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Glyn Gaer Road, Glyn Gaer, Hengoed

Description

Rent-to-Own (Lease-Option) – Fixed Price £150,000

Luscombe Sales and Lettings are pleased to present this 3 bedroom mid terraced house located in Hengoed. Close to amenities and shops with easy access to Ystrad Mynach village and public transport and just a short walk to Glyn-Gaer Primary School.
The property comprises of entrance hall with stairs to the first floor. Large open plan living/dining room leading onto the kitchen. Downstairs bathroom with shower over bath. To the first floor you have 1 double bedroom and two single bedrooms and a w/c. Rear enclosed garden and front forecourt.
Monthly rent £700
Holding deposit - £160
Council Tax Band b
EPC Rating C
Heating type - Gas central heating

Rent-to-Own (Lease-Option) – Fixed Price £150,000
Become a homeowner in 24 months. Live in the home now, save as you rent, and buy at a fixed price of £150,000 any time in the 2-year option period.
Key points
• Upfront option fee (your stake): £8,000 (credited towards your purchase)
• Monthly: normal rent + £300 “top-up” (the top-up is saved for you)
• Price fixed for 24 months: £150,000
• Make it yours: decorate, refurbish, add value during your tenancy
• Ideal for: renters who need time to save a deposit or tidy up credit

How it works (simple steps)
1. Reserve & move in: Pay the £8,000 option fee (credited to you if/when you buy).
2. Save as you rent: Each month you pay rent + £300 top-up (we ring-fence the top-ups for you).
3. Build your deposit: After 24 months you’ll have £8,000 + £300×24 = £15,200 saved.

o That’s just over 10% of the £150,000 price (10% = £15,000).

4. Get your mortgage: Use your 10%+ deposit to apply for a mortgage and complete the purchase.
5. Bonus upside: If you’ve added value and the market value is now above £150,000, the gain is yours.

The rental will be handled by Luscombe Sales and Lettings and the Lease option agreement will be handled by solicitors.
You will also need to seek your own independent legal advice and speak to a mortgage broker.

Bathroom

Bedroom

Garden

Kitchen

Living Room

Brochures

Property Brochure
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: B
PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
No disabled parking,Not allocated,No permit
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.
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Glyn Gaer Road, Glyn Gaer, Hengoed

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About Luscombe & Co, Newport

Unit 56 Enterprise Way, Newport, NP20 2AQ
Industry affiliations:Industry affiliation logo 0Industry affiliation logo 1

Luscombe and Co are an Independent agent specialising in Sales and Lettings in Newport.

Our sole aim is to provide a professional yet personal and friendly service to our clients, with honest, accurate and straight-forward advice, whether you are selling,letting or indeed looking to purchase or rent a property. We pride ourselves on being different, an approach that has won us many friends, clients and repeat business over the years.

Luscombe & Co are members of the Property Ombudsman and licensed with Rent Smart Wales whereby we adhere to a strict code of practice which in turn means we are compliant and provide honest and transparent information.

Whether you are a first-time Landlord, selling your tenth property or buying/renting your first property, we would love to hear from you. To find out we can help you, contact us today.

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Disclaimer - Property reference 4753. 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 Luscombe & Co, Newport. 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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