Rivers Meet, Cleeve Mill Lane
Newent
Gloucestershire
GL18 1DS
Dayleston Park, Alderton Shared ownership
25% Shared ownership £90,000
2 Bedroom House - Mid Terrace
- Brand New
- 25% Shared Ownership
- 2 Bed House with 2 allocated parking spaces
- Private garden
- Flooring fitted throughout
- EPC A
- Air Source Heating
Welcome to this charming mid-terrace house located in the delightful Dayleston Park, Alderton. The house features a well-designed layout, comprising one inviting reception room that serves as the perfect space for relaxation or entertaining guests. With two comfortable bedrooms, this home is ideal for small families, couples, or individuals seeking extra space. The property also includes a contemporary bathroom, ensuring convenience and comfort for all residents.
Situated in a picturesque village, residents will appreciate the nearby pub restaurant, perfect for socialising and enjoying local cuisine. The property benefits from good road links to Cheltenham, making it easy to access the amenities and attractions of this vibrant town.
This home is designed with affordability in mind, allowing you to share ownership based on your financial situation. If you are looking for a modern, well-located property in a friendly community, this mid-terrace house in Dayleston Park is certainly worth considering. Don't miss the chance to make this lovely house your new home.
Shared Ownership Information
Shared ownership is a part buy part rent property from Two Rivers Housing.
You purchase a share with the help of a mortgage based on affordability and the minimum share being sold.
OMV - £360000
25% Share £90000 - The Share you buy is based on your individual affordability
Rent on remaining share - £618.75pcm (please note the rent element of this payment will increase every April)
Management Fee - £28.75pcm
Buildings Insurance - £17.31pcm
How does Shared Ownership work?
If you bought a home on the open market, you would agree a purchase price through an estate agent. Then you would take out a mortgage to cover the total purchase price of the property minus any deposit you might have available.
With Shared Ownership, the price of the property is fixed at the open market value, as assessed by a qualified valuer. You borrow just enough to cover the share you are buying. This is referred to as equity share.
The equity share amount will be an amount that you can afford, as set out under government guidelines. The total monthly cost of the rent, plus your
mortgage, will be lower than the monthly cost if you bought the property outright with a mortgage.
For legal reasons, while you are only buying a part-share of the property, you will have a leasehold interest. However, you may buy further shares. This is called ‘staircasing’, and may
eventually progress to outright ownership.
Ground Floor
Hallway to kitchen, lounge and WC
Kitchen - 287 x 421, includes fitted oven, hob and hood
Lounge - 397 x 345 max, double doors through to garden
W/C - 91/206
Fitted flooring throughout
First Floor
Hallway with airing cupboard, leading to
Bedroom 1 - 287cm x 411 cm
Bedroom 2 516max x 355
Bathroom - 220cm x 207 white suite with shower over bath.
Flooring fitted throughout
External
Allocated parking for 2 cars. Enclosed rear garden with side access
Artists Impressions
All images are used for illustrative purposes only and are representative only. They may not be the same as the actual home you purchase and the specification may differ. Images may be of a slightly different model of home and may include optional upgrades and extras which involve additional cost. Individual features such as windows, brick, carpets, paint and other material colours may vary and also the specification of fittings may vary. Any furnishings and furniture are not included in any sale.
Disclaimer
All measurements are approximate. We have not checked the serviceability of any appliances, fixtures or utilities (i.e. water, electricity, gas) which may be included in the sale. We cannot guarantee building regulations or planning permission has been approved and all prospective purchasers should satisfy themselves on these points prior to entering into a contract. Consumer Protection from Unfair Trading Regulations 2008. The Agent has not tested any apparatus, equipment, fixtures and fittings or services and so cannot verify that they are in working order or fit for the purpose. A Buyer is advised to obtain verification from their Solicitor or Surveyor. References to the Tenure of a Property are based on information supplied by the Seller. The Agent has not had sight of the title documents. A Buyer is advised to obtain verification from their Solicitor. Items shown in photographs are NOT included unless specifically mentioned within the sales particulars. They may however be available by separate negotiation. Buyers must check the availability of any property and make an appointment to view before embarking on any journey to see a property.
Two Rivers Housing
TwoCan estate agents are advertising this property on behalf of Two Rivers Housing. Two Rivers Housing are the owners of Twocan and the Centigen brand.
Bedroom 2
Energy Efficiency and Environmental Impact
Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.
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