Terraced house for sale in Bushbury Lane, Bushbury, Wolverhampton WV10

Summary
An exceptional opportunity to purchase a three bedroom mid terrace home under Shared Ownership via Sage Homes at Banbury Place, Wolverhampton. Price example £70,000 based on a 25% share with a monthly rent of £481.25pcm and the option to staircase to 100% in the future

description
Located just 2 miles out of Wolverhampton City Centre, on the former Goodyear factory site, Banbury Place will offer a stunning selection of just six, two & three bedroom Shared Ownership family homes creating a flourishing neighbourhood complete with public open spaces, supermarket and pub. These brand new homes are built by St Modwen who are an expert developer and regeneration specialist.

Banbury Place is in a great location for those who need to commute, with the M54 just 3 miles away for Telford, Shrewsbury, and North Wales and the M6 just ten minutes away. Or if you need to commute by rail, Wolverhampton Train Station is just over a 10-minute drive away for quick access to Manchester, Birmingham, and London.

Three Bedroom End-Terrace Homes Available: Plot 121/ 135 / 138

Price Example:
25% share - £70,000
5% Deposit - £3500
75% Unpurchased Price - £210,000
Rent Per Month - £481.25

To discuss your eligibility and complete a financial assesment, call our Shared Ownership Sales Consultants today on Option 3 for New Homes

How Does Shared Ownership Work
Shared Ownership is a ‘part buy, part rent’ scheme, helping you buy your own home with a smaller upfront payment. Buying a part of your home and renting the rest is a great way to start out on
the property ladder. You will take out a mortgage for the share you buy (in some cases you can be a cash buyer) and then pay a subsidised rent on the share you don’t own.

What Shares Are Available
You can buy between 25% and 75% of your home with just as little as a 5% deposit. The deposit is based on the share you’re buying, rather than the total value of your home.
The share you don’t buy is owned by Sage Homes. The rent on this share is subsidised and often cheaper than the open market so your monthly costs are manageable.
You can choose to buy more of your home when you’re ready (called ‘staircasing’) right up to100% (there are some exceptions to this). The bigger the share you have, the less rent you pay.

Am I Eligible For The Scheme?
Shared Ownership is open to you whether you’re a first-time buyer or looking to move up or down the property ladder. There are some general criteria that must be met, although there may be further criteria depending on the development.
Do you meet one or more of the below eligibility criteria? If so, you are likely to be eligible for a Shared Ownership home.
• I am 18 years old or older and a UK resident
• I want to buy outside London with a household income of less than £80,000
• I cannot afford to buy a home any other way
• I don’t own another property (if you do, it must be sold before your Shared Ownership sale completes).

Agents Notes
Please note that the external image shown on this listing has been digitally enhanced and is for indicative purposes only.

Lease details are currently being compiled. For further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

1. Money laundering regulations - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.