16 Grange Gardens, Ledbury - shared ownership, HR8 1FG

FINAL PLOT - SHARED OWNERSHIP FROM £65,000 FOR 25% SHARE This is your final chance to buy a shared ownership house in the beautiful development 'The Arches'.

2 Bedroomed mid terrace with 2 allocated parking spaces. DO NOT MISS OUT How Does Shared Ownership Work?

- If you bought a home on the open market, you would agree a purchase price through an estate agent.

Then you would take out a mortgage to cover the total purchase price of the property minus any deposit you might have available.

With Shared Ownership, the price of the property is fixed at the open market value, as assessed by a qualified valuer. You borrow just enough to cover the share you are buying.

This is referred to as equity share. The equity share amount will be an amount that you can afford, as set out under government guidelines.

The total monthly cost of the rent, plus your mortgage, will be lower than the monthly cost if you bought the property outright with a mortgage.

For legal reasons, while you are only buying a part-share of the property, you will have a leasehold interest. However, you may buy further shares.

This is called ‘staircasing’, and may eventually progress to outright ownership. Shared Ownership Information - Shared ownership is a part buy part rent property from Two Rivers Housing.

You purchase a share with the help of a mortgage based on affordability and the minimum share being sold.

OMV - £260,000 Example share 25% £65,000 plus Rent on remaining share - £446.88 pcm (please note the rent element of this payment will increase every April) Management Fee - £30.60pcm Buildings Insurance - £17.32pcm Ground Floor - Entrance Hall - Door to lounge, stairs to first floor Lounge - Window to front elevation, door to kitchen/diner Kitchen/Diner - Fitted kitchen with range of wall and base units, stainless steel sink with mixer tap, space for washing machine and fridge/freezer.

Electric oven with gas hob with hood over.

Window to rear elevation Wc - Low level WC and wash hand basin First Floor - Landing with doors to 2 bedrooms and bathroom Bedroom 1 - Window to front elevation and storage cupboard Bedroom 2 - Window to rear elevation Bathroom - White bathroom suite with shower over bath, low level WC and wash hand basin.

Window to rear elevation. Storage cupboard. External - Allocated parking for 2 cars. Enclosed rear garden with side access Disclaimer - All measurements are approximate.

We have not checked the serviceability of any appliances, fixtures or utilities (i.e. water, electricity, gas) which may be included in the sale.

We cannot guarantee building regulations or planning permission has been approved and all prospective purchasers should satisfy themselves on these points prior to entering into a contract.

Consumer Protection from Unfair Trading Regulations 2008.

The Agent has not tested any apparatus, equipment, fixtures and fittings or services and so cannot verify that they are in working order or fit for the purpose.

A Buyer is advised to obtain verification from their Solicitor or Surveyor. References to the Tenure of a Property are based on information supplied by the Seller.

The Agent has not had sight of the title documents. A Buyer is advised to obtain verification from their Solicitor.

Items shown in photographs are NOT included unless specifically mentioned within the sales particulars. They may however be available by separate negotiation.

Buyers must check the availability of any property and make an appointment to view before embarking on any journey to see a property.

Two Rivers Housing - TwoCan estate agents are advertising this property on behalf of Two Rivers Housing.