Minimum 50% equity sale – options to purchase 50%, 60% or 70% of the full market value
Applicants must meet the eligibility criteria & express an interest via the Homesearch website – please see information below
The Larch
This gorgeous three-bedroom semi-detached property is located on the new Nant Y Castell development in Caldicot with a large, fitted kitchen and dining area, great for family meals and entertaining. There is a spacious lounge to relax at the end of the day as well as a downstairs wet room for convenience. Upstairs has two generous bedrooms plus a single bedroom and family bathroom. The home has gas central heating and will be decorated in shades of grey and white. The garden at the rear is turfed and comes complete with a garden shed for all your tools and a patio area for alfresco dining. There is a driveway with parking for three cars and the development will be completed during Summer 2024. Do not visit the site without prior arrangement.
Caldicot offers both high street and local shops. There are excellent schools both primary and secondary, great transport links to Cardiff, London and The Midlands and beautiful surrounding countryside for walks. If you head up the hill to Caldicot Castle you are rewarded with stunning, far-reaching views towards the Severn Estuary.
‘Buyers must register as an applicant at Monmouthshire Homesearch. Please register at https://www.monmouthshirehomesearch.co.uk/assess/ & select ‘buying a home’ to start your application. Once registered you can place a ‘bid’ on the advertised Low-Cost Home Ownership property to express your interest.
100% Sales Value £295,000
50% Sales Value £147,500 (minimum)
Priority to applicants with connection to Monmouthshire, who maximize property size for occupancy, in order of registration date, AND who meet eligibility criteria for Low-Cost Home Ownership. This is a Home Buy property (shared equity). Property has a full market value of £295,000. Min equity purchase 50% (£147,500). Part of the Nant Y Castell Development.
For more information, please visit https://www.monmouthshirehousing.co.uk/buyyourhome/
Further information
Please note: For guidance, please visit Homesearch Applicants Guide: https://www.monmouthshirehomesearch.co.uk/choice/content.aspx?pageid=25 You should take independent financial advice on accessing a HomeBuy mortgage before placing a bid. You will be required to submit proofs after advert closes, in support of your assessment & eligibility checks, by a strict deadline. Proofs requested will include Mortgage in Principle offer, photo ID, evidence of deposit, household income, size & local connection. Purchaser must buy min. 50% of full market value (either 50%, 60% or 70% purchase available). Failure to submit all proofs by deadline will result in application not being considered. (Affordability calculation based on 3.7/3.5 x salary of single/joint applicants plus deposit)
To express your interest, please register on the HomeBuy website and you will be contacted by a member of the Homesearch Team.
