3 bedroom house for sale

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3 bedroom house for sale

Glyn Gaer Road, Glyn Gaer, Hengoed
£150,000

Our Summary

  • Key points• Upfront option fee (your stake): £8,000 (credited towards your purchase)• Monthly: normal rent + £300 “top-up” (the top-up is saved for you)• Price fixed for 24 months: £150,000• Make it yours: decorate, refurbish, add value during your tenancy• Ideal for: renters who need time to save a deposit or tidy up creditHow it works (simple steps)1

Description

This 3-bedroom mid-terraced house in Hengoed is being offered as a rent-to-own property with a fixed price of £150,000. The property features an open-plan living/dining room, kitchen, downstairs bathroom, and three bedrooms on the first floor. The property also has a rear enclosed garden and front forecourt. The monthly rent is £700, and a holding deposit of £160 is required. The rent-to-own option allows the tenant to save as they rent, with £300 per month being ring-fenced towards the purchase. After 24 months, the tenant will have a total of £15,200 saved, which is over 10% of the purchase price. The tenant can then use this deposit to apply for a mortgage and complete the purchase. Additionally, if the property's value has increased during the rental period, the tenant will benefit from the gain.