3 Bed Detached House For Sale

The Development

Introducing Bull Street, nestled in the thriving town of Dudley, offering a unique blend of modern living within a historic and vibrant community. This development showcases the best of both worlds, providing an exceptional opportunity for individuals and families to own their dream

home through Shared Ownership. Dudley is well-connected to major roadways, including the M5 motorway, providing swift access to Birmingham, Wolverhampton, and the wider West

Midlands region. This makes Bull Street an excellent choice for those who prefer traveling by car.



The Property

The Brierley is a modern three bed semi-detached new home comprising of a front aspect spacious kitchen/dining and living area featuring French doors to the rear allowing easy

access to the turfed rear garden.

Upstairs you will find three bedrooms and a white fitted family bathroom with shower over the bath.



Prices

The Brierley

Three-bedroom semi-detached house



£55,000 for a 25% share

Monthly rent on remaining share £378.13



£110,000 for a 50% share

Monthly rent on remaining share £252.08



£165,000 for a 75% share

Monthly rent on remaining share £126.04



Prices are subject to change, please use as a guide only until properties are released for sale.



Council Tax TBC - due to these properties being new builds and not being previously occupied the council tax and banding has not yet been set.



Service Charge - A service charge will be charged against the property and is paid monthly with your rent payment.  The service charge is reviewed on an annual basis on April 1st.  This will include Buildings insurance, management and any communal/estate charges that may be covered (if applicable). The service charge displayed is estimated based on the initial assessment of the scheme, please contact the sales consultant for details.



Ground Rent - Not applicable



Homes England Key Information Document - please refer to our website to read through our key information document for this property. This will include pricing details, eligibility and some lease information.



NEXT STEPS:

1. For further information, please download our brochure below.

2. TO APPLY NOW, please make an enquiry to contact Platform Home Ownership, the relevant sales consultant will then send you an application form to complete.

3. Upon receipt of your application, we will refer you for an affordability assessment to determine the most affordable share for you.

4. Once you have passed the affordability assessment, we will then be in contact to confirm the availability.

5. If there is a suitable property we will then issue out your offer letter and advice on how to pay your £250.00 reservation fee for your new home.



Shared Ownership is a fantastic opportunity if you're an unable to purchase a home on the open market. It allows you to buy a share in a property on a part buy/part rent basis and pay a subsidised rent on the part that you do not own. Over time you can purchase more shares in your property - this is known as 'staircasing'. This can be done at any time after initial purchase and it will reduce the amount of rent you pay as the share of the home that you do not own will have got smaller.



We will offer shares between 25-75% of the property value depending on the outcome of the affordability assessment. The higher the share you purchase, the lower your rent will be. You will need to be able to obtain a mortgage for the share you want to purchase unless you have sufficient funds to enable you to purchase a share outright. Deposit amounts will be lower than purchasing a property on the open market also the combined cost of mortgage and rent is often cheaper than privately renting in the area.



For more detailed information and your obligations in relation to shared ownership please download our 'Guide to Shared Ownership'



Am I eligible?



Shared Ownership uses the following criteria to help people to get onto the property ladder:



- Maximum annual household income of £80,000.



- Unable to purchase a home suitable for your needs.



***Please note some images are typical and should be used as a guide only***