The Development
Introducing Stallings Place, a fantastic collection of 2, 3, and 4 bedroom homes to the vibrant community of Kingswinford. This commuter hotspot is the ideal location for first time buyers, growing families and those wanting to downsize, with something to tick every box whatever your wish list.
Thanks to the great care and consideration that's gone into the planning and design of Stallings Place, your sure to be spoilt for choice when it comes to choosing your dream home. Each home has been built to the highest standards and reflects the very best in contemporary living.
Equally as impressive is the developments location, close to the small town of Kingswinford. This places you within easy access of Birmingham to the East and idyllic rolling countryside to the West which stretched through Shropshire and beyond the Severn Valley into Wales.
The Property
The accommodation comprises of entrance hall, lounge, downstairs w/c, kitchen diner, two bedrooms and bathroom. The property has driveway, garage and rear garden, and also benefits from central heating and double glazing.
Prices
The Leven
Two bedroom semi-detached house
ÂŁ53,750 for a 25% share
Monthly rent on remaining share ÂŁ369.53
ÂŁ107,500 for a 50% share
Monthly rent on remaining share ÂŁ246.35
ÂŁ161,250 for a 75% share
Monthly rent on remaining share ÂŁ123.17
Prices are subject to change, please use as a guide only until properties are released for sale.
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 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 ÂŁ250.00 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 ÂŁ80,000.
- Unable to purchase a home suitable for your needs.
***Please note some images are typical and should be used as a guide only***