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SOLD STC

Geldart Avenue, South Cave

Shared ownership
£46,250
Reduced on 26/05/2021
Oscars, Hull
PROPERTY TYPE
Terraced
BEDROOMS
×2
BATHROOMS
×1

Key features

  • Shared Ownership - Help To Buy
  • Option To Purchase 25%-75% With Reduced Rent On Remaining Share
  • Full Value £185,000 - Purchase Options From £46,875 to £140,625
  • New Build 2 Bedroom Mid Terrace
  • High Energy Efficiency
  • Off Street Parking & Good Size Rear Garden

Property description

Tenure: Leasehold

LAST REMAINING PLOT IN THIS PHASE!!***SHARED OWNERSHIP***HELP TO BUY***25%-75% OWNERSHIP OPTIONS***FULL VALUE £185,000***OPTIONS TO INCREASE OWNERSHIP SHARE WHEN AFFORDABLE***Are you looking for an affordable way to get on the property ladder? Shared ownership could be for you! We are delighted to offer this new build 2 bedroom mid terrace property. It lies on the popular Barleycorn Way site just off Little Wold Lane in South Cave by the well regarded Bellway Homes. This highly energy efficient home briefly comprises an entrance hallway with downstairs WC, lounge, kitchen/diner with integrated oven and hob and double doors which open to the rear garden. At first floor level there are 2 good sized bedrooms and a well appointed family bathroom. There is allocated off street parking and a nice size mainly lawned rear garden. A great opportunity to acquire a new build home in a superb location. Please note displayed price represents a 25% ownership - options from 25%-75% are available. Please note that these details do not show the actual plot available or the site itself which is still under construction but are designed to provide an idea of the finish and layout. Please contact our sales team for further details

What is Shared Ownership?

Shared Ownership allows you to buy a share in your new home. This will range from 25%-75% depending on what you can afford. You will then pay a reduced rent on the remaining share. The advantage to you the buyer is that you only need to get a smaller mortgage to buy the property, and you will also need a smaller deposit (your deposit is a percentage of the share that you are buying and not based on the full value of the property). You can buy more shares as and when you can afford them - this is called 'staircasing'. As you buy more shares you will pay less rent. In most cases you can eventually own 100% of the property and at that point you will pay no rent at all. As a homeowner you will be responsible for the maintenance and repairs on your home

Financial Example

Property value - £185,000

25% share purchase price - £46,250 (Mortgage & Deposit)
Monthly rent payable on the remaining 75% at 2.75% - £317.97

50% share purchase price - £92,500 (Mortgage & Deposit)
Monthly rent payable on the remaining 50% at 2.75% - £211.98

75% share purchase price - £138,750 (Mortgage & Deposit)
Monthly rent payable on the remaining 25% at 2.75% - £105.99

Term and conditions apply

Why Shared Ownership?

1. An affordable way to get on the housing ladder
2. Provides security of home ownership
3. Benefit from any increase in property prices
4. Flexibility to sell and move at any time
5. Ability to increase the level of ownership, subject to terms and conditions

Eligibility

If your household income is below £80,000 per annum and you can afford to sustain mortgage and rent payments in the long term then Shared Ownership could be your route onto the property ladder. Prior to reserving you will need approval from Help To Buy which you can apply for by visiting the Help To Buy website at

Availability - Coming Soon

Plot 102 - 2 Bed End House - 761 sq ft - Full Value £187,500
Plot 103 - 2 Bed Mid House - 761 sq ft - Full Value £185,000
Plot 104 - 2 Bed End House - 761 sq ft - Full Value £187,500
Plot 107 - 2 Bed Semi-Detached - 761 sq ft - Full Value £190,000
Plot 108 - 2 Bed Semi-Detached - 761 sq ft - Full Value £190,000

Further Details

For further details or to register your interest please contact our sales team on

Agents Notes

Please note:
In most cases we use wide angle lens photography to ensure we capture as much of the room and its features. This can distort the image slightly and should be considered alongside the other details within the particulars. Oscars give notice that these particulars whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Purchasers and potential purchasers should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise to assess their accuracy. No person in the employment of Oscars has the authority to make or give any representation or warranty in relation to the property

Free Valuation:
If you are considering selling your property, we would be delighted to provide a free valuation and marketing advice. Please contact the office on to arrange an appointment.

Fixtures & Fittings

Fixtures and Fittings:
Fixtures and fittings within the property may be available by separate negotiation unless otherwise stated. Any items of particular importance to you can be verified with our team.

Brochures

Full Details

Geldart Avenue, South Cave

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Brough Station3.3 miles
  • Broomfleet Station3.9 miles
  • Ferriby Station5.3 miles
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About the agent

Oscars, Hull

211 - 213 Hull Road Anlaby Common HU4 7RX

Oscars Estate Agents was formed in 2008 as a local independent estate agent covering Hull and East Yorkshire.

Our services have expanded since the companies inception and we now provide a full range of property services including valuation, residential sales, residential lettings and property management as well as mortgage advice and other financial services.

In 2017 we relocated our head office into new premises overlooking the fields at Anlaby Common following an extensive refur

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Disclaimer - Property reference 10980835. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Oscars, Hull. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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