you are unlikely to be accepted depending on individual circumstances.

Shared owners still have to pay many of the usual costs involved in buying a home.

Reservation fee

We will ask you for a £250 deposit to reserve your chosen home. When the sale goes through we put this towards your purchase payments. However, we cannot refund it if the sale does not go through.

Mortgage deposit and fees

Most mortgage lenders will ask for a 5% or 10% deposit towards the price of the share you want to buy. They are also likely to charge a valuation fee and administration fees.

Legal fees

Solicitors’ charges can vary so it is best to get a few estimates. You will also have to pay Land Registry and local search fees, and may have to pay stamp duty depending on the value of the property.

After you've moved in

You also need to budget for the ongoing costs of owning a home.

Mortgage repayments

You will have to make monthly mortgage repayments to your lender. Depending upon the type of mortgage you have, these repayments may vary as interest rates change.

Rent

You pay a subsidised monthly rent to us on the share of your home which we own. The amount is reviewed on the 1st April each year.

Service charges

You will have to pay a small charge if your home has any facilities or communal areas which we maintain, such as shared entrance halls, lighting and grounds. Your service charge will also include your buildings insurance and your management fee.

Household bills

These include your council tax and utility bills for water, gas and electricity.

Repairs

We will arrange for any defects on new-build homes to be repaired during a set time period. After that time has elapsed, you will be responsible for arranging and paying for all repairs to your home.

Home contents insurance

We provide buildings insurance with the cost of your service charge but this does not cover your belongings. We strongly recommend you arrange your own home contents insurance.

Much will depend on your other financial commitments and what property/share you want to buy. We don't want you to be overstretched, so we need to be sure that you can afford to pay your mortgage and rent. We look at each application individually and will advise you on your options.

Shared ownership schemes are backed by government funding to help people on smaller incomes. So you will not qualify for most shared ownership schemes if your household income is less than £10,000 or more than £80,000 a year.

On the property listings for some of our shared ownership homes, you will see that we state a local connection to the area is required.

This generally applies in rural areas and small villages where land has been made available specifically for affordable housing to meet the needs of local people, rather than for private development.

These are known as ‘rural exception sites’ or 'protected areas' and are controlled by ‘Section 106 Agreements’. They aim to help local people and families afford homes in the area where they grew up.

The local connection criteria can vary between different developments, but is usually based on the following:

applicant was born in the area and has lived there for a number of years

applicant has permanently lived in the area for a number of years

applicant used to live in the area for a number of years but had to move away because of the lack of affordable housing

applicant has been permanently employed in the area for a number of years

The number of years is usually between 2 and 5, although this differs by local authority

Usually priority is given to applicants with a local connection to the parish. If there are still properties remaining, allocation will be opened up to surrounding parishes and then to the whole of the local authority area. This ensures that the homes are occupied by residents as local to the area as possible.

If you want to find out more about the local connection criteria for a particular development, or check if you qualify, please email sales@platformhg.com

Yes you can, once you have moved into your Shared Ownership property, providing you can afford it, you are able to buy more of your home through the process of Staircasing.

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