We aim to help first-time buyers onto the property ladder by providing homes for sale as part of our Low Cost Home Ownership scheme. This scheme helps first-time buyers to purchase a new home for less than the market value so that they don’t need to raise such a big mortgage or deposit.
For sale:
2-bedroom semi-detached house in Cae Newydd, St Nicholas
This beautifully presented two-bedroom semi-detached property offers the ideal blend of comfort, convenience, and style. Situated in a sought-after area with excellent transport links, you’ll enjoy easy access to Cardiff, Cowbridge, and the M4, perfect for commuters and those who love exploring the vibrant local surroundings. Families will appreciate the highly regarded school catchment area.
Step inside to a welcoming entrance hall leading to a modern WC/cloakroom and a spacious lounge-diner, perfect for relaxing or entertaining. The contemporary kitchen features an integrated oven and hob. Upstairs, you’ll find two double bedrooms and a sleek, modern family bathroom. Outside, the property boasts a private driveway and side gated access to a rear garden area, ideal for outdoor dining, play, or simply unwinding in your own private space.
Property description
Price: £206,500* (full price £295,000)
Ownership: Legally you would own 100% of the property for 70%* Market Value via the Homebuy Option/Shared Equity Scheme.
Property Type: 2 bedroom semi-detached home
Address: Cae Newydd, St Nicholas, Vale of Glamorgan
Entrance Hallway: WC/cloakroom, spacious lounge with dining area with French doors leading to rear garden, understairs cupboard.
Kitchen: Fitted kitchen, integrated hob, electric oven with grill and extractor fan, space for washing machine and fridge freezer. Combi boiler.
First floor: Main bedroom, second bedroom with storage cupboard and a modern three piece family bathroom with overhead shower.
Outside: Private parking with own gated side access to rear garden.
Additional information: Freehold. All mains services connected. EPC Rating; ‘B’. Council Tax is Band D.
For sale:
2-bedroom second floor apartment in Ffordd Penrhyn, Barry
Well presented, purpose built two-bedroom top (second) floor apartment with allocated parking space.
The property is just a 5-minute walk from Barry Island beach, The Knap, and various coastal walks. Local amenities such as Barry and Barry Island train stations, bus stops, supermarkets, Goodsheds, and local amenities are within easy reach.
The property encompasses a communal entrance and hallway with a security intercom, fire door leading to the front door, the hallway then leads to two double bedrooms (one with an en-suite), family bathroom and open plan kitchen and living/dining area. The property has gas central heating, communal bin storage with security padlock, UPVC glazing, two Juliet balconies and approximately 120 years remaining on the lease.
Property description
Price: £108,500* (£155,000 full market value)
Ownership: Legally you would own 100% of the property for 70%* Market. Value via the Homebuy Option/Shared Equity Scheme.
Property Type: 2 bedroom, 2 bathroom top floor apartment for sale
Address: Ffordd Penrhyn, Barry, CF62 5DH
Entrance Hallway: Laminate flooring, doors leading to bedrooms one and two, family bathroom, kitchen and storage cupboard. Intercom system
Kitchen: 295cm x 260cm
Fitted vinyl flooring, breakfast bar, smoke detector, integrated cooker and gas hob, extractor hood and extractor fan. Sink, under sink storage and fitted cupboard storage. Space for washing machine and fridge/freezer.
Living area: 295cm x 360cm
Grey laminate flooring, two wall mounted radiators, storage cupboard with combination boiler. UPVC doubled glazed window leading to Juliet balcony.
Bathroom: 155cm x 230cm
Vent extractor, fitted vinyl flooring, ceramic tiles, bath, toilet and pedestal hand wash basin.
Master Bedroom: 270cm x 280cm (extra 57cm if including space where UPVC door is)
Black carpet and thick underlay flooring, wall mounted radiator, UPVC double glazed window leading to Juliet balcony, en-suite.
En-Suite: 152cm x 162cm
Fitted vinyl flooring, vent extractor, wall mounted radiator, shower, ceramic tiling, toilet and pedestal hand wash basin.
Bedroom two: 250cm x 260cm
Black carpet with thick underlay flooring, UPVC double glazed window. Wall mounted radiator.
