47 Convent Drive, Stoke Golding, Nuneaton

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Resale

Shared Ownership

Please note that all sales particulars and images are for marketing and illustrative purposes only. Plans, computer generated images and photos may contain elements which are not present upon the final completion of the property.

Shared ownership resale

Please note, the majority of our shared ownership homes undergo a rent review in April 2024. The review will depend on the shared ownership lease, but the majority will see a 9.4% uplift to the rent. We will confirm the exact changes to the rent for this property as part of the sales process.

Minimum income - £29,117
Minimum savings- £4600 plus £2500 moving costs
Maximum share -100%
Council tax band B
Local connection to the area required
115 years remaining on the lease
Parking in front of the house and to the side
gas central heating
Broadband coverage- cable

£92,000 for a 40% share

Open Market Value: £230,000

From £250 per calendar month

Service Charge: £27.08

Shared ownership resale

Available on shared ownership 1

Brochure

47 Convent Drive, Stoke Golding, Nuneaton

This 2-bedroom property is a perfect size starter home with an enclosed rear garden. It comprises of a downstairs WC, kitchen, living area and an upstairs bathroom.

It’s close to a brilliant local school and within a short walking distance to the local shops and pubs.

The property is in a friendly community with lovely neighbours. There is always lots going on in the village for the children such as messy play, mums and tots, football clubs, scouts, and cubs. There is also a large park a short walk away.

There is a Section 106 for this property. The potential buyer must satisfy one of the following criteria: -

- Was born in the parish of Stoke Golding (borough of Hinkley and Bosworth)

- Is resident of the parish of Stoke Golding

- Used to live in the parish of Stoke Golding but has been forced to move away through lack of affordable housing

- Is employed in the parish of Stoke Golding

- Has local connections with the parish of Stoke Golding

Viewings

The seller is currently accepting viewings and if you would like to arrange a viewing, please contact the seller on the details below.

Seller Name: Mrs Millie Hibbert and Mr James Hibbert

Seller Contact Details: 07827561195 millieczerpak@hotmail.com

As a shared ownership home, you will need to be eligible for Shared Ownership.

As a reminder, to be eligible for shared ownership you will need to evidence:

• your household income is £80,000 a year or less (£90,000 a year or less in London)
• you cannot afford all of the deposit and mortgage payments for a home that meets your needs
One of the following must also be true:
• you’re a first-time buyer
• you used to own a home but cannot afford to buy one now
• you’re forming a new household - for example, after a relationship breakdown
• you’re an existing shared owner, and you want to move
• you own a home and want to move but cannot afford a new home that meets your needs

Please take note of the minimum income, (£29,117) which is based on the minimum deposit £9300 for this property. If you are placing a larger deposit, the minimum income will reduce. Always check with us if you are unsure whether you can afford the property.

If you make a successful offer to the seller after your viewing, they will let us know and we will then be able to refer you for a financial assessment with an Independent Financial Advisor. This is compulsory for all Shared Ownership purchases and does not interfere with any mortgage arrangements you have already made. They will complete an assessment but you are not obliged to use them afterwards to arrange your mortgage, but can if you wish. You will also be required to complete a Stonewater application form. Further information on the financial assessment and application form will be provided.

Please let us know if you need any further information and good luck with your viewing.

47 Convent Drive, Stoke Golding, Nuneaton

Viewings

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