This is a shared equity scheme, which enables those on a lower income, to own their own home by acquiring between 60% and 80% of a new build 2 or 3 bedroom Villa. To be eligible for one of these properties, you will have to meet at least ONE of the following criteria:
• First time buyer
• Existing tenant of any Local Authority or Housing Association
• Disabled homeowner whose current home is no longer suitable for their needs.
• Those with particular needs who are unable to purchase a suitable property.
• Existing or previous homeowners unable to sustain or move back into home ownership due to significant changes in their household circumstances (ie divorce, separation or death of a spouse)
• Current homeowners whose homes are subject to regeneration proposals, which mean their home will be demolished

LOCATION:

Honeygreen is located to the north of the city centre and is close to the new Morrison’s supermarket at Forfar Road. The development is close to primary schools and there are good bus links to the city centre.

DESCRIPTION:

There are fourteen stylish Semi-Detached properties at our Honeygreen Road, Dundee development available for Shared Equity. There is a choice of two or three bedroom homes. The new homes are extremely well insulated and are economic to heat. All the new homes are designed to meet Tayside Police’s “Secured by Design” scheme, including doors, windows and 1.8 meter fencing to rear gardens. Ten year NHBC warranty.

SPECIFICATION:

Bedrooms
Fitted with built-in wardrobes

Bathrooms
Fitted with white sanitaryware, tiled shower area

Kitchens
Fitted with Rixonway wall and base units

Utility Area
Space for washing machine and dryer

Windows
High performance timber double glazed windows with fully reversible mechanism.

Heating and Hot Water
Gas central heating and hot water system with plumbed in over-bath shower.

Parking and Landscaping
All homes have large private gardens to rear with two in-curtilage car parking spaces to front. There is also a factoring charge for the maintenance of common landscaping

PRICE OF PROPERTIES

The full value of each property and minimum equity share you can purchase is as follows:

2 bedroom semi-detached villas are valued at £110,000
A 60% share will cost £66,000 and an 80% stake will cost £88,000

3 bedroom semi-detached villas are valued at £125,000
A 60% share will cost £75,000 and an 80% stake will cost £100,000

Please note that your stake can be no less than 60% or no more than 80%.

FURTHER INFORMATION & VIEWINGS:
For an information pack, including shared equity application form, fact sheet and brochure, please contact Miller Hendry Property Shop on 01382 200301.

Home In Scotland is a charity registered in Scotland – Scottish Charity No. SC005247