New Build 3 bedroom Properties Highfield Road DE6

For Shared Ownership Purchase or Intermediate Rent

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3 new build properties available for immediate shared ownership purchase or intermediate rent. Close to the centre of Ashbourne.

Each property comprises; 3 bedrooms, entrance hall, kitchen/diner, separate lounge area, downstairs cloakroom and family bathroom with over bath shower.

If you wish to purchase one of the properties you would be required to buy 50% of the equity. The properties have been valued at £170,000 and therefore you would purchase an £85,000 share of the property and pay rent on the remaining 50%, which would be approximately £150/calendar month. A £7.25/week service charge is also payable. An annual buildings insurance premium of £37.78 is also payable.

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An alternative option is to rent the properties at an ‘intermediate rent level’ of £520/calendar month. If you choose this option you will become an Assured Shorthold Tenant, however you will be expected to proceed to purchase the property on a shared ownership basis within a 3 year period. In effect this can be seen as a ‘try before you buy’.

Incentives may be available to people who rent and are able to purchase the property at a later date.

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