Shepherd Lane, Beverley

25% SHARED OWNERSHIP

A fantastic opportunity to acquire a property situated on the Shepherds Rest development within the market town of Beverley. This property is offered for sale on a shared ownership basis through East Riding of Yorkshire Council.

Accommodation briefly comprising entrance hall, living room, dining kitchen, cloakroom to the ground floor. The first floor offers two fantastic sized bedrooms and a family bathroom.

Externally there is two allocated car parking spaces and rear garden.

This property is Leasehold. East Riding of Yorkshire Council .Council Tax Band C. EPC - B

The Accommodation Comprisies -

Entrance Hall - Block paved pathway leads to the property having an outside light and glazed entrance door into the entrance hall. Stairs off to the first floor and door into..

Living Room - 4.14m x 3.42m (13'6" x 11'2") - A light and airy room with under stairs storage cupboard, Tv and telephone point.

Dining Kitchen - 3.38m x 3.33m (11'1" x 10'11") - Modern range of light coloured wall and floor units with complimentary work surfaces and splashbacks incorporating a one and a half bowl stainless steel sink unit, large larder unit, integrated oven with stainless steel splashback and chimney extractor over. Space for fridge freezer, washing machine and dining table. There is a further useful recessed storage cupboard, vinyl flooring, recessed spotlights and back door off into the rear garden.

Cloakroom - 1.63m x 1.02m (5'4" x 3'4") - Suite comprising of low level Wc and modern vanity sink unit with storage under. Extractor fan.

First Floor -

Landing - Hatch to loft space and recessed cupboard housing combination boiler.

Master Bedroom - 4.45m x 2.73m (14'7" x 8'11") - A lovely sized double to the rear of the property. Tv point.

Bathroom - 2.40m x 1.89m (7'10" x 6'2") - Modern suite comprising of low level Wc, pedestal hand basin and panelled bath with shower over and glass screen. Part tiling to the walls, vinyl flooring, large chrome towel radiator, shaver point and extractor fan.

Bedroom Two - 4.44m x 2.84m (14'6" x 9'3") - Another good sized double to the front of the property with over stairs storage cupboard.

Outside - Laid mainly to lawn with block paved patio adjacent to the property, block paved pathway leads to the rear access gate. Two parking spaces to the rear of the property.

Additional Information - *Broadband
For broadband coverage, prospective occupants are advised to check the Ofcom website:-
*Mobile
For mobile coverage, prospective occupants are advised to check the Ofcom website:-
*Referral Fees
We may receive a commission, payment, fee, or other reward or other benefit (known as a Referral Fee) from ancillary service providers for recommending their service to you. Details can be found on our website.

Services/Appliances - Mains electricity, gas and drainage are connected to the property. No appliances have been tested by the agents.

Share Purchase Price And Rent Eamples - The share purchase price is calculated using the full market value and the percentage share purchased.
If you buy a 25% share, the share purchase price will be £49,375 and the rent/service charge will be £399.46 a month. (Subject to review 1/4/26)

Monthly Payment To The Landlord - In addition to the rent above, the monthly payment to the landlord includes:
Service charge £0
Estate charge £17.17
Buildings insurance £8.97
Management fee £2.61
Reserve fund payment £0
Total monthly payment excluding rent £28.75

Reservation Fee - £0-nil

Eligibility - You can apply to buy the home if both of the following apply:
•
your household income is £80,000 or less
•
you cannot afford all of the deposit and mortgage payments to buy a home that meets your needs
One of the following must also be true:
•
you're a first-time buyer
•
you used to own a home but cannot afford to buy one now
•
you're forming a new household - for example, after a relationship breakdown
•
you're an existing shared owner, and you want to move
•
you own a home and want to move but cannot afford to buy a new home for your needs
If you own a home, you must have completed the sale of the home on or before the date you complete your shared ownership purchase.
As part of your application, your finances and credit history will be assessed to ensure that you can afford and sustain the rental and mortgage payments.

Tenure - Leasehold

Lease Type - Shared Ownership House Lease Model 2016-21

Lease Term - 990 years from Lease Start Date of 24/5/2023
For more information, see section 2.5, ‘Lease extensions’, in the ‘Key information about shared ownership’ document.

Maximum Share You Can Own - You can buy up to 100% of your home.

Transfer Of Freehold - At 100% ownership, the freehold will transfer to you.

Landlord - East Riding of Yorkshire Council
County Hall
Cross Street
Beverley
East Riding of Yorkshire
HU17 9BA
Under a shared ownership lease, you pay for a percentage share of the market value of a home. You enter into a lease agreement with the landlord and agree to pay rent to the landlord on the remaining share.

Landlord Nomination Period - When you give the landlord notice that you intend to sell your share in your home, the landlord has 8 weeks to find a buyer. The landlord may offer to buy back your share, but only in exceptional circumstances and if they have funds available. If they do not find a buyer within 8 weeks, you can sell your share yourself on the open market. For example, through an estate agent.

Pets - You can keep pets at the home.

Subletting - You can rent out a room in the home, but you must live there at the same time.
You cannot sublet (rent out) your entire home unless you either:
•
own a 100% share; or
•
have your landlord's permission which they will only give in exceptional circumstances (see section 1.5 in ‘Key information about shared ownership’ document)
and
•
have your mortgage lender’s permission if you have a mortgage