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Available

2 Bedroom Semi-detached Houses - 2 Plots Only

Midland Heart at Manor Farm, Leicester Road, Market Harborough, Leicestershire, LE16 7BX

2 Bedroom Semi-detached Houses - 2 Plots Only
£98,000 for a 35% share
Open Plan Layout
Available on the new Shared Ownership scheme with a 990 year lease

A small number of Brand New homes on a new Davidsons development (Wellington Place) in the sought after town of Market Harborough in Leicestershire. This charming market town is full of history, culture, pubs/restaurants, independent retailers and was voted one of the best places to live in the country.

The Price advertised is for a 35% 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.

Property Description:

Entrance Hall
Open Plan Living/Dining/Kitchen
Fitted Kitchen with oven, hob & hood
Rear Lobby with Downstairs WC
2 Bedrooms
Bathroom with a shower over the bath
Gas-fired central heating
Flooring/carpets throughout
Turfed rear garden
Parking for 2 vehicles

Price & Rent

2 Bedroom Semi-detached Houses
Market Value £280,000 (100%)
35% share £98,000 Rent = £417.08
75% share £210,000 Rent = £160.42

Plus the following monthly charges:
Management Charge: £22.00
Buildings Insurance: £13.42
Service/Estate Charge: £16.84

Am I eligible?

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.

Any questions?

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.

Floor Plan - 2 Bedroom

pdf - 78Kb

Download View online

Site Plan

pdf - 185Kb

Download View online

New Shared Ownership Lease

pdf - 3711Kb

Download View online

To register your interest please complete form below.
Please ensure that you have read the 'Am I eligible?' section above before registering.

Additional information

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.

All interested parties are required to check they meet the criteria for Shared Ownership as set out at GOV.UK.

*The Price advertised is for our target share of 40% 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. All dimensions are approximate only & estimate the widest and longest points of each room. As they are only approximate, they should not be used for carpet sizes, appliance spaces and furniture. These particulars do not form part of a contract or warranty.