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Plot 74, 3 Gough Close, Codsall, Wolverhampton, South

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Plot 74, 3 Gough Close, Codsall, Wolverhampton, South Plot 74, 3 Gough Close, Codsall, Wolverhampton, South Staffordshire, WV8 1FF Plot 74, 3 Gough Close, Codsall, Wolverhampton, South Staffordshire, WV8 1FF A new development of quality homes being built on behalf of Severn Homes in a sought after address just off Sandy Lane, Codsall. The properties will be sold on a SHARED OWNERSHIP BASIS providing a fine opportunity for buyers to purchase a superbly appointed house close to the heart of a sought after South Staffordshire village. This price is shown is a 50% share. Due for completion c. October 2019. LOCATION -Be approved for Shared Ownership property by Orbit Help to Buy www.orbithelptobuy.co.uk Gough Close stands in a superb position just off Sandy Lane in a popular South Staffordshire -Their household income is less than £80,000 per year address. Both Bilbrook and the highly regarded village of Codsall provide a full complement of -They do not already own a property local facilities and amenities with a vibrant and active community. There is a comprehensive -They must not be able to afford to buy a property outright on the open market range of shopping facilities available within easy reach and the area is well served by schooling in both sectors. Bilbrook and Codsall are well located for easy communications and The purchasers will need to speak to a financial advisor, if they haven't already done so, to are situated within easy reach of the extensive amenities afforded by Wolverhampton City confirm affordability and deposit required by the lender if they need a mortgage, and the Centre, local rail services run from Codsall and Bilbrook stations with mainline connections at advisor must be told that the property is New Build Shared Ownership and this may require a Wolverhampton and the M54 (Junction 2) is within easy reach. deposit of anything from 5% up to 20% of the share price, depending on the lender and their financial situation. DESCRIPTION Each property will have a hall with a fitted kitchen/diner off with cooker, hob and extraction The property will be sold from a 35% to a 75% share depending on affordability and the fan, guest cloakroom, lounge with door to the garden and stairs to the first floor with three remaining share will be charged as rent at 2.75%. bedrooms and a bathroom. The property will have flooring to the kitchen area, bathroom and SERVICE CHARGE down stair toilet floors only. There is a service charge payable which currently amount to approximately £21.22 Per OUTSIDE calendar month. Prospective purchasers are recommended to verify these details with their Each property will benefit from two allocated parking spaces and a pleasant garden to the solicitor. rear. SERVICES TERMS We are informed by the Vendors that all main services will be installed. The properties will be sold on a Shared Ownership basis to qualifying buyers subject to the COUNCIL TAX BAND tbc - South Staffordshire DC. conditions imposed. The shares will start from 35% to 75% on the first tranche depending POSSESSION Vacant possession will be given on completion. upon your income. The shares sold are based on qualifying criteria with relation to income VIEWING Please contact the Tettenhall office. and individual circumstances, with the aim of maximising the share but ensuring that the EXAMPLE property is sustainable in the long term. On a shared ownership at 50% of £225,000 the purchaser would buy at £112,500 then pay All applicants will be assessed by Severn Homes and in order to qualify for a shared rent on the remaining £112,500 at £257.81 pcm and service charge at £21.22 pcm. Contact ownership property the buyers must meet the following criteria: Berriman Eaton at the TETTENHALL OFFICE for more information. 13/15 High Street 22/23 Whitburn Street High Street Tettenhall Bridgnorth Wombourne Wolverhampton Shropshire Wolverhampton WV6 8QS WV16 4QN WV5 9DP Price 01902 747744 01746 766499 01902 326366 £110,000 [email protected] [email protected] [email protected] www.berrimaneaton.co.uk IMPORTANT NOTICE: Every care has been taken with the preparation of these Particulars but they are for general guidance only and complete accuracy cannot be guaranteed. Areas, measurements and distances are approximate and the text, photographs and plans are for guidance only. If there is any point which is of particular importance please contact us to discuss the matter and seek professional verification prior to exchange of contracts. .
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