Share Price £38,125 (from 25% Min. Share)
Full Value £152,500 | £1,906 Min. Deposit
Scheme: Shared Ownershipcheck_circle Available now
Lamberts Place - 1 bed apartment in Stamford - Lincolnshire
place 28 Barrowfield Drive, PE9 3DB
1 bedroom maisonette available through Shared Ownership in Stamford, Lincolnshire. Reserve today and have £2,500 paid towards legal fees. T&C's apply*.
To be eligible for shared ownership you would need to meet the following criteria:
• Your household income does not exceed £80,000 (outside of London) and £90,000 (inside of London)
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.
Please note the minimum share you can purchase can vary depending on your financial situation and you may be asked to purchase a larger share, should your personal circumstances permit.
The property itself has a spacious living and kitchen, good sized bedroom and bathroom. To the rear is a small garden and to the side is an allocated off-street parking space.
Set just on the edge of Stamford, offering easy access to the A1, and yet still within easy walking distance of the Town centre, Lamberts Place offers access to fantastic amenities including supermarkets, coffee shops, bars and restaurants, excellent primary and secondary school options and all the many other local shops and services. There are also a wide range of leisure facilities locally including Rutland Water and the prestigious Burghley House.
Lamberts Place offers an excellent opportunity for both first time buyers or anyone who is unable to purchase on the open market but looking to get on to the property ladder now and own their own home.
Prices on this development start from 25% equity share.
You will need a minimum 5% deposit (of the share value) for mortgage purposes plus monies to pay for solicitor fees, moving costs & furnishings.
Pricing & Affordability:
The share options below are based on the full market value of £152,500:
25% share £38,125: Rent £262.11 per month
45% share £68,625: Rent £192.21 per month
60% share £91,500: Rent £139.79 per month
75% share £114,375: Rent £87.37 per month
Service Charge Information:
There is a service charge of approximately £44.19 per month.
Terms and Conditions:
*Incentive only applicable if buyer exchanges within 28 days and completes on Monday 31st May 2021.
- Brand New One Bedroom Ground Floor Maisonette
- Open-plan Living Room/Dining Room & Kitchen
- Gas Hob, Electric Oven
- Gas Central Heating
- Flooring Fitted Throughout
- Allocated Parking for One Car
- Garden to the Rear