3 Bed House For Sale

Rent-to-Own (Lease-Option) – Fixed Price £150,000

Luscombe Sales and Lettings are pleased to present this 3 bedroom mid terraced house located in Hengoed. Close to amenities and shops with easy access to Ystrad Mynach village and public transport and just a short walk to Glyn-Gaer Primary School.
The property comprises of entrance hall with stairs to the first floor. Large open plan living/dining room leading onto the kitchen. Downstairs bathroom with shower over bath. To the first floor you have 1 double bedroom and two single bedrooms and a w/c. Rear enclosed garden and front forecourt.
Monthly rent £700
Holding deposit - £160
Council Tax Band b
EPC Rating C
Heating type - Gas central heating

Rent-to-Own (Lease-Option) – Fixed Price £150,000
Become a homeowner in 24 months. Live in the home now, save as you rent, and buy at a fixed price of £150,000 any time in the 2-year option period.
Key points
• Upfront option fee (your stake): £8,000 (credited towards your purchase)
• Monthly: normal rent + £300 “top-up” (the top-up is saved for you)
• Price fixed for 24 months: £150,000
• Make it yours: decorate, refurbish, add value during your tenancy
• Ideal for: renters who need time to save a deposit or tidy up credit

How it works (simple steps)
1. Reserve & move in: Pay the £8,000 option fee (credited to you if/when you buy).
2. Save as you rent: Each month you pay rent + £300 top-up (we ring-fence the top-ups for you).
3. Build your deposit: After 24 months you’ll have £8,000 + £300×24 = £15,200 saved.

o That’s just over 10% of the £150,000 price (10% = £15,000).

4. Get your mortgage: Use your 10%+ deposit to apply for a mortgage and complete the purchase.
5. Bonus upside: If you’ve added value and the market value is now above £150,000, the gain is yours.

The rental will be handled by Luscombe Sales and Lettings and the Lease option agreement will be handled by solicitors.
You will also need to seek your own independent legal advice and speak to a mortgage broker.