Extended & Improved 3 Bed Semi in S13 Rent-2own

£3,995
Location:
Sheffield
Posted: 23/10/2009 11:11

Please read FULL DETAILS before calling Deborah on 07731307100

Move in to your new home within 7 days!

Move in Now and Buy Later with our 'Rent to Buy' Scheme:

Are you fed up with paying rent to your landlord with no prospect of ever owning the property that you’re renting? Do you want to get on the housing ladder but can't get a mortgage or don’t have a big deposit? No problem! Our Rent to Buy Scheme is the answer…..

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This is how it works:

The purchase price is £145,000
Minimum deposit required of £3,995
The normal rent is £495 per month.
You will pay a minimum of £645 per month. Of this amount that you pay each month £495 is your rent, £150 goes towards your deposit to buy the property in the future.

Every month we will add £150 per month towards your deposit.

End of year one

£145,000

-£3995 deposit paid
-£1800 (extra you have paid i.e £150*12)
-£1800 (extra we have paid towards your deposit on your behalf i.e £150*12)

At the end of year one you would owe £137,405
At the end of year two you would owe £133,805
At the end of year three you would owe £130,205

During that time you have saved up a deposit of £14,795 (10.2%)

Any improvements you make to the property you get the benefit.

If the value of the property has increased you also get the benefit.

Now let’s have a look if you pay a bigger deposit and £50 more per month.

£145,000

-£7,250 deposit paid (5%)
-£2,400 (extra you have paid)
-£2,400 (extra we have paid)

At the end of year one you would owe £132,950
At the end of year two you would owe £128,150
At the end of year three you would owe £123,350

During that time you have saved up a deposit of £21,650 (14.93%)

The more you pay the quicker and bigger your deposit.

No mortgage is required until you buy in 2012. (but you can buy at any time)

Price growth and rent deposit payments provide your deposit.

The purchase price is fixed at the outset. You gain from any price growth!

Redecorate, carry out home DIY - YOU benefit from any added value by enhancing YOUR home

This is not a shared ownership or Housing Association scheme

You can move into your new home in as little as 7 days!

Law Society approved solicitor contracts.

We can help you get advice on your mortgage in 2012, or sooner, with your deposit fund.

Move in, and buy later - or walk away! You do not have to buy if you change your mind.

Perfect if you are either;

- A first time buyer struggling to get onto the housing market
- Struggling to raise a large deposit
- Currently renting but want to own your own home
- Have impaired credit and can't raise finance
- Have recently moved to the UK

No mortgage is required whilst renting/buying

Newly decorated
Newly carpeted
Professionally landscaped gardens with carp pond
Pergola and Decking
Shed
Garage

Lounge
Dining Room with tiled floor
Utility Room
Fitted Kitchen with tiled floor and double oven
Entrance Hall
Entrance Porch
Gas Fired Central Heating
Two Double Bedrooms ( one with fitted wardrobes )
One Single Bedroom
Laminate Floor to Landing and Single Bedroom
Bathroom with shower

DESCRIPTION
An effectively extended three bedroom semi detached sitting in a generous sized plot. Situated in this popular residential area with access to the city centre, M1 links and public transport. Having gas central heating and Upvc double glazing, the accommodation briefly comprises of entrance porch, hallway, lounge, dining room, kitchen, utility room, side porch, three bedrooms and bathroom. Externally is a detached garage and gardens to three sides.

For more photos, please view our Facebook page by clicking on the link below:
http://www.facebook.com/pages/Harleston-United-Kingdom/Rent-2Own/169419553583?v=wall&ref=nf