• Tenure: leasehold
• Property type: End terrace
• Council Tax Band: NA

Apply now for a stunning newbuild Shared Ownership (part buy, part rent) 2 bedroom home. Shares start from 25%

Shared Ownership, also known as ‘part-buy, part-rent’ is a great option for new home buyers, or for those struggling to save a large deposit. The Shared Ownership scheme allows you to purchase shares of your home, usually between 25% and 75%, initially and pay rent on the remaining share. Unlike buying on the open market, you don’t need a deposit for 100% of the property price. In many cases, you’ll only need a 5% deposit of the share you’re purchasing (subject to lender availability and criteria). You’ll need to be financially assessed to determine the share you are able to purchase.

MINIMUM 25% SHARE ADVERTISED AT £83,750 – FULL MARKET VALUE £335,000.

• Monthly rent example on un-owned 75% share: £575.78
• Monthly initial estimated service charges: £33.15
• Council Tax Band: TBC
• Predicted energy assessment rating: TBC

Who can apply for Shared Ownership?

You can apply if your household income is £80,000 a year or less and you can’t afford to buy a suitable home on the open market.

If you’ve never owned a home before, Shared Ownership’s a fantastic opportunity to get on the housing ladder and it’s also a great option if you’re in one of the following groups:

• You’ve owned a home before, but can’t afford to buy one now
• You’re forming a new household (for example, following a relationship breakdown)
• You’re an existing Shared Owner and want to move to a new home
• You own a home, but can’t afford to buy a new one that suits your current needs

If you own another property in the UK or abroad, you’ll need to sell this at the same time as buying your new Shared Ownership home. So, if you’re a homeowner, VIVID will ask you to confirm your property’s under offer.

At Hounsome Fields, you can buy additional shares in your home over time if you’d like to, so that eventually you could own 100% of the property.

Specification:
Fitted kitchen including oven, hob and extractor
The homes will be decorated in a neutral style throughout
Pets welcome
Parking^

^parking spaces do not include EV charging points.

VIVID are selling these homes off plan, so viewings are not available until later on in your purchase.

LOCAL INFORMATION

This is a town where old meets new, culturally there is an eclectic mix of museums, art galleries and theatres and a varied choice of restaurants. In the heart of the old town you’ll find the market square which is steeped in history. The more modern part of the town offers a two-storey shopping centre, Festival Place. This plays host to a number of large high-street brands, restaurants and a 10-screen Vue cinema. There are a variety of well-known places to eat and grab a drink, such as Pizza Express, Ask Italian, Burger King, Café Nero, Costa, Cosy Club, Nando’s and Cote Brasserie. You can also find more historic pubs and street food so there is something for all tastes.
Images shown may be photographs or CGI (computer generated images) of current or coming soon properties. Photographs or CGI images are produced in good faith as visual representations to give potential customers a representation of each house or apartment. They may not represent a specific plot, the finishes, plot sizes and landscaping will vary.

Please note that if you’re viewing this property via the Rightmove app, you won’t be able to view the development brochure which includes key information about shared ownership, so please visit https://yourvividhome.co.uk/developments/hounsome-fields