Property description
*** AVAILABLE NOW *** Intermediate Rent
This property is part of a government-approved affordable housing scheme and is offered at 20% below the current market rent. Intermediate Rent is designed to support eligible households by reducing monthly housing costs, helping tenants save towards a deposit to purchase a home of their own in the future.
The tenancy will be offered on a monthly rolling basis, providing tenants with greater flexibility to end their tenancy once they are ready to move on and purchase a property.
The property is intended to provide short to medium-term affordable rented accommodation for a maximum period of five years. At the end of this period, the tenancy will be reviewed and may be extended if the tenant continues to meet the Intermediate Rent eligibility criteria.
The security deposit is capped at one month’s rent, helping to keep upfront moving costs lower than a standard market rent property, where the deposit is usually capped at five weeks’ rent.
Eligibility criteria
- Applicants must currently be employed or live within the same borough as the property.
- All tenants aged 18 or over must be in employment.
- Minimum household income: £22,800 - based on the advertised rent of £760 per calendar month.
- Maximum household income: £67,000 per annum.
- Property size entitlement will be assessed based on the household composition.
Please note: This property is available to rent only. There is no Right to Buy or purchase option attached to this property, and rent paid to the landlord will not contribute towards the purchase of this home. The scheme is intended to help tenants save towards buying a separate property in the future.
Council Tax band - B Council Tax Band: Holding Deposit: £175.00
Key features
1 Bedroom
1 Bathroom
Flats / Apartments - Apartment
Unfurnished
More features
Available Now | One bedroom | City Centre | Secure Entry | Well Presented | Modern | Call to View
More details
- Property type
- Flats / Apartments - Apartment
- Size
- Not specified
- Monthly price
- £760
- Weekly price
- £175
- Available from
- Now
- Bedrooms
- 1
- Bathrooms
- 1
- Furnishing
- Unfurnished
Map
This listing is located at Butts, Coventry, CV1, Coventry.