Property description
This well presented 3 bedroom home is available on the Rent to Buy scheme. The property comprises of kitchen, open plan living and dining area and a good sized rear paved patio area.
To the first floor there are 3 bedrooms with family bathroom. Garage in seperate block.
The Rent to Buy scheme
The ultimate aim of the scheme is to allow you to take advantage of the reduced market
rent in the 5 year term, allowing you to save for a deposit. After 5 years, if the property is
not purchased, the rent will increase to be in line with full Market Rent. At the end of the
5 year term, you will have first refusal to buy the property, subject to meeting the criteria
and financial qualification. The sale of the property will always be agreed at Market Value,
established by a qualified, RICS valuer.
The 4 key eligibility requirements for this scheme are:
1. The property must be your only home
2. At least one member of your household needs to be in paid employment
3. The rent should utilise 25% - 45% of your household income
4. If you are an existing homeowner, you may be eligible, for example,
if due to a relationship breakdown
The 3 Step process is outlined below:
1. Complete the Rent to Buy application form and to return to the Sales & Lettings Team
2. A Financial Advisor will make contact with you.
You will need to provide the documentation they require.
3. Once you are financially approved, you can choose your new home!
Key features
3 Bedrooms
1 Bathroom
Houses - End of Terrace
Not Specified
More features
Superb Location Close to All Local Amenities | Spacious Family Home | Large Living & Dining Space | Kitchen to Rear of Property | Three Good Size Bedroom | Family Bathroom | Outside Patio Area | Garage in Seperate Block
More details
- Property type
- Houses - End of Terrace
- Size
- Not specified
- Monthly price
- £680
- Weekly price
- £157
- Available from
- Ask Landlord
- Bedrooms
- 3
- Bathrooms
- 1
- Furnishing
- Not Specified
Map
This listing is located at Redlands, Houghton Le Spring, County Durham, DH4, Houghton le Spring.