Share Price £38,125 (from 25% Min. Share)

Full Value £152,500 | £1,906 Min. Deposit

Scheme: Shared Ownership

check_circle Available now

Lamberts Place - 1 bed apartment in Stamford - Lincolnshire

place 28 Barrowfield Drive, PE9 3DB

Budget Calculator
Calculate monthly cost help
Sign in to Register Your Interest mail

Sage Housing

favorite_outline Save Property

1 bedroom maisonette available through Shared Ownership in Stamford, Lincolnshire. Reserve today and have £2,500 paid towards legal fees. T&C's apply*.


Eligibility

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.


Description

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.


Key Features

  • 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

Download Documents

Link to the floor plan Energy Certificate
Budget Calculator
arrow_backwards Back to Lamberts Place - 1 bed apartment in Stamford - Lincolnshire

Calculate Monthly Cost

Share price
£ 38,125
Min. £38,125
Share percentage
Min. 25%
Your deposit
Min. £1,906
Monthly cost*
£490
Cost breakdown
£262
Rent
£44
Service charge
£184
Mortgage*
Calculated using a representative rate of 3.64%
help

Sign in to Register Your Interest mail

Sage Housing

favorite_outline Save Property

Location

Disclaimer

The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together:

  • Rent: this is charged on the share you do not own and is usually payable to a housing association (rent is not generally payable on shared equity schemes)
  • Service Charge: covers maintenance costs for the property as a whole and communal areas
  • Mortgage: Share to Buy ltd are specialist Shared Ownership mortgage brokers and we use a database of daily updated mortgage rates to work out the lowest rate available for the deposit amount shown, and then generate an estimated monthly payment on a 25 year capital repayment basis.


NB: this mortgage estimate is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you.