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Plot 5 - 2 Bedroom End Terrace House *Under Application*
Aviation Lane, Off Henhurst Hill, Burton on Trent, DE13 9TL
- £47,500 for a 25% share* plus a monthly rental charge
- ^£500 Cashback available
- Brand new energy efficient home
- Available on the new Shared Ownership scheme with a 990 year lease
- Sought after location near to Burton on Trent
Brand new 2 Bedroom Houses available in a sought-after location within easy reach of Burton Upon Trent town centre. Local area is home to numerous parks, local woodland, meandering canal ways and nature reserves such as Branston Water Park.
The Price advertised is for a 25% share, 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.
^£500 Cashback subject to terms and conditions and only payable upon completion, on or before 29th January 2025. Only available on specific plots.
- Entrance Hall
- Downstairs WC
- Fitted Kitchen with oven, hob & hood
- Living/Dining room with French doors to rear garden
- Two Bedrooms
- Bathroom with shower over the bath
- Gas-fired central heating
- Flooring/carpets throughout
- Turfed rear garden
- Allocated parking for 2 vehicles
2 Bedroom £190,000 (100%)
25% share £47,500 Rent = £326.56
75% share from £142,500 Rent = £108.85
Plus the following monthly charges:
Management Charge: £22.00
Buildings Insurance: £13.42
Estate Charge: £17.08
The Price advertised is for a 25% share, 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.
You may be eligible for Shared Ownership with Midland Heart if:
You have a gross household income of no more than £80,000 per annum.
You are unable to purchase a suitable home to meet your housing needs on the open market.
You do not already own a home or you will have sold your current home before you purchase.
You have cash funds to purchase an initial share or the ability to raise a mortgage for the share. You will need a minimum 5% deposit for a 95% mortgage.
Have been in continuous employment for at least 12 months (if you require mortgage).
If you are Self employed, you are able to provide 2 years full accounts.
You must be ready to proceed with a purchase in the next 12-15 weeks.
Have a good credit history* including:
- No outstanding CCJ’s or defaults that remain outstanding
- No history of rent arrears
- No Debt Management plans, IVA’s or bankruptcy that remains outstanding
*If you decide to purchase a home with us, you will then be required to provide a Check My File credit report.
The best way to get in touch is to email sales@midlandheart.org.uk.
You can also call us on 0800 44 55 67.
To register an interest, please complete the ‘Register With Us’ form.
2 Bed Floor Plan
pdf - 96Kb
New Shared Ownership Lease
pdf - 3681Kb
To register your interest please complete the form below.
Please ensure that you have read the 'Am I eligible?' section above before registering.
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.
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.
