Rose Banks in Wells, Somerset

Rose Banks presents a newly unveiled collection of homes, nestled in the quaint village of Haybridge, on the edge of Wells - England's smallest city. This development features a selection of two and three-bedroom homes, each thoughtfully designed to accommodate modern living. The allure of Rose Banks is not just in its contemporary homes but also in its location. It sits in the vicinity of historical delights such as the stunning 13th-century cathedral and offers the charm of city living with a plethora of shops and pubs found in the Wells city centre.

The strategic placement of Rose Banks near the A39 and A37 highways makes it an ideal residence for those seeking convenient travel links to major cities like Bath and Bristol. The financial aspect of securing a home here includes a full market value set at £280,000. Potential homeowners have the option to purchase a minimum share value of 40%, amounting to £112,000, with a minimum deposit requirement of £5,600. The monthly financial commitment would include rent of approximately £385 for the 40% share, alongside an estimated monthly service charge of £30 - a figure that is subject to an annual review.

For those considering making Rose Banks their home, it is important to note that these properties are offered on a leasehold basis, carrying a lengthy lease term of 990 years. Interested parties will need to consider a reservation fee of £500. The council tax band for these new build properties is yet to be established. This cohesive summary offers a factual snapshot of what prospective residents can expect, making Rose Banks a notable consideration for individuals looking to embark on a new chapter of life in a setting that blends historical allure with modern conveniences.