The Spires, Moreton-on-Lugg, Hereford, Herefordshire

45% Shared Ownership Property | Three Bedroom Home in Popular Village Location | Downstairs W.C | Private Parking & Garden

Located on a modern development within the popular village of Moreton-On-Lugg, The Spires is approximately 5 miles from Hereford, with easy access to the Hereford – Leominster A49 road. The village benefits from a local shop and Post Office, village hall and community centre, together with regular bus services to Hereford city. There is open countryside nearby great for walking.

In more detail the property comprises on the ground floor, a canopy entrance porch with a door giving access into a spacious entrance hall with light point, radiator and stairs rising to the first floor. The downstairs cloakroom comprises a low flush WC, wash hand basin and radiator.

The modern fitted kitchen features a range of wall and base units, work surfaces, an integrated four ring gas hob with extractor hood, electric oven, tiled splashbacks and power points. There is further plumbing for a dishwasher and washing machine, along with space for a fridge/freezer.

The spacious and open plan lounge/diner has radiators, power points and television point, along with a double glazed window and a door to the rear gardens.

From the entrance hall, carpeted stairs lead up to the first floor landing which has access via a hatch to the roof space, light point, and an airing cupboard.

Bedroom 1 has a radiator, power points, television point and light point. Bedrooms 2 and 3 have a radiator, light points and power points.

The Bathroom features a panelled bath with shower overhead and full tiled surround, wash hand basin, low flush WC, and radiator.

The rear garden boasts a well-maintained lawn and spacious patio area, with side gate giving access to the front of the property.

Shared Ownership:
The property is sold at a 45% share with the remaining 55% owned/managed by Connexus. There is a rental payment to Connexus of £384.20 per calendar month plus an additional £46.68 service charge (including buildings insurance) per month. Total monthly costs = £430.88.

Their are 987 years remaining on the lease.

To apply for a shared ownership home you are required to carry out a financial assessment with Connexus to establish the share size that you will be able to afford and sustain. This can be with cash savings and/or a mortgage.

Any potential buyers must meet the following criteria:
- Can’t afford to buy on the open market and at least 18 years old
- Have a household income of less than £80,000 per year
- Have a good credit rating
- Have at least £1,500 of savings to cover the one-off costs (things like solicitor fees). Remember this doesn't include any mortgage deposits, developer reservation fees or stamp duty (if applicable). Most schemes will require you to have a deposit of at least 5% of the share you are buying.