King’s Wood Gate, Monmouth
King’s Wood Gate is a thriving community of beautiful new homes being built by a range of quality developers including Taylor Wimpey and Barratts in Monmouth.
Following the success of our early phases at King’s Wood Gate, we are delighted to be able to offer a further five x two and three bedroom houses being built by Taylor Wimpey, to buy through the popular Homebuy scheme .
Capsel are the trading subsidiary of Monmouthshire Housing Association (MHA) and are operating the Welsh Government’s Homebuy scheme on MHA’s behalf.
Buying at King’s Wood Gate
Homebuy (also called shared equity) is a scheme that enables you to buy a new home for a fraction of what it is worth. It is intended to help those people able to obtain a mortgage, but is unable to buy a property in Monmouthshire to meet their need, on the open market.
So how does it work?
It works by MHA providing you with an equity loan for 30%, 40% or 50% of a property’s full purchase price, you will then need to get a mortgage for the remaining percentage.
Here’s the simple maths…
- House value £205,000
- To purchase a 50% equity share £102,500
- To purchase a 70% equity share £143,500
With shared equity there are no monthly rent to be paid (not to be confused with shared ownership), so your monthly payments are substantially less than if you bought the property outright.
The property will be 100% in your ownership, you just pay the equity loan back, based on the value of your property at the time of resale.
You will need to pass eligibility and affordability assessments and be able to obtain a mortgage.
For more detailed information about Homebuy, click here : http://www.monmouthshirehousing.co.uk/buyyourhome/
All properties include:
Stylish, modern fitted kitchen
Franke Precision Plus Bowl, Pura tap, basket waste, in-line filter and brace
Laminated square edged worktops
Electrolux single fan oven with electronic clock
Electrolux 4 burner, enamel supports gas hob
Electrolux silver chimney cooker hood
Stainless steel splashback above hob and to underside of cooker hood
150mm high worktop wall upstands
Roca Contesta steel bath
Roca super thick front bath panel
Alto dual control bath taps
Roca Debba wall hung basin
Roca Valor pedestal
Aqualisa Quartz chrome electric shower
Roca Debba close coupled WC pan
Half height tiling to all walls
Heating and lighting
Full central heating with thermostatically controlled radiator valves
Lighting points are pendant fitting unless noted
Safety and security
Mains operated smoke detectors
Mains operated Co² alarms
Mains operated doorbell
Ceilings: Flat ceilings painted with white matt emulsion
Walls: White matt emulsion to walls
Timberwork: Gloss finish to timberwork
Depending on the build period, we can offer a range of options on fixtures and fittings so you can personalise your home.
Bids have now been made on all properties below. Should any of the potential purchasers not proceed to purchase, the properties will be re-advertised.
Number of bedrooms
% Share: What you would need a mortgage for
Denford – 133 Ternata Drive
2 bed, end terrace
Denford – 135 Ternata Drive
2 bed, mid terrace
Easedale – 137 Ternata Drive
3 bed, end terrace
Denford – 139 Ternata Drive
2 bed semi det
Denford – 141 Ternata Drive
2 bed semi det
Capsel are the trading subsidiary of Monmouthshire Housing Association. We work with lots of big and small housebuilders to create beautiful new homes in fantastic locations for people to buy.
We operate throughout Monmouthshire; one of the most beautiful and sought after areas to live in the UK, which is great, but the downside of this is that the house prices reflect its’ popularity. This is why schemes like Homebuy that enable you to buy a house for a fraction of it’s price, are a really affordable way to buy a new home.