This is one of two newly built shared ownership properties coming to the market on the highly desirable Creswell Croft development in Stafford. The share owned by a lucky prospective buyer can range from 35% up to 75% depending on the purchasers requirements and because of the flexibility of this scheme and superb location, these properties are not expected to hang around for long! The accommodation will include an entrance hall, guest WC, living room and kitchen diner all to the ground floor. Upstairs are three bedrooms, a family bathroom and an en-suite to the master, whilst there are two parking spaces and good sized gardens to the rear. The development offers superb access to the M6, whilst sitting on the edge of Doxey Marshes and the property is expected to be completed in March 2019. Please note, the price advertised is based on a 75% share and there are criteria which must be met in order to purchase this property. Please ask a member of our team for more information.
Please note criteria for purchasing is as follows:
1. Person/s whose primary residence has been within the Borough of Stafford for a minimum of two years or 2. Person/s whose parents, grandparents, siblings or adult children or grandchildren have had their primary residence in the Borough of Stafford for a minimum of two years or 3. Person/s who have previously been resident within the Borough of Stafford for at least two out of the last five years or 4. Person/s whose primary place of permanent work is within the Borough of Stafford or 5. Service men or women based at any ministry of defence in the borough of Stafford.
Viewings strictly by appointment - no public access to site for health & safety reasons. Buyers can purchase upwards of 35% - 75% share depending on affordability the remaining share that ssha, Housing Plus Group hold will be charged as rent at 2.75% and a service charge is applicable at £5.28PCM. So as an example, the full value of the property is £220,000. If a 75% share was to be purchased at £165,000, the rent payable on the remaining share at 2.75% is £1,512.50 per annum, or £126.04 per month. If a 50% share was to be purchased at £110,000, the rent payable on the remaining share at 2.75% is £3,025 per annum, or £252.08 per month. If a 35% share was to be purchased at £77,000, the rent payable on the remaining share at 2.75% is £3,932.50 per annum, or £327.71 per month. Please also note, that there is restrictive stair-casing with this property whereby a purchaser can never own more than 80% of the property.
Please note, all measurements and plans are indicative as the property is being marketed off plan.
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