2 bedroom house for sale

Available

18 Skylark Way, , CO10 9FX

£157,500 · Shared Ownership New Build

Share percentage 50%, full price £315,000, £7,875 Min Deposit.

Available
2 bedrooms
Floor plan
floor-plan
Floor plan
floor-plan
£157,500 Shared Ownership New Build · Eligibility Eligibility

Share percentage 50%, full price £315,000, £7,875 Min Deposit.

Monthly Cost: £1,194
Rent £361, Service charge £50, Mortgage £783*

Calculated using a representative rate of 3.92%

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

Brand new 2 bedroom semi-detached house on the Long Melford Development. The price advertised represents purchasing a 50% share of the home.

Description

Brand new 2 bedroom semi-detached house on the Long Melford Development. The price advertised represents purchasing a 50% share of the home.

About the Home

Semi Detached home, Hallway entrance, Lounge, Kitchen/Diner two bedrooms, family bathroom, enclosed rear garden and allocated parking

About the Development

Long Melford is a quintessential English village. Located in the picturesque Suffolk countryside, close to the Essex border.

This historic village boasts two large Manor Houses, an impressive village Church, an eclectic main street full of independent shops, galleries, antiques centres, tea rooms, restaurants, hotels & pubs. The village is also home to a country park, footpaths, cycle tracks and riverside walks.

About the Area

Long Melford is a quintessential English village, offering all you need within walking distance of the development, whilst also surrounded by stunning scenic walks and historic scenery. With a Co-op store for all your supermarket needs, as well as the more traditional family run village amenities such as Clark & Son Butchers, Tanswell’s Cakes Bakery, Angela’s clothing shop and the recently reopened Long Melford Antiques, Interiors & Lifestyle centre, providing a large retail area for small businesses to showcase and sell their items. Long Melford also has no shortage of local salons, with the Only Way is Beauty and The Beauty Lounge, as well as JD Creative Hair, M Hair & Beauty and Shear Hairdressing. Plus, with a selection of pubs as well as independent run restaurants, cafes and places to eat and drink in Long Melford, you really are spoilt for choice.

About Shared Ownership

The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller up front 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.

The minimum initial share you can purchase is 25% and the maximum initial share is 75% of the properties full market value. When you’re ready, you can buy more shares until you staircase to owning 100% of your home.

T&C's

*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.

Key Features
  1. 2 bedroom semi-detached house
  2. Flooring throughout
  3. Storage space
  4. Allocated parking
  5. Modern fitted kitchen
  6. Private garden
  7. 3 piece bathroom with shower over bath
  8. There will be an added service charge
Particulars

Tenure: Not specified
Council Tax Band: Not specified

Property Downloads
Floor Plan
Map
Sudbury Suffolk (2.51 miles) Bures (7.20 miles) Chappel & Wakes Colne (10.16 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.

£157,500
Shared Ownership New Build
Estimated Monthly Cost:£1,194
Rent £361
Service Charge £50
Mortgage £783

Share percentage 50%, full price £315,000, £7,875 Min Deposit. Calculated using a representative rate of 3.92%


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.