58 Peters Way, Spark Mill Meadows - Auxesia

Auxesia presents this 3 bedroom, semi-detached new build home at Spark Mill Meadows, Beverley. Ready to move in Summer 2024, the property is available to purchase on a shared ownership basis, with one year rent paid if purchasing a 50% share or above.

The Elmslie is a wonderful three bedroom semi detached home which boasts ample living space benefits from 2 parking spaces. Walking into the entrance hall of the home you have a downstairs w/c and door leading to the kitchen dining area complete with integrated appliances, the downstairs also comprises a large living room with french doors out onto the rear garden. Upstairs are the three good sized bedrooms and the main house bathroom.

Named in The Times list as one of the best places to live in the north, these desirable new build homes are in the attractive and historic market town of Beverley

Situated in picturesque countryside of Yorkshire's East Riding, Beverley benefits from a good choice of high street shops, as well as supermarkets, a gym, library, and a host of places to eat and drink. You will also find a range of entertainment venues and museums in the town, including Beverley Guildhall, Memorial Hall, and The East Riding Theatre.

Perfect for commuters, Beverley has easy access to A-roads and the nearest train station is just a short distance away. From there Hull, Bridlington, and York can be easily reached just a short drive away. Families with children will find a good selection of Ofsted-rated schools for all ages within easy reach of their home.

Beverley is the perfect place for first time buyers, expanding families or anyone looking to downsize with so many amenities right on their doorstep.

The advertised price of £127,475 represents a 50% share of the property. Rent would therefore be payable on the outstanding 50% share, set at 2.75% per annum. Based on a 50% share, rent would equate to an additional £292.13 per month on top of any required mortgage. You may purchase up to 75% of the total property price upfront.

What is Shared Ownership?

Shared ownership is a government-backed scheme, designed to make stepping onto the property ladder more affordable. Buy between 25% - 75% of a home normally with a mortgage and a reduced deposit, and pay a low-cost rent on the remaining un-purchased share.

Am I eligible to buy a home with shared ownership?

The eligibility criteria for shared ownership is simple; as long as you don't currently own, or won't own another property when you move in to a new home, you're likely to qualify. Your annual household income must not exceed £80,000 and you'll need to have savings to cover typical purchasing costs such as solicitors fees and your mortgage deposit.

Local connection tests also apply meaning you must have a strong connection to the area, being your current residence, immediate family, or work.

To find out more please contact Auxesia Homes in-house sales team.

**Computer generated images (CGI's) and photography are intended for illustrative purposes only and should be treated as general guidance only**

Tenure: Leasehold (125 years)
Service Charge: £250 per year
Shared Ownership: 50% being sold, £292.13 per month rental payments