Shared Ownership in Coventry, West Midlands 3 bedroom Terraced House

  • £255,000

    Equity share: 26% / £66,300

United Kingdom, CV3 1, Coventry, 27 Marjorie Way
Houses For Sale Shared Ownership

Shared Ownership in Coventry, West Midlands 3 bedroom Terraced House

United Kingdom, CV3 1, Coventry, 27 Marjorie Way
  • £255,000

    Equity share: 26% / £66,300

Property Overview

  • Terraced House
  • Property Type
  • 3
  • Bedrooms
  • 1
  • Bathroom

Property Description

We are pleased to bring to the market this 3 bedroom Terraced House Shared Ownership. It is situated in Coventry, West Midlands and is available now.

27 Marjorie Way , Coventry

IF YOU ARE A SERVING MEMBER OF THE ARMED FORCES, PLEASE CONTACT US AT commercialservices@stonewater.org ONCE YOU HAVE ARRNAGED A VIEWING ON THIS HOME SO WE CAN PRIORITISE YOUR APPLICATION. IF YOU DO NOT MAKE USE AWARE, WE WILL NOT BE ABLE TO GUARANTEE PRIORITY.

Three-bedroom end of terrace house with driveway for two cars. This property has a kitchen, lounge diner and WC downstairs, as well as access to the enclosed private garden, upstairs there are three bedrooms, the master bedroom with ensuite and two further bedrooms which share the family bathroom as well as three decent sized storage cupboards throughout the property.

The property is located close to amenities and also UHCW & JLR (Whitley & Ryton).

 

Viewings

Thank you for your recent interest in the above property. The seller is currently accepting viewings and if you would like to arrange a viewing, please contact the seller on the details below.

Seller Name: Laura Tyrrell & Kevin Tyrrell

Seller Contact Details: laurabench@hotmail.co.uk & kevtyrrell@hotmail.co.uk

07580045218 07817854080

As a shared ownership home, you will need to be eligible for Shared Ownership.

As a reminder, to be eligible for shared ownership you will need to evidence:

• your household income is £80,000 a year or less (£90,000 a year or less in London)
• you cannot afford all of the deposit and mortgage payments for 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 a new home that meets your needs

Please take note of the minimum income, (£26,7510.00) which is based on the minimum deposit (£5,815.00) for this property. If you are placing a larger deposit, the minimum income will reduce. Always check with us if you are unsure whether you can afford the property.

If you make a successful offer to the seller after your viewing, they will let us know and we will then be able to refer you for a financial assessment with an Independent Financial Advisor. This is compulsory for all Shared Ownership purchases and does not interfere with any mortgage arrangements you have already made. They will complete an assessment but you are not obliged to use them afterwards to arrange your mortgage, but can if you wish. You will also be required to complete a Stonewater application form. Further information on the financial assessment and application form will be provided.

Please let us know if you need any further information and good luck with your viewing.

Please note, the majority of our shared ownership homes undergo a rent review in April 2024. The review will depend on the shared ownership lease, but the majority will see a 9.4% uplift to the rent. We will confirm the exact changes to the rent for this property as part of the sales process.

Property Address

Open on Google Maps
  • Address United Kingdom, CV3 1, Coventry, 27 Marjorie Way
  • City Coventry
  • County West Midlands
  • Postal Code CV3 1JT

Details

Updated on June 6, 2024 at 11:30 am
  • Property ID: MS-125435
  • Rental Amount Per Month: £312/Month
  • Bedrooms: 3
  • Bathroom: 1
  • Property Type: Terraced House
  • Property Status: Houses For Sale, Shared Ownership
  • Estimated Monthly Service Charge (£): 13.70
  • Value Of The Equity Share: 26% / £66,300
  • Overall Property Value: £255,000
  • Tenure: Leasehold
  • Council Tax Band: B
  • Length of Lease: 114 years

Contact Stonewater Homes Resales about: Shared Ownership in Coventry, West Midlands 3 bedroom Terraced House

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