2 bedroom semi detached property for sale

Whinney Lane, Pannal Ash, Harrogate

Shared ownership£106,000

Bedrooms
2 bedrooms
Bathrooms
1 bathrooms
 

Description

Key features

Full description

Tenure
Leasehold

Solo Homes, in partnership with Progress Housing, are pleased to offer 3 x 2 bed semi detached homes at the eagerly anticipated development of Whinney Fields.  Available on a shared ownership basis, this is an ideal opportunity to make your next home purchase more affordable.  The development is situated in the much sought after area of Pannal Ash in Harrogate.  The properties are carefully designed to cater for the needs of modern living with spacious layouts, high quality fixtures and fittings throughout and good sized rear gardens. Perfectly located only a short drive from the centre of Harrogate. Whinney Fields is ideal for couples, families and downsizers looking to enjoy a relaxed lifestyle within easy reach of a wide range of amenities.  The properties are available from 40% shares subject to affordability assessment and with deposits as low as 5%. A local connection to Harrogate Town is a requirement. Available to move into from April 2021. PRICE SHOWN IS FOR A 40% SHARE.

The properties are built to an excellent standard with quality fixtures and fittings.  The kitchens come fully equipped with oven and hob, fridge freezer, dishwasher and washing machine making moving in a relatively straightforward job. The properties are available on a Shared Ownership Basis to those with a local connection to Harrogate Town, who have an income of less than 80k per annum and who don't own another property. 

Shared Ownership Explanation Shared Ownership - How It Works And How You Start The Application Process.

Shared Ownership allows you to buy a share in a new home, ranging from 40% to 75%, depending on what you can afford. Progress Housing will own the remaining share, and you pay a reduced rent on that share.

This means that you will need a smaller deposit and mortgage than if you bought a property outright. Generally you are able to buy a bigger property than you may otherwise be able to afford

You can buy more shares as and when you can afford them -this is called Staircasing - and as you buy more shares, you will pay less rent. You can eventually own 100% of the property if you want to, at which point you will pay no rent at all Your monthly payments could be less than renting privately.   

A service charge of £25pcm (to be confirmed) is payable for maintenance of any common areas and to cover buildings insurance.   

As a home owner, you will be responsible for the maintenance and repairs on your home. However as it is a new build your property comes with a 10 year NHBC guarantee and many of the appliances will have a 2 year manufacturers guarantee giving you peace of mind.

You can apply to buy one of these homes by filling in an online application form on the Help to Buy North West website where the properties are
listed.  www.helptobuyagent1.org.uk/

Progress Housing will undertake an affordability assessment with you and can provide details of Independent Financial Advisors who can assist with obtaining a mortgage.

Detailed below is an indication of the price of various shares and the rent payable on the unpurchased equity.

Price & Rent Calculator –  2 bed Semi full price £265k   

40% share price £106,000 and rent of £364.38pcm
50% share price £132,500 and rent of £303.65pcm
60% share price £159,000 and rent of £242.92pcm
75% share price £198,750 and rent of £151.82pcm

Floor plans

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