3 bedroom house for sale
Croft Place, Main Street, PE14 9RB
Share percentage 25%, full price £285,000, £3,563 Min Deposit.
Share percentage 25%, full price £285,000, £3,563 Min Deposit.
Monthly Cost: £907
Rent £490,
Service charge £11,
Mortgage £406*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
To qualify for shared ownership you will need to meet the following criteria:
· Annual household income less than £80,000
· Unable to purchase a home suitable for your needs without assistance
· Not a current home owner (or named on the deeds of another property) in the UK or abroad
· No outstanding credit issues (ie unsatisfied defaults or County Court Judgements)
Summary
Three Bedroom Detached New Home
Description
We are delighted to offer this exciting opportunity to buy a brand new 3 bedroom detached home in Welney on a Shared Ownership basis through Freebridge Community Housing. The full market value of £285,000 is available to purchase from a 25% share with a deposit from 5% at £3,562.50 (other shares available).
Situated in an exclusive development and designed with style, comfort and efficiency in mind.
This detached home offers a generous living room leading to the spacious kitchen/dining room with integrated oven, hob and fan over, with space for a range of built in appliances and patio doors opening onto a wonderful garden. In addition there is a useful storage cupboard and a stylish cloakroom.
To the first floor are two double bedrooms and a further single bedroom that share the family bathroom.
What Is Shared Ownership
A brand new 3-bedroom detached home available on a shared ownership (part buy/part rent) basis. Shares available from 25%-75% on initial purchase with the option to staircase to 80% in the future.
Full market value: £285,000
25% share value: £71,250
5% deposit: £3,562.50
Rent charged on unowned share : 2.75%
Rent on unowned share (75%) : £489.84
Location
The village of Welney is a civil parish in the Fens of England and offers a church, public house and restaurant, parish hall and a playing field. The village is within a 10 miles radius of a doctor’s surgery, petrol station and supermarket.
Welney sits between the major market towns of Wisbech and Ely, with Ely’s cathedral visible from more than 15 miles away. Other local towns and villages include Downham Market, King’s Lynn, Chatteris, March and Littleport. Just over 10 miles to the market town of Downham Market which have range of every day amenities, as well as a train station with a direct train to London King’s Cross.
Key Features
• Three Bedroom Detached New Home
• Generous Living Room and Spacious Kitchen/Dining Room
• Garden with patio area
• Driveway offering ample parking
• Air source heat pump
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
Floor PlanMap
The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.
- 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 and repairs for communal areas within your development.
- Mortgage: Share to Buy use a database of mortgage rates to work out the rate likely to be available for the deposit amount shown, and then generate an estimated monthly plan on a 25 year capital repayment basis.
NB: This mortgage estimate is not confirmation that you can obtain a mortgage and you will need to satisfy the requirements of the relevant mortgage lender. This is not a guarantee that in practice you would be able to apply for such a rate, nor is this a recommendation that the rate used would be the best product for you.
Share percentage 25%, full price £285,000, £3,563 Min Deposit. Calculated using a representative rate of 5.26%