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3 Bedroom Houses - £500 Cashback on specific plots
Midland Heart at St John's Grange, Off Axten Avenue, Lichfield, WS14 9GD
- Brand New 3 Bedroom Semi-detached & Terrace Houses
- ^ £500 Cashback available on certain plots
- Located on the outskirts of the historic city of Lichfield, Staffordshire
- Available on the new Shared Ownership scheme with a 990 year lease
- From £130,000 for a 40% share* plus a monthly rental charge
These brand new homes are located on a new Persimmon development called St John’s Grange on the outskirts of Lichfield, a lovely cathedral city in the heart of Staffordshire. The city offers excellent facilities and a real sense of history, with independent shops, cafés, and restaurants close to the stunning cathedral. For a change of scenery, you can head to Cannock Chase just half an hour away.
The Price advertised is for a 40% 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 - available on certain 3 Bed plots. Subject to terms and conditions and only payable upon completion by specific date (dependent upon plot).
3 Bedroom Terrace & Semi-detached houses.
The accommodation briefly comprises:
- Entrance Hall with stairs to 1st floor
- Kitchen to the front with oven, hob & hood
- Downstairs WC
- Living/Dining room with a door to the rear garden
- Three bedrooms
- Bathroom with a shower over the bath
- Flooring/carpets throughout
- Turfed rear garden
- Parking for 2 vehicles
3 Bedroom Mid Terrace £325,000 (100%)
40% share* £130,000 Rent = £446.88
3 Bedroom End Terrace £327,500 (100%)
40% share* £131,000 Rent = £450.31
3 Bedroom Semi-detached £330,000 (100%)
40% share* £132,000 Rent = £453.75
Plus the following monthly charges:
Management Charge: £22.00
Buildings Insurance: £15.32
Estate Charge: £17.10
The Price advertised is for a 40% 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.
3 Bedroom Floor Plan
pdf - 103Kb
New Shared Ownership Lease
pdf - 3711Kb
To register your interest please complete 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 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. These particulars do not form part of a contract or warranty.
