Shared Ownership in West Bromwich, West Midlands 2 bedroom House

  • £100,000

    Equity share: 40% / £40,000

United Kingdom, B70 7HJ, West Bromwich, 77 Coyne Road
For Sale Shared Ownership

Shared Ownership in West Bromwich, West Midlands 2 bedroom House

United Kingdom, B70 7HJ, West Bromwich, 77 Coyne Road
  • £100,000

    Equity share: 40% / £40,000

Property Overview

  • House
  • Property Type
  • 2
  • Bedrooms
  • 1
  • Bathroom

Property Description

We are pleased to bring to the market this 2 bedroom House Shared Ownership. It is situated in West Bromwich, West Midlands and is available now.

 

77 Coyne Road, West Bromwich

This is a 2 bedroom house which comprises of 1 reception room, shower room, kitchen and enclosed rear garden. There is also a private driveway for one vehicle. The EPC rating is C and council tax band B. Vacant possession.

 

Viewings

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: Stonewater limited

Seller Contact Details: commercialservices@stonewater.org

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, (£18,439) which is based on the minimum deposit (£4500) 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.

We will be holding an open day for this property, and we have added your details to our list to contact when we have a date.

If your offer is successful after the viewing, 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, B70 7HJ, West Bromwich, 77 Coyne Road
  • City West Bromwich
  • County West Midlands
  • Postal Code B70 7HJ

Details

Updated on May 21, 2024 at 11:45 am
  • Property ID: MS-124966
  • Rental Amount Per Month: £275/Month
  • Bedrooms: 2
  • Bathroom: 1
  • Property Type: House
  • Property Status: For Sale, Shared Ownership
  • Estimated Monthly Service Charge (£): 5.83
  • Value Of The Equity Share: 40% / £40,000
  • Overall Property Value: £100,000
  • Tenure: Leasehold
  • Council Tax Band: B
  • Length of Lease: 999 years

Contact Stonewater Homes Resales about: Shared Ownership in West Bromwich, West Midlands 2 bedroom House

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