South Central, Birmingham

Property Details: • Type: Apartment • Tenure: Leasehold • Floor Area: N/A

Key Features: • First homes scheme • One bedroom apartments available • Purchase at 70% market value with prices starting from £154,000 • No rent payable on the 30% not purchased • A range of amenities such as a concierge, gym, community room, roof top terrace area • Ready to view and move into now • 250 year leasehold • Available to first time buyers only

Location: • Nearest Station: N/A • Distance to Station: N/A

Agent Information: • Address: 145 Great Charles Street Queensway Birmingham B3 3LP

Full Description: SUMMARY*FIRST HOMES SCHEME* Modern city living in a prime location. Turn the key to your new apartment in 2026. South Central offers a selection of stylish one bedroom apartments featuring open plan layouts and high-quality finishes and a range of amenities. Book your viewing today for our show home.DESCRIPTIONSouth Central offers just a small selection of one & two bedroom apartments available to purchase via the First Homes scheme. These apartments are situated within the brand new landmark 30-storey building. There are a range of facilities shared across the whole development to create a unique sense of community, including a concierge, community room, a gym, and a roof terrace area. Residents have a secure entrance with access to the building's post room and a secured pick-up area for added convenience. There is an internal bike storage that can accommodate around 76 bikes.The property has excellent future connectivity via the metro system to other key transport hubs and locations around the city. The development is in the Southside area of Birmingham, enjoying an excellent city centre location with primary access via Bristol Street/ Suffolk Street Queensway.These apartments have a 250 year leasehold, peppercorn ground rent (£0), and are ready to view and move into now.One Bed Apartments Available  PLOT 2/ PLOT 3 / PLOT 4 / PLOT 7 / One bedroom apartments 439-521 SQFTPrice Example For First Homes  Full market value - £220,00070% discount market value - £154,000 No rent payable on the 30% share not owned Service charge per annum - £1,275.49First Homes Scheme Explained The First Homes scheme is a policy that provides discounted homes to eligible buyers in England who otherwise wouldn’t be able to afford one.Under this scheme, first-time buyers can buy a new-build home at South Central, at a discount of 30% on the homes full market value. These properties must be purchased by first-time buyers. If buying as a couple, neither partner can have previously owned a home. Otherwise, the properties are bought and sold as normal.If and when the first-time buyer decides to sell the property, the home will be independently valued, and the scheme discount will be re-applied to this new value for the next owner.The following criteria apply to all purchasers involved in buying the home:You must be a first-time buyer.You’ll also need to buy within your local area, with the intention of living in the property (it cannot be a holiday home or buy-to-let).Your combined income must not exceed £80,000. The scheme requires first time buyers to purchase their property that covers at least half of the purchase value. With the discount in place, the mortgage requirement will be lower.How To Apply  Contact Connells New Homes: Let us know you're interested in buying a First Home. You will be expected to complete an affordability assesment with our friendly mortgage advisors who will assess your affordability to purchase. Apply through the developer: Our advisors will take you through the necessary steps to submit your application and we are able to do this on your behalf. This will include proving that you are a first-time buyer, which a solicitor can do for you through land registry searches. You need to pay a fee if the First Home you want to purchase is a new build. Once the application is successful the fee payable is £500. Get the authority to proceed: If your application is successful, Birmingham City Council will send you an Authority to Proceed and Eligibility Certificate. You’ll need to give these to your solicitor and mortgage provider (or broker) so that they can start next steps.We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale. 2: These particulars do not constitute part or all of an offer or contract. 3: The measurements indicated are supplied for guidance only and as such must be considered incorrect. 4: Potential buyers are advised to recheck the measurements before committing to any expense. 5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances. 6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.BrochuresPDF Property ParticularsFull Details