The Evergreens, Beverley
- PROPERTY TYPE
Detached
- BEDROOMS
3
- BATHROOMS
2
- SIZE
Ask agent
Key features
- Shared Ownership - Range of Options Available
- Option To Purchase 10%-75% With Reduced Rent On Remaining Share
- Full Value £280,000 - Purchase Options From £28,000 to £210,000
- New Build 3 Bedroom Detached Family Home
- High Energy Efficiency
- Off Street Parking & Good Size Rear Garden
Description
What is Shared Ownership?
Shared Ownership allows you to buy a share in your new home. This will range from 10%-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 - £280,000
10% share purchase price - £28,000 (Mortgage & Deposit)
Monthly rent on the remaining share - £577.50
25% share purchase price - £70,000 (Mortgage & Deposit)
Monthly rent on the remaining share - £481.25
30% share purchase price - £84,000 (Mortgage & Deposit)
Monthly rent on the remaining share - £449.17
40% share purchase price - £112,000 (Mortgage & Deposit)
Monthly rent on the remaining share - £385.00
50% share purchase price - £140,000 (Mortgage & Deposit)
Monthly rent on the remaining share - £320.83
60% share purchase price - £168,000 (Mortgage & Deposit)
Monthly rent on the remaining share - £256.67
70% share purchase price - £196,000 (Mortgage & Deposit)
Monthly rent on the remaining share - £192.50
75% share purchase price - £210,000 (Mortgage & Deposit)
Monthly rent on the remaining share - £160.42
In addition to the...
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, you cannot afford all of the deposit and mortgage payments to buy a home that meets your needs 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.
One of the following must also be true:
- you're a first time buyer
- you used to own your own home but cannot afford to buy one now
- you're forming a new household (e.g. after a relationship breakdown)
- you're an existing shared owner and you want to move on
- you own a home and want to move but you cannot afford to buy a new home that meets your needs (you must complete the sale of your existing home prior to completing the purchase of the shared ownership property).
Lease Details
Tenure - Leasehold
Lease Type - Shared Ownership House Lease
Lease Term - 990 years
Maximum share you can own - 100%
Transfer of freehold - At 100% ownership, the freehold will transfer to you
Initial Repair Period
Up to £500 a year for the first 10 years to help with essential repairs
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.
Property Information
EPC Rating - TBC (New build)
Council Tax Band - TBC (New build awaiting rating)
Broadband - Ultrafast is available in this location (awaiting confirmation via Ofcom website)
Mobile Phone Coverage - 4 networks have limited indoor availability in this location. Please refer to the Ofcom website for further details
Brochures
Full Details- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Band: TBC
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Energy performance certificate - ask agent
The Evergreens, Beverley
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About Oscars, Hull
211 - 213 Hull Road Anlaby Common HU4 7RXOscars Estate Agents was formed in 2008 as a local independent estate agent covering Hull and East Yorkshire. We are proud to have been awarded the Gold Award at the British Property Awards as the best estate agent in Hull in both 2023 & 2024
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 refurbishment programe. The office provides some welcoming meeting spaces as well as being an excellent showroom to market your property on one of the main arterial routes into and out of the city centre.
Our team are all local people who have an extensive knowledge of the area and a combined experience of in excess of 50 years working within the property industry in the East Riding.
We are extremely proud of what we have achieved since the company's inception, and we now manage several hundred properties throughout Hull and East Yorkshire as well as dealing with the acquisition and sale of residential properties for our clients.
We have invested heavily in the technology we use, ensuring we reach the maximum target audience on behalf of our clients, utilising online property search websites, and social media. We also advertise in the local media and have 'For Sale' and 'Let Me' boards with striking and eye-catching branding.
We provide a free valuation service in both our Sales and Lettings departments and whether you are upsizing, downsizing, relocating or just curious we welcome the opportunity to meet with you and provide some advice. Please contact our office for full details and to speak to one of the team.
Your mortgage
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Visit our security centre to find out moreDisclaimer - Property reference 12457035. 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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