3 bedroom house for sale
Available
17 Burr Close, Stowupland, IP14 4FJ
£127,125 · Shared Ownership New Build

Share percentage 45%, full price £282,500, £6,356 Min Deposit.

Available
3 bedrooms
Floor plan
Floor plan
£127,125 Shared Ownership New Build · Eligibility Eligibility

Share percentage 45%, full price £282,500, £6,356 Min Deposit.

Monthly Cost: £1,039
Rent £356, Service charge £50, Mortgage £633*

Calculated using a representative rate of 3.94%

Calculate estimated monthly costs

£
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.
Summary

Wonderful 3 bedroom house in the Oak Farm Meadow development. The price advertised represents purchasing a 45% share of the home.

Description

Wonderful 3 bedroom house in the Oak Farm Meadow development. The price advertised represents purchasing a 45% share of the home.

About the Development

Oak Farm Meadow is an exciting new development that will be offering a selection of 2 and 3 semi detached and terraced houses. Located on the edge of the B1115 which leads onto the A14, this prime location could be a great place to buy a shared ownership property.

Being situated on the edge of the town of Stowmarket, combine contemporary and comfortable living with the opportunity to walk to local amenities but also enjoy the rural surroundings.

About the Home

This plot is a brand new 3 bedroom semi detached house. Upon entry there long hallway that leads on one side to the separate kitchen. The ground floor also has a WC and Storage cupboard. Furthermore, there is an open plan Living/Dining room, perfect for entertaining

On the first floor there are three bedrooms with large windows providing bright light. This floor is also presented with the three piece bathroom with shower over bath.

About the Area

Oak Farm Meadow is located in the lovely village of Stowupland which boasts its own various amenities including a village hall and petrol station. Further out of the Village and closer to Stowmarket are further amenities including a leisure centre and schools for those with young families.

Shared Ownership

The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller upfront payment. With Shared Ownership, you buy a share of your home using a mortgage from a bank or building society and pay a subsidised rent on the share you did not purchase. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright. You can buy a minimum 45% share of your home (the maximum you can buy initially is 75%). When you’re ready, you can buy more shares until you staircase to owning 100% of your home.

T&Cs

*Please note images are for information purposes only and may not represent a true likeness for the units being sold. Some or all images have been digitally furnished to represent how the home could be laid out and the final colours/appearance may differ from the images.

*Services Charges will apply, speak to our Sales Agent for more information. Costs are subject to change.

Key Features
  1. 3 bedroom semi-detached house
  2. Storage space
  3. Flooring throughout
  4. Separate Kitchen
  5. Integrated hob
  6. Open plan living
  7. 3 piece bathroom with shower over bath
  8. There will be an added service charge
Property Downloads
Floor Plan Energy Certificate
Map
Epping (51.76 miles) Theydon Bois (53.10 miles) Harold Wood (53.33 miles)
Monthly Cost Calculator

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together, rent, service charge and mortgage.

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  • 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.

£127,125
Shared Ownership New Build
Estimated Monthly Cost:£1,039
Rent £356
Service Charge £50
Mortgage £633

Share percentage 45%, full price £282,500, £6,356 Min Deposit. Calculated using a representative rate of 3.94%


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.