Bedford Way, Hildersley, Ross on Wye Shared ownership, HR9 7ZS

Brand new 2 bed end terraced shared ownership home situated at "The Orchards" Hildersley, located within walking distance to Ross-on-Wye town.

The property comprises of open plan lounge/kitchen/diner, WC, 2 bedrooms, bathroom, storage cupboards.

The property also benefits from 2 allocated parking spaces, enclosed rear garden, GCH and double glazing.

Shared Ownership Information - Shared ownership is a part buy part rent property from a registered landlord Open Market Value: £227,500 35% Shared Ownership: £79625 Rent: £338.88pcm Service Charge: £18.38pcm Estate charge: £10.76pcm Buildings insurance per month: £17.31 pcm The more you buy the lower your rent will be.

Rent is calculated at 2.75% of the unowned share. These costs will increase each year with inflation.

You must have a local connection to Herefordshire and be in housing need Affordability checks will be carried out prior to viewing Entrance Hall - Stairs to first floor landing, door into: 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 front elevation and door to WC and rear garden Wc - First Floor Landing - Doors to bedrooms and bathroom Bedroom One - Two windows to front elevation and storage cupboard Bedroom Two - Window Bathroom - White bathroom suite with shower over bath, low level WC and wash hand basin.

External - Enclosed rear garden with rear access. Allocated parking. Services - All mains services are connected. 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 of 125 years where the scheme allows. However, you may buy further shares.

This is called ‘staircasing’, and may eventually progress to outright ownership. Artists Impressions - All images are used for illustrative purposes only and are representative only.

They may not be the same as the actual home you purchase and the specification may differ.

Images may be of a slightly different model of home and may include optional upgrades and extras which involve additional cost.

Individual features such as windows, brick, carpets, paint and other material colours may vary and also the specification of fittings may vary.

Any furnishings and furniture are not included in any sale. Two Rivers Housing - TwoCan estate agents are advertising this property on behalf of Two Rivers Housing.

Two Rivers Housing are the owners of Twocan and the Centigen brand. 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.