- Terraced houses
- Allocated parking
Tenure
Knowing the tenure of the property is important because it affects your rights to use the property and the costs of ownership.
Freehold means you’ll own the property and the land it's built on. You'll usually be responsible for the maintenance of the property and have more freedom to alter it.
For flats and maisonettes, the freehold is sometimes shared with other properties in the same building. This is known as a share of freehold.
Leasehold means you'll have the right to live in the home for a set amount of years (specified in the lease). The landlord (the freeholder) owns the land, and if the lease runs out, ownership of the property will go back to them. Lease lengths that are less than 80 years tend to be more complicated and can cause issues with mortgage lenders.
You can extend a lease but this can be expensive. If you'd like to make changes to the property, you'll likely need the landlord’s permission. You're also likely to have to pay an annual amount for ground rent and services charges which can be subject to change. It is good practice to check additional leasehold costs that will apply to the property and factor this into your budget considerations.
Shared ownership is a form of leasehold in which you buy a percentage of the property and pay rent on the share you do not own. You may be able to buy the remaining share at an extra cost. When you wish to sell the property, you may need permission to do so.
Commonhold is a type of freehold ownership for a property that's within a development. A commonhold or residents’ association owns and manages the common parts of the property (like stairs and hallways). You'll need to join the commonhold association and contribute towards maintaining the development. It is good practice to check additional costs that will apply to the property and factor this into your budget considerations.
Features and description
- Freehold
- Two parking spaces
- Show home open
- 10 year warranty
- Main bedroom suite
- Ultrafast broadband
- Part of the award winning Heritage Collection
Simple yet stylish, compact yet undeniably chic, this home enjoys a spacious lounge, open plan kitchen/dining room and cloakroom downstairs. Upstairs there are 3 generous bedrooms, an en-suite to bedroom 1 and a well appointed family bathroom.
Part of the Heritage Collection, The Ledbury embraces the best of the old and new. Traditional exteriors are enhanced by the contemporary style and modern features you’ll find inside. These superb homes offer the perfect combination of quality and value, space and savings, all created with the same high levels of craftsmanship that set all Redrow homes apart.
*This listing relates to plot 78.
*Please note some of these images are CGI or previous Redrow showhomes and are therefore indicative.
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