£46,875
2 bed terraced house for saleBarmoor Close, Drakelow DE15
2 beds
1 bath
EPC Rating: A
About this property
Brand New 2 Bedroom Mid Terrace House at Drakelow Park
New Shared Ownership scheme with a 990 year lease
Option to buy more shares to own 100% of the property in the future
A new neighbourhood close to Burton on Trent
Modern fitted Kitchen with Oven, Hob & Hood
Living/Dining Room with French doors to rear garden
Carpets/Flooring throughout
Parking for 1 vehicle
Energy efficient new home
The property briefly comprises
Entrance Hall
Modern fitted Kitchen with oven, hob & hood
Downstairs WC
Living/Dining room with French doors to rear garden
Two Bedrooms
Bathroom with shower over bath
Gas-fired central heating
Flooring/carpets throughout
Turfed rear garden
Allocated parking
Drakelow Park has the River Trent to the North, and open fields to the South. Less than 4 miles south of Burton-upon-Trent, the location benefits from all the facilities of this market town including shops, supermarkets and popular local pubs and restaurants. The neighbouring village of Stapenhill also offers a range of amenities. There are miles of footpaths to enjoy walking or cycling by the river within walking distance, as well as great choice of schools and transport links within very easy reach.
Price
2 Bedroom £187,500 (100%)
25% share £46,875* Rent = £322.27
Plus the following monthly charges:
Management Charge: £22.00
Buildings Insurance: £17.30
Service/Estate Charge: £3.00
Shared Ownership is ideal for first time buyers, or anyone who qualifies, and cannot afford to buy outright to get onto the property ladder. It is great if you have limited savings, as you only need a deposit for the share you buy. Shared Ownership homes provided through the new Shared Ownership and Affordable Homes Programme 2021 to 2026.
*The Price advertised is for our target share of 25% and is for illustration purposes only (to give an indication of the cost of purchase, rent, etc); it is not the minimum or maximum that is available for purchase. Other shares are available upon request & will be based on affordability, proceed ability & sustainability. There are opportunities to buy more shares to own 100% of the property in the future.
Buyers will be considered on first come first served basis (assuming affordability, proceed ability & sustainability checks are met). Buyers need to demonstrate maximum affordability which will be determined via a Mortgage advisor prior to any agreed sale.
Amount advertised is subject to change. An additional monthly rental charge applies that includes rent, buildings insurance, estate and management charge but excludes any mortgage payment.
Any images/photographs shown are for illustrative purposes only.
>Floor plans depict a typical layout of this house type and are for illustrative purposes only. Properties may also be built ‘handed’ (mirror image) of those illustrated. Midland Heart reserves the right to alter and change certain aspects of a property – for exact plot specification please request a viewing. These particulars do not form part of a contract or warranty.
Mortgage calculator
£234 per month
70+ lenders and 10,000+ products
The monthly repayments provided are estimates and should be used as a guide only. The actual amount you can borrow will depend on your personal financial situation and subject to a full application. For a more precise estimate, please use the Mojo mortgage calculator. Your home or property may be repossessed if you do not keep up repayments on your mortgage.
More information
Tenure
Leasehold (990 years)
Service charge
£42 per month
Council tax band
Ground rent
Ground rent date of next review
Shared ownership details
Shared Ownership is a scheme where you buy a share of your home and pay rent on the remaining share. This means you'll need a smaller mortgage and deposit to get you started.
Shared ownership percentage owned
25%
Shared ownership rent
£322 per month



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