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The Cedar - 3 Bedroom Houses **£500 Cashback available**
Midland Heart at Dracan Village, Drakelow Park, Walton Road, Burton-on-Trent, DE15 9US
- Available Now - Brand New 3 Bedroom Homes - Semi-detached and Terraced houses available
- ^£500 Cashback available plots 340 & 341
- Prices start from £56,250 for a 25% share* - Plots 340 & 341 only
- Prices start from £78,750 for a 35% share* - Plot 339 only
- Prices start from £101,250 for a 45% share* on all other plots
- Located at Drakelow Park, near to Burton on Trent
- New Shared Ownership scheme with a 990 year lease
These desirable properties are located on a new Countryside development called Dracan Village at Drakelow Park, a new neighbourhood less than 4 miles south of Burton on Trent.
Our homes are only available to buy on Shared Ownership. The opportunity to buy more shares to own 100% of the property in the future.
^£500 Cashback subject to terms and conditions and only payable upon completion, on or before 31st March 2024. Only available on plots 340 & 341.
- Entrance Hall
- Modern fitted Kitchen with oven, hob & hood
- Downstairs WC
- Lounge/Dining room with French doors to rear garden
- Three Bedrooms
- Bathroom with shower over the bath
- Gas-fired central heating
- Flooring/carpets throughout
- Turfed rear garden
- Parking for 2 vehicles
The Cedar - 3 Bedroom House
Shares available from 25% to 75%*
£225,000 (100%)
25% share £56,250 Rent = £386.72
35% share £78,750 Rent = £335.16
45% share £101,250 Rent = £283.59
75% share £168,750 Rent = £128.91
Plus the following monthly charges:
Management Charge: £22.00
Buildings Insurance: £14.76
Service/Estate Charge: £3.20
The opportunity to buy more shares to own 100% of the property in the future
*Minimum share available varies depending upon plot. Maximum share for initial purchase 75%; Actual share purchase will be determined by financial assessment and individual circumstances in accordance with the HCA guidelines. Alternative shares are available upon request & will be determined by the applicant’s affordability & target share being met.
Please contact us by scrolling to the bottom of this page and filling out the 'Contact Us' form
Please ensure you include:
- Your total annual household income
- Your total household savings for house purchase
The Cedar 3 Bed Brochure & Floor Plan
pdf - 2387Kb
New Shared Ownership Lease
pdf - 3681Kb
The best way to get in touch is to complete the 'Contact Us' form below.
You can also call us on 0800 44 55 67.
If you wish to register your interest please ensure you include:
Your total annual household income
Your total household savings for house purchase
Shared Ownership is ideal for first time buyers, or anyone who qualifies, and cannot afford to buy outright to get onto the property ladder. It is great if you have limited savings, as you only need a deposit for the share you buy.
All interested parties are required to check they meet the criteria for Shared Ownership as set out at GOV.UK.
Shared Ownership homes provided through the new Shared Ownership and Affordable Homes Programme 2021 to 2026.
*Minimum share available varies depending upon plot. Maximum share for initial purchase 75%; Actual share purchase will be determined by financial assessment and individual circumstances in accordance with the HCA guidelines. Alternative shares are available upon request & will be determined by the applicant’s affordability & target share being met.
An additional monthly rental charge applies that includes rent, buildings insurance and management charge but excludes any mortgage payment.
^Any images/photographs shown are for illustrative purposes only.
>Floor plans depict a typical layout of the house types and are for illustrative purposes only. They are not intended to be used for carpet sizes, appliance sizes or items of furniture. For exact plot specification, please speak with our Sales Adviser. Some properties may be a mirror image of the plan shown & some aspects may differ.
