Share Price £155,000 (from 50% Min. Share)

Full Value £310,000 | £7,750 Min. Deposit

Scheme: Shared Ownership

Under offer

Meadow Vale, Buntingford - 2 bed house in Buntingford - Hertfordshire

place Gallon Drive, SG9 9JD

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All properties reserved!


Eligibility

Applicants must have a local connection to East Herts i.e. currently living in the area, working in the area, or have a close relative living in the area.


Description

All properties reserved! Contact us today to be added to the waiting list, should a property return to the market.

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Final 2-bedroom house remaining - available through Shared Ownership, from a 50% share. Full Market Value: £310,000

This development can be found in the beautiful new Wheatley Homes development Meadow Vale is located in the historic market town of Buntingford, a few hundred feet from the High Street.

Local Information

Buntingford is a historic market town with a high street of independent shops and boutiques. There is also a good variety of restaurants too. It has good transport links with the A10 connecting the town to London and Cambridge. The town also offers two good primary schools and a secondary school with a college and sixth form.

Eligibility

Applicants are required to have a local connection to the area. Please check with the sales team for more info.

This scheme allows you to buy a share in property between 25% - 75% of the purchase price, you then pay a low-cost rent on the remaining share. It can often be an affordable alternative to renting or buying on the open market. Unlike purchasing on the open market, you don’t need to raise a deposit based on 100% value of the property, just for the share that you are purchasing. Am I eligible? To be eligible for a home being offered under the Shared Ownership scheme, you will need to be registered with Help to Buy South and want to live in Hampshire & Isle of Wight, Wiltshire, Berkshire, Oxfordshire, Gloucestershire, Mendip, Bristol, Bath & North East Somerset or North Somerset. • You must have a household income of less than £80,000 per year. • Have access to savings of approximately £2,500 to cover your fees as well as savings towards your mortgage deposit • If an existing homeowner or shared owner, your current property must be at sale agreed before you can reserve. You may need to demonstrate that you are in housing need and have the support of your local authority. The Help to Buy Equity Loan scheme may be an alternative option which can assist existing homeowners wanting to step up the property ladder.


Key Features

Kitchen

· Integrated oven

· Integrated gas hob

· Chimney hood extractor fan

· Washing machine

· Integrated fridge freezer

· Downlights

· Under unit pelmet lights

· Wall and base units – Nobilla matt white colour

· Laminate worktops with matching upstand – black granite colour

· Stainless steel cupboard door handles

· Tarkett plank flooring to kitchen / dining area

Bathroom

· Shower over bath – thermostatic mixer taps, shower head and riser rail

· Glass shower screen

· Chrome heated towel rail

· White sanitaryware

· Chrome fixtures / fittings

· Downlights

· Mirror

· Shaver point

· Vinyl sheet flooring (to WC as well) – grey tile effect

Heating

· Gas central heating – combi boiler

External

· Lighting to front and rear

Other

· Carpets included to living area, stairs, landing and bedrooms


Download Documents

Link to the floor plan

Accessibility

C – Lifetime Homes

Meets the space standards of the Lifetime Homes developed by the Joseph Rowntree Foundation. Designed to meet the space standards of Lifetime Homes. Main features include a level approach/entrance and wider doorways. This category will capture all new general needs housing built to Lifetime Homes standards. Properties achieving this category will not necessarily meet all Lifetime Homes design guidance as the LAHR framework does not assess features other than space and access. Properties may have an internal flight of stairs. If so, these will be wide enough to accommodate future provision of a stair lift subject to technical feasibility.


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Calculate Monthly Cost

Share price
£ 155,000
Min. £155,000
Share percentage
Min. 50%
Your deposit
Min. £7,750
Monthly cost*
£1,177
Cost breakdown
£355
Rent
£50
Service charge
£772
Mortgage*
Calculated using a representative rate of 3.94%
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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.