King’s Wood Gate, Monmouth, Monmouthshire
King’s Wood Gate is a thriving community of beautiful new homes being built by a range of developers including Taylor Wimpey and Barratts.
Capsel work with these developers to sell a proportion of the homes through the Welsh Government’s very popular Homebuy scheme and, following the success of our early phases at King’s Wood Gate, we are delighted to be able to offer a further collection of fourteen, 2 and 3 bedroom houses to buy.
Buying at King’s Wood Gate
Homebuy (also called shared equity) is a scheme that helps people to buy a new home for a fraction of it’s open market value. It is perfect for those people able to obtain a mortgage, but who cannot afford to buy a property outright on the open market.
So how does it work?
Purchasers will need to be able to obtain a mortgage for as little as 50%, up to a max of 70% of the total value of a property, although it depends on what you can afford. We will then loan you the remaining percentage to buy the property.
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 is 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 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.
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.
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.