Property description
** PART BUY PART RENT **
50,000 is for a 20% share, the full property price is 250,000. The minimum CASH DEPOSIT you will need is 50,000. If you have 50,000 cash you can buy this property without a mortgage and pay rent to 'Your Home' of 815 per month (plus 20.22 per month lease management fee). Total rent per month 835.22. This is subject terms and conditions and application approval by 'Your Home'.
You can buy from 20% -75% and pay rent on the part you do not buy, whilst being able to staircase over time to own 100% of the property.
This is also Sharia Compliant Home Ownership certified since 2020 and updated annually. There is no lending involved, you are not borrowing any money which you have to pay back, so there is no interest. You can grow your homeownership at your own rate. When you choose to buy more, the rent will decrease in line with your ownership until you own 100%. This is called Diminishing musharakah, which simply means diminishing partnership. We share in any profits. A brochure with more information on this is available upon request.
Your Home is a part buy ?part rent scheme available on freehold properties only for sale with Leaders Estate Agents.
Turn any freehold property into part buy ?part rent with Leaders Estate Agents and 'Your Home'.
You simply need 20% cash deposit on the full purchase price, there's no need for a mortgage and you can buy more or move at any time. Subject to status and certain criteria (please see below for more details).
Your Home* eligibility criteria:
Good credit history
Income to support the unpurchased share
Be a British or EU citizen or have indefinite rights to remain in the UK
Must be your principle and only home at completion
Leaders are proud to introduce this much-loved, well-presented, three bedroomed end-terraced property which is ideal for first-time buyers or investors and is definitely one not to be missed. The property's accommodation briefly comprises; Side main entrance door, lounge and kitchen diner. The first floor comprises; Landing, two well-proportioned bedrooms and a single third bedroom along with a family bathroom. Outside is a rear garden that is ideal for relaxing and enjoying the sunshine in the finer weather and spending quality time entertaining with family and friends. In addition, there is a summer house with full power connected and a shed also having an electric supply. To the front is a driveway which provides off road parking. Viewing is highly recommended to fully appreciate all that this property has to offer.
A Three-Bedroomed End-Terraced Property
Driveway
Entrance Hallway
Lounge 14 (max), 12'9" (3.89m) (min to chimney breast) x 13'8" (4.17m).
Kitchen Diner 17 x 9'4" (17 x 2.84m).
First Floor Landing
Bedroom One 14'4" (4.37m) (max into bay), 10'9" (3.28m) (min) x 10'2" (3.1m).
Bedroom Two 13 x 9'5" (13 x 2.87m).
Bedroom Three 7'5" (2.26m) x 6'10" (2.08m) (max) x 3'8" (1.12m) (min).
Family Bathroom 7'5" x 6'8" (2.26m x 2.03m).
Rear Garden
Summer House 13'1" x 9'5" (4m x 2.87m).
Shed 7' x 4'7" (2.13m x 1.4m).
Council Tax Band B
Tenure We are advised the property is Freehold, although this is subject to verification by Solicitors.
Viewings Strictly by appointment only via Leaders estate agents - 0121 430 5666 (Option 2)
DISCLAIMER: Property descriptions and related information displayed on this page are marketing materials provided by Leaders. Placebuzz does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Leaders for full details and further information.