3 Bedrooms for sale in Church Farm, Rode, Rode BA11 | £ 205,000
Overview
| Price: | £ 205,000 |
|---|---|
| Contract type: | For Sale |
| Type: | |
| County: | Somerset |
| Town: | Frome |
| Postcode: | BA11 |
| Address: | Church Farm, Rode, Rode BA11 |
| Bathrooms: | 0 |
| Bedrooms: | 3 |
Property Description
Who is heylo?
Launched in September 2014, heylo has created one of the largest home ownership programmes in the UK, offering a number of different routes to ensuring owning your own home is accessible.
Heylo is working in partnership with Autograph Homes, offering Home Reach, a part-buy-part-rent option on new build properties.
What is Home Reach?
Home Reach is about making home ownership accessible!
With Home Reach, you buy a share of your chosen home and pay a low monthly rent on the part you don’t buy. You get to choose whether you buy a bigger share of a cheaper home or a smaller share of a more expensive home.
You can initially purchase up to 75% of your chosen home on Church Farm, Rode and heylo will become your landlord, granting you a 125-year lease. This means you will be able to live in your home as if you’ve bought it outright. You can buy more of your home in the future and stop paying rent on that part.
6 Reasons for using Home Reach
1. An affordable way to get onto the housing ladder
2. Provides security of home ownership
3. Freedom to decorate and improve your home
4. Ability to increase the level of ownership at any time
5. Flexibility to sell and move at any time
6. Benefit from any increase in property prices
Eligibility
You are eligible to purchase through Home Reach at Church Farm, Rode if:
• Your household income does not exceed £80,000 per annum
• You have a deposit (at least 5% of the share value)
• You are a first-time buyer or used to own a home, but cannot afford to buy outright now
• You currently occupy a shared ownership property and are looking to move
• The shared ownership property will be your principle and only home
• You have passed a financial assessment, demonstrating you are financially able to purchase the minimum share value and support the monthly costs
Property Location
Property Marketed by Cobb Farr Residential
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