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Southcrest Kenilworth Plot 90 93 Platform Home Ownership
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JUST RELEASED

JUST RELEASED

Southcrest, Kenilworth, The Coventry - 2 Bedroom Home

2 bedroom mid-terraced house
Tenure type: Shared Ownership

2 bedrooms

2 bathrooms

72 sq ft

Available with Shared Ownership

buy from £128,000

or rent from £440.00 monthly

Or call our sales team on 0333 200 7304

Southcrest, Kenilworth, The Coventry - 2 Bedroom Home

2 bedroom mid-terraced house
Tenure type: Shared Ownership

2 bedrooms

2 bathrooms

72 sq ft

Available with Shared Ownership

buy from £128,000

or rent from £440.00 monthly

Or call our sales team on 0333 200 7304

Features

  • 10 year build warranty
  • Allocated parking
  • Double glazed windows
  • Downstairs W/C
  • Family bathroom with shower over bath
  • Gas central heating
  • Modern fitted kitchen
  • Stainless steel oven, hob & extractor
  • Turfed rear garden
  • Available plot numbers: 91, 92
  • Driveway; 2 spaces

Tenure

Shared Ownership

Part of the Southcrest, Kenilworth development

Property Brochure

Check your affordability

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

The Development

The Southcrest development is ideally situated in the market town known for its rich history and countryside views. Boasting an abundance of shops and restaurants and close proximity to major transport links, homeowners at Southcrest are ensured to live with ease with its fantastic connectivity and local amenities.

The Property

These properties briefly comprise of an Entrance Hall, WC, Living Room with under-stairs storage and a Kitchen/Dining Room.  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.

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 details.

Ground Rent – Not applicable

Homes England Key Information Document – please download and 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. 2. TO APPLY NOW, please contact Platform Home Ownership via sales@platformhg.com. The relevant sales consultant will then send you an application form to complete.
  3. Upon receipt of your application and once approved 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 10-75% 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 visit the Homes England website for further guidance using the Homes England Eligibility Checker.

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

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% SharePriceMonthly Rent
35%£112,000£476.67
40%£128,000£440.00
45%£144,000£403.33
50%£160,000£366.67
55%£176,000£330.00
60%£192,000£293.33
65%£208,000£256.67
70%£224,000£220.00
75%£240,000£183.33

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