Wolsey Road in Coalville
by Midland Heart Housing Association
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2 & 3 bedroom houses
£86,000 - £102,000 for a 40% share
(£215,000 - £255,000 Full Market Value)
Coalville, Leicestershire, LE67 3TR
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Affordable Homes - Exclusive to Midland Heart
A selection of Brand New 2 & 3 Bedroom Houses available to buy on Shared Ownership.
Located in the market town of Coalville, within walking distance of the High Street. Great central location for all local amenities including shops, pubs, restaurants, schools, recreational facilities & easy access to the A511.
2 Bedroom Houses - £86,000 for a 40% share
3 Bedroom Houses - from £100,000 for a 40% share
Great location close to local amenities
Available on new Shared Ownership scheme with a 990 year lease
These energy efficient new homes come with an impressive specification as standard including flooring/carpets throughout, modern fitted kitchens with oven & hob, a private garden and parking.
Coalville is located in north-west Leicestershire, in the heart of the National Forest. This busy market town offers a range of amenities including shops, schools, cafes, pubs & restaurants, & recreational facilities. The town lies on the A511 road between Leicester and Burton upon Trent, close to junction 22 of the M1 motorway
Price
2 Bedroom £215,000 (100%)
40% share = £86,000 Rent = £ 295.63
3 Bedroom from £250,000 (100%)
40% share = £100,000 Rent = £343.75
Plus the following monthly charges:
Management Charge: £22.00
Buildings Insurance: 2 bed £13.42; 3 bed £15.32
Estate Charge: £13.47
Shared Ownership is ideal for those who cannot afford to buy a home outright. The scheme enables you to purchase an initial share in a property by normal means of a mortgage (or in cash) and pay a monthly fee to Midland Heart for the share you don’t own. This means you’ll need a smaller mortgage and deposit to get you started. You can then go on to purchase further shares in the future until you own your own home outright.
The Price advertised is for our target share of 40% and is for illustration purposes only (to give an indication of the cost of purchase, rent, etc); it is not the minimum or maximum that is available for purchase. Other shares are available upon request & will be based on affordability, proceed ability & sustainability.
Buyers will be considered on first come first served basis (assuming affordability, proceed ability & sustainability checks are met). Buyers need to demonstrate maximum affordability which will be determined via a Mortgage advisor prior to any agreed sale.
Amount advertised is subject to change. An additional monthly charge applies that includes rent, buildings insurance, estate and management charge but excludes any mortgage payment.
^Any Images/Photographs shown are for illustrative purposes only & represent a typical Midland Heart property at this development.
Example Shared ownership share price options
The following table shows examples of the share price range of this development at various share points
| Share | Lower price | Upper price |
|---|---|---|
| 40% share | £86,000 | £102,000 |
| 45% share | £96,750 | £114,750 |
| 50% share | £107,500 | £127,500 |
| 55% share | £118,250 | £140,250 |
| 60% share | £129,000 | £153,000 |
| 65% share | £139,750 | £165,750 |
| 70% share | £150,500 | £178,500 |
| 75% share | £161,250 | £191,250 |
Are we missing any purchase information? Contact the developer
Please note: Computer generated images are for illustrative purposes only. Images may include optional upgrades at additional cost. Its purpose is to give a feel for the development, not an accurate description of each property. External materials, finishes, landscaping and the position of garages (where provided), may vary throughout the development. Properties may also be built handed (mirror image). Please ask for further details.
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