Arden Park, Far Moor Lane, Redditch, B98

*New Release - 'FIRST HOMES' SCHEME PLOT - CONDITIONS APPLY!* Plot 104, The Lyndhurst at Arden Park: A mid-terraced, 2-bedroom home - due for completion in Summer 2027.

Description

KEY INFORMATION & ELIGIBILITY CRITERIA:

This property is one of just four homes available under the Government’s First Homes Scheme, offering eligible buyers the opportunity to purchase at a 30% discount from full open market value (full value of the property is based upon £320,714). This discount is secured in perpetuity, ensuring the home remains affordable for future purchasers.

The scheme is specifically designed to support first-time buyers onto the property ladder, subject to both national and local eligibility criteria.

A Qualifying purchaser is:

The First Homes eligibility criteria require the purchaser (or all purchasers if a joint purchase):

1: To be a first-time buyer, as defined by paragraph 6 of Schedule 6ZA of the Finance Act 2003.

2: To have a household annual income of no more than £80,000, and

3: Should have a mortgage or home purchase plan to fund a minimum of 50% of the discounted purchase price.

Subsequent sales must also be to a person or persons who meet the First Homes eligibility criteria.

Local Connection

In addition to the national eligibility criteria for First Homes owner occupiers, the Council will require all applicants and purchasers of First Homes to have a local connection to the Council, as set out the Council’s Allocations Policy. In determining whether the household has a local connection the Council will agree a connection exists in the following circumstances, noting that if an applicant has no connection that meets the qualification criteria and claims a connection on the basis of special circumstances then the decision to allow them on the list can be made by a Senior Officer:

Local Connection Criteria

The Council will apply a local connection criteria for First Homes applicants as there are affordability issues in the local authority area due to high house prices that are inaccessible to those with lower quartile and median incomes. The local connection criteria is extracted from the Council’s housing allocations policy which was consulted upon prior to implementation.

In determining whether the household has local connection we will agree a connection exists in the following circumstances;

- Where the local connection arises due to residency the applicant(s) must have lived in the local authority area (by choice) for a minimum period of two years.

- Where the local connection arises due to employment and the applicant(s) have been in permanent, paid employment for a minimum period of six months, within the Local Authority area, immediately prior to the application (please see further information below).

- Where the applicant(s) has a close (immediate) family member living in the local authority area and has done so for a minimum period of five years, immediately prior to the application (please see further information below).

- Where the applicant has resided in the local authority area for three out of the last five years at the point of application

Please speak with Sales Advisor for all queries and questions.

The Home:

The Lyndhurst is a stylish two-bedroom home, combining classic design with a contemporary interior. A spacious lounge leads through to an open-plan kitchen and dining room, where double doors open onto the rear garden. A downstairs cloakroom adds convenience, while two well-proportioned bedrooms and a sleek family bathroom complete this thoughtfully designed home.

The Development:

Savills is proud to present Arden Park by 5* housebuilder, Morris Homes: a collection of 2, 3 and 4-bedroom homes, set amid stunning landscaping and neighbouring countryside.

Discover premium specification and open plan layouts throughout, perfect for all the family to enjoy. The traditional architecture is combined with the attention to detail that makes a Morris home so special. Beautifully designed interiors are filled with natural light and all built with energy efficiency in mind, allowing you to save for the things that matter most

Whether you’re looking for your first home, somewhere for a growing family, or to downsize, Arden Park is a perfect place to call your own.

The Location:

Arden Park offers the best of country living with city connections. Nestled on the fringes of Redditch and adjoining open countryside, Arden Park is secluded while still being accessible to local schools, shops and leisure facilities. This aspirational location is enriched with extensive planting of new trees, hedgerows and wildflowers.

Square Footage: 753 sq ft



Additional Info

Tenure: Tenure: Freehold
Ground Rent: Ground rent N/A
Management Fee: £257.09 PA