Semi-detached house for sale in Jacobin Lane, Ross-On-Wye HR9

Summary
The final phase at St Marys Village offering Shared Ownership is now available. There are only two plots remaining of three bedroom semi-detached homes with 40% share prices starting from £108,000, with a monthly rent of £371.25 and a minimum deposit required of £5400. Call our Shared Ownership team today to discuss.

Description
Final Phase now Released! – Welcome to St Mary’s Village

A unique development comprising beautiful new Shared Ownership homes located in the idyllic town of Ross-on-Wye, Herefordshire.

Each property has been thoughtfully designed in keeping with the traditional look of existing housing stock, while perfectly balancing form and function for modern living. The result is a selection of beautifully-appointed homes that are ideal for young families and those otherwise looking to get on the property ladder.

What really sets St Mary’s Village apart are the amenities – including open green spaces, play areas, and a community hub – that support lifestyle living and a strong sense of community. Less than a mile from St Mary’s Village is some of Herefordshire’s most beautiful countryside, nestled in the fertile Wye Valley. From rambling on the numerous trails to canoeing on the River Wye to adventures in the nearby Forest of Dean – living at St Mary’s Village gives you direct access to some of England’s most beguiling beauty spots.

Plots available: Plot 98 / 99

Three bedroom semi-detached homes

Price example -
Full market value : £270,000
40% share price from : £108,000
Rent based on 40% share : £371.25 per month
Estate charge : £86.86 per month
Minimum 5% deposit required : £5400

How Does Shared Ownership Work
The Shared Ownership scheme is simple, you buy an initial share of between 40% and 75% of the homes full value and pay a subsidised rent on the remainder.
You may purchase further shares (up to 100%) as your circumstances change, should you choose to.

Is It Cheaper Than Renting?
Shared Ownership can be cheaper than renting privately as the mortgage cost and low rent usually add up to less than the equivalent rental payments to a landlord.

What If I Already Have A Home?
If you already own a property you would need to have confirmed the sale of your home when you apply to buy via Shared Ownership.
Your application would be assessed based on your housing need for you to be considered for Shared Ownership.

Will I Need A Deposit?
Yes you still need a deposit, but only on the percentage of the property you are buying. Mortgage deposits can often be from 5% of the share value.

What Is The Eligibility?
If you earn or have a household income up to a maximum of £80,000 (or £90,000 in London) per annum, you could be eligible. You can also use Shared Ownership to buy alone or with another person as long as your joint incomes don’t exceed the maximum earnings bracket.

What Share Is Availableto Me?
You can purchase any share from 40% to 75% of the initial purchase price, but some properties may carry specific minimum share restrictions. You will be asked to speak to a financial advisor to assess what share you can buy that is both affordable and sustainable.

Lease details are currently being compiled. For further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

1. Money laundering regulations - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.