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The Steadings | Bromford

Shared ownership

Essington, Wolverhampton, WV11 2RF

For salenew home
Shared ownership
Photo of The Steadings | Bromford
Live from space album cover
  • from

    £90,000

    2 bedroom

  • from

    £108,000

    3 bedroom

from

£90,000

with min. deposit

£4,500

Bromford

£90,000

2 bedroom terraced house

£108,000

3 bedroom terraced house

Availability

Coming soon

Coming soon

Minimum share

40%

40%

Full market price

£225,000

£270,000

Deposit from

£4,500

£5,400

Monthly rent

£309

£371

Bedrooms

2

3

Bathrooms

1

1

Reception rooms

1

1

Furniture status

unfurnished

unfurnished

Floor area

79.1

94

Number of floors

1

1

Entrance floor

Ground floor

Ground floor

Tenure

leasehold

leasehold

Property features

Central heatingDouble GlazingOff street parkingPets allowedPrivate Garden
Central heatingDouble GlazingOff street parkingPets allowedPrivate Garden

Overview

If you're dreaming of owning your own home, shared ownership can make that dream a reality.

Surrounded by country landscapes, The Steadings has neighbouring woodlands and lakes right on its doorstep. Offering a choice of 2 and 3 bedroom shared ownership homes, this new community is perfect for those looking for a home located in a more tranquil area. Designed and built by Bovis Homes to meet the needs of modern living, these homes will appeal to first-time buyers, couples, and families looking for a little extra space.

Being a short drive from the M6 means this local development is great for commuters, it also boasts strong links to …

FAQs

Shared ownership is a government-backed scheme, designed to make stepping onto the property ladder more affordable. You buy a portion of a home normally with a mortgage and a deposit, and pay a low-cost rent on the rest.

Read more on the Shared Ownership FAQ

Help to Buy is an equity loan scheme to help you buy a new home. If you have a 5% deposit and can cover 75% of the value of the home with a mortgage (or 55% in London), the Government will lend you up to the remaining 20% (40% in London) in the form of an equity loan that carries 0% interest in the first 5 years. This is available on a variety of new-build properties for first time buyers and is subject to the property price, the subsequent price cap in that region and the developer offering the option.

You can read more on the Help to Buy FAQ

The rules for shared ownership are different to a private purchase. In short, as long as you don’t currently own, or won’t own another property when you move in to a new home, you’re likely to qualify. Help to Buy is available to first time buyers only and the property value itself must fall below a price threshold for that specific area which varies in terms of the average house price in the region.

Read more about eligibility in the FAQ

Some properties require you to live or work in the local area in order to be eligible to buy them. By knowing the areas in which you live and work, we can make sure you see everything available to you.

from

£90,000

with min. deposit

£4,500

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