Shared Ownership

Plot 26: The Ripley - Shared Ownership - RESERVED

Two-bedroom semi-detached house, block paved drive with space for two cars.

Overview

2 Bedroom

16 Cherry Tree Drive, Yarm TS15 9XZ

Details

RESERVED

Two-bedroom semi-detached house, block paved drive with space for two cars.

Shared ownership: £50,000 for a 25% share

Find out more about shared ownership

RIPLEY VIRTUAL TOUR

Ground floor 

Entrance hall: Large spacious entrance hall

Lounge: Spacious lounge with large feature window and storage cupboard and WC.

Kitchen: Modern open plan kitchen/dining space. Howdens Greenwich fitted kitchen with integrated Zanussi appliances, including fridge/freezer, single oven, electric hob, extractor fan and stainless-steel sink. Patio doors lead to the rear garden.

First floor 

Master bedroom: Large master bedroom with two feature windows. The size of the room allows for a variety of furniture arrangements.

Bedroom 2: Double bedroom

Family Bathroom: Modern bathroom featuring full height tiling around the bath with shower over and glass screen, chrome towel rail and light/heated mirror.

Outside

Gardens: Front and rear lawned gardens with boarded fence and lockable gate.

Parking: Block paved drive with space for two cars.

Call today to view this stunning home: 01609 531314

Email: salesenquiries@mulberryhomesyorkshire.com 

Our sales office is open every day from 10am to 5pm (Thursday until 8pm)

If you would like to enquire about a development or one of our homes, please complete the enquiry form below. For details on how we will process your information please refer to our privacy policy: https://mulberryhomesyorkshire.com/privacy-policy

Enquiry form

Photos

Floor Plan - The Ripley

Floor plans may vary slightlty for each home.

Floor Plan for The Ripley, Tall Trees, Yarm.

Shared Ownership Details

Shared ownership lets you buy a share of your home, usually between 10% and 75%, to make it more affordable for you to get onto the property ladder. 
 
This means you will pay a mortgage on the share that you've bought and rent on the percentage you haven’t bought.

Your annual rent is calculated as 2.75% of the remaining share of the full market value owned by Broadacres Housing Association.

Property Details

The Ripley

Full Market Value £200,000

990 year lease ( New Model Lease )

The table below shows example of percentages and rent and is for illustration purposes only.

 

Share

Share Purchase Price

Weekly Rental

From £

Weekly Service/Estate charge

25%

£50,000

£79.33

£3.11

30%

£60,000

£74.04

£3.11

40%

£80,000

£63.46

£3.11

50%

£100,000

£52.88

£3.11

60%

£120,000

£42.31

£3.11

75%

£150,000

£26.44

£3.11

You'll need to pay a reservation fee to secure your home. When you pay the fee, no one else will be able to reserve the home.

If you buy the home, the fee will be taken off the final amount you pay on completion. If you do not buy the home, the fee is refundable at Broadacres discretion.

Find out more about shared ownership

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