For sale:
2-bedroom first floor apartment in Ffordd Penrhyn, Barry (SSTC)
Well presented, purpose built two-bedroom first floor apartment with allocated parking space.
The property is just a 5-minute walk from Barry Island beach, the Knap, and various coastal walks. Barry and Barry Island train stations, bus stops, supermarkets, Goodsheds, and local amenities are nearby.
The property encompasses a communal entrance and hallway with a security intercom, fire door leading to the front door, the hallway then leads to two bedrooms (one with an en-suite), family bathroom and open plan kitchen and living/dining area. The property has gas central heating, communal bin storage, UPVC glazing. Approximately 989 years remaining on the Lease.
Property description
Price: £112,000* (£160,000 full market value)
Ownership: Legally you would own 100% of the property for 70%* Market Value via the Homebuy Option/Shared Equity Scheme.
Property Type: 2 bedroom, 2 bathroom first floor apartment for sale
Address: Ffordd Penrhyn, Barry, CF62 5DH
Entrance Hallway: Vinyl flooring, doors leading to bedrooms one and two, family bathroom, kitchen and storage cupboard, wall mounted radiator, Intercom system.
Kitchen:
Vinyl flooring, breakfast bar, smoke detector, integrated cooker and gas hob, extractor hood and extractor fan. Sink, under sink storage and fitted cupboard storage. Space for washing machine and fridge/freezer. Storage cupboard with combination boiler.
Living area:
Vinyl flooring, two wall mounted radiators. UPVC doubled glazed window with door leading to Juliet Balcony.
Bathroom:
Vent extractor, fitted vinyl flooring, ceramic tiles, bath, toilet and pedestal hand wash basin. Wall mounted radiator.
Master Bedroom:
Carpet flooring, wall mounted radiator, UPVC double glazed window, en-suite.
En-Suite:
Vinyl flooring, vent extractor, wall mounted radiator, shower, ceramic tiling, toilet and pedestal hand wash basin.
Bedroom two:
Vinyl flooring, UPVC double glazed window. Wall mounted radiator.
Low Cost Ownership scheme
This scheme helps first-time buyers to purchase a new home for less than the market value so that they don’t need to raise such a big mortgage or deposit.
Who is eligible?
To be eligible applicants need to:
- Be over the age of 18
- Be a first-time buyer (consideration will also be given to those who have previously owned a property but have sold it, for example as a result of divorce)
- Be a UK or EU/EEA passport holder or have indefinite leave to remain in the UK
- Be able to raise a mortgage and be able to afford the financial costs of purchasing a property and paying a mortgage
- Use the property as your main residence
- Either be living or working in the county of the property or for those leaving the Armed Forces to have lived in the area for six months prior to joining
The home that you buy from us will be brand new and usually built by a private housebuilder as part of a larger private development. We have varied purchasing opportunities at any given time, however most of the time the properties will be flats.
We will provide a loan to you, traditionally around 30% of the value of the property. You won’t need to pay any rent or interest on this but will need to repay the loan once you sell your home. You would need to raise the remaining 70% through a mortgage or any savings you may have. For example, if you wished to buy a property that was valued at £140,000, a 30% equity loan would be worth £42,000. The remaining 70% balance would be £98,000.
Once you have purchased, the equity loan will be secured on your property as a charge in favour of Hafod. Our charge will be ranked as second and immediately behind your first (conventional) mortgage if you have one.
You can repay the charge at any time, but you only have to repay it when you sell the property on in the future. The repayment can only be made in one lump sum, i.e. you cannot pay it back in installments or make monthly payments.
The amount you repay is linked to the value of your property at the time of repayment. In order to establish your property’s value you will have to pay for an independent valuation to be carried out by a RICS qualified surveyor.
Once the value of your home is agreed you will then need to repay the relevant percentage (usually 30%) of that figure to us. For example, lets say that you purchased a property from Hafod for £100,000 and you received £30,000 toward the price which is equal to 30% of the purchase price.
If you wanted to repay after five years and your property was valued at £115,000 you would need to repay to Hafod £34,500 which is 30% of the new value.