3 bedroom house for sale

SHARED OWNERSHIP PURCHASE FROM 10% TO 75%

A fantastic opportunity to acquire a new build property situated on this popular Beal Homes Development, The Greenways in Goole.

This property is offered for sale on a shared ownership basis through East Riding of Yorkshire Council.

Briefly comprising of entrance hall, cloakroom, living room, dining kitchen and utility room to the ground floor. To the first floor are three bedrooms, master en suite and a family bathroom. Outside there is ample parking space and the rear garden is laid mainly to lawn with a paved patio adjacent and to the rear of the property.


East Riding of Yorkshire Council Tax Band - C
Energy Performance Certificate - B
Tenure - Leasehold

The Accommodation Comprises -

Entrance Hall - Front entrance door gives access into the hallway with stairs off to the first floor.

Cloakroom - Modern suite comprising of wall mounted sink unit and concealed Wc. Vinyl flooring.

Living Room - 5.51m x 2.94m (18'0" x 9'7") - Dual aspect light and airy room.

Dining Kitchen - 5.51m x 2.94m (18'0" x 9'7") - Having a good range of modern wall and floor units with complimentary work surfaces incorporating stainless steel sink unit, integrated oven, four ring gas hob with stainless steel splashback and chimney extractor over. Modern bifold doors lead into the rear garden.

Utility Room - Range of units with space for washing machine and tumble dryer. Large recessed storage cupboard.

First Floor -

Landing - Split level landing , hatch to loft space and two recessed storage cupboards.

Master Bedroom - 3.19m x 3.17m (10'5" x 10'4") - Large master bedroom to the front of the property.

En Suite - Suite comprising of large shower cubicle with mains fed shower, low level Wc and pedestal sink unit. Part tiling to the walls, vinyl flooring, recessed spotlights to the ceiling, large ladder radiator and extractor fan.

Bedroom Two - 3.26m x 2.80m (10'8" x 9'2") - Double room to the front of the property.

Bedroom Three - 3.16m x 2.23m (10'4" x 7'3") - To the rear of the property.

Bathroom - Suite comprising of panelled bath with mains fed shower over, pedestal hand basin and low level Wc. Part tiling to the walls, ladder radiator, shaver point, recessed spotlights to the ceiling and shaver point. Vinyl flooring.

Outside -

Additional Information -

Services - Mains gas, electricity and drainage are connected to the property.

Appliances - No appliances have been tested by the Agent.

Shared Purchase Price And Rent Examples - The share purchase price is calculated using the full market value and the percentage share purchased.

If you buy a 25% share, the share purchase price will be £60,000 and the rent will be £412.50 a month.

If you buy a larger share, you'll pay less rent. The table below shows further examples.

Share Share Purchase Price Monthly rent
10%£24,000£495.00
25% £60,000£412.50
30% £72,000£385.00
40% £96,000£330.00
50% £120,000 £275.00
60% £144,000 £220.00
70% £168,000 £165.00
75% £180,000£137.50

The percentage share and rent amount will change depending on the amount you can afford. You'll receive a worked example after a financial assessment.

Your annual rent is calculated as 2.75% of the remaining share of the full market value owned by the landlord.

Monthly Payment To Landlord - Monthly payment to the landlordIn addition to the rent above, the monthly payment to the landlord includes:

Service charge£0
Estate charge£0
Buildings insurance£9.17
Management fee£0.91
Reserve fund payment£0

Total monthly payment excluding rent£10.08

Reservation Fee - £200

You’ll need to pay a reservation fee to secure your home. When you pay the fee, no one else will be able to reserve the home.
The reservation fee secures the home. If you buy the home, the fee will be taken off the final amount you pay on completion. If you do not buy the home, the fee not refundable.

Eligibility - EligibilityYou can apply to buy the home if both of the following apply:

•your household income is £80,000 or less
•you cannot afford all of the deposit and mortgage payments to buy a home that meets your needs

One of the following must also be true:

•you're a first-time buyer
•you used to own a home but cannot afford to buy one now
•you're forming a new household - for example, after a relationship breakdown
•you're an existing shared owner, and you want to move
•you own a home and want to move but cannot afford to buy a new home for your needs

If you own a home, you must have completed the sale of the home on or before the date you complete your shared ownership purchase.

As part of your application, your finances and credit history will be assessed to ensure that you can afford and sustain the rental and mortgage payments.

Tenure - Leasehold.

Lease Type - Shared Ownership House Lease

Lease Term - 990 years

For more information, see section 2.5, ‘Lease extensions’, in the ‘Key information about shared ownership’ document.

Maximum Share You Can Own - You can buy up to 100% of your home.

Transfer Of Freehold - Transfer of freeholdAt 100% ownership, the freehold will transfer to you.

Landlord - LandlordEast Riding of Yorkshire Council
County Hall
Cross Street
Beverley
HU17 9BA

Under a shared ownership lease, you pay for a percentage share of the market value of a home. You enter into a lease agreement with the landlord and agree to pay rent to the landlord on the remaining share.

Initial Repair Period - Initial repair periodUp to £500 a year for the first 10 years to help with essential repairs. For more information, see section 5, 'Maintaining and living in the home', in the 'Key information about shared ownership' document. For more information, see section 5, 'Maintaining and living in the home', in the 'Key information about shared ownership' document.

Landlords Nomination Period - When you give the landlord notice that you intend to sell your share in your home, the landlord has 4 weeks to find a buyer. The landlord may offer to buy back your share, but only in exceptional circumstances and if they have funds available. If they do not find a buyer within 4 weeks, you can sell your share yourself on the open market. For example, through an estate agent.

Pets - PetsYou can keep pets at the home.

Subletting - You cannot sublet (rent out) your entire home unless you either:

•own a 100% share; or
•have your landlord's permission which they will only give in exceptional circumstances (see section 1.5 in ‘Key information about shared ownership’ document)

and

•have your mortgage lender’s permission if you have a mortgage