Netherton Moor Road, Netherton, HD4

THE HALDON - 2-BEDROOM MID TERRACED HOME | SHARED OWNERSHIP | NETHERTON

A fantastic opportunity to purchase a beautiful two-bedroom mid-terraced home through Shared Ownership at Castle View, an attractive development located near the quaint village of Netherton, just a 12-minute drive from Huddersfield.

The Haldon offers a stylish and practical layout, featuring a spacious open-plan kitchen and living area with French doors opening onto the garden. The property also benefits from two double bedrooms, a good-sized family bathroom, useful storage cupboards and off-road parking.

Our next release consists of three beautiful two-bedroom homes, offering an excellent opportunity to purchase a new-build home through Shared Ownership.

ABOUT CASTLE VIEW

Castle View is an exceptional collection of two- and three-bedroom homes situated in a popular location close to Netherton and within easy reach of Huddersfield.

Twenty-seven homes at the development are available to purchase through Shared Ownership, a part-buy, part-rent scheme designed to make home ownership more accessible.

The homes are being sold on behalf of Fabric Living, part of First Choice Homes Oldham, an affordable housing provider.

SHARED OWNERSHIP

Shared Ownership provides an opportunity to purchase a share of a home that you may not otherwise be able to afford outright.

You purchase an initial share of the property using a mortgage and savings, usually from a minimum of 25% or 35% up to a maximum of 75%, depending on your circumstances and the property. You then pay a subsidised rent on the remaining share.

As your circumstances change, you may be able to purchase additional shares in the property, reducing the amount of rent you pay. Buying a smaller share can also mean that you need a smaller deposit, as your deposit is based on the share you are purchasing rather than the full market value of the property.

Shared Ownership allows you to make the home your own, giving you the opportunity to decorate and personalise the property to suit your lifestyle.

ELIGIBILITY

Some of the main Shared Ownership eligibility criteria include:

* Your household income is £80,000 per year or less.
* You cannot afford the full deposit and mortgage payments for a home that meets your needs.
* You are a first-time buyer.
* You used to own a home but cannot afford to buy one now.
* You own a home but want to move and cannot afford a property suitable for your needs.
* You are forming a new household, for example following a relationship breakdown.
* You are an existing Shared Ownership homeowner looking to move.

Eligibility and affordability will be assessed as part of the application process.

SHARED OWNERSHIP EXAMPLE

The full market value of this property is £220,000.

Estate charge: £16.70 per month
Building insurance: £21.01 per month

The following are examples of available shares and the corresponding Shared Ownership rent:

30% share at £66,000, Shared Ownership rent £352.92 pcm,
35% share at £77,000, Shared Ownership rent £327.71 pcm
40% share at £88,000, Shared Ownership rent £302.50 pcm
50% share at £110,000, Shared Ownership rent £252.08 pcm
60% share at £132,000, Shared Ownership rent £201.67 pcm
70% share at £154,000, Shared Ownership rent at £151.25 pcm
75% share at £165,000, Shared Ownership rent at £126.04 pcm


Other share options may be available, subject to eligibility and affordability.

IMPORTANT INFORMATION

The photographs shown are for illustration purposes only and are taken from a previous phase of the same house type. The final specification, finishes, layout and external appearance may vary.

All figures are provided as examples and are subject to confirmation. Applicants will need to meet the relevant Shared Ownership eligibility criteria and pass the required affordability assessment.