2 bedroom house for sale

Available

31 Lancaster Avenue, Wilsford Lane, Ancaster, NG32 3FL

£87,500 · Shared Ownership New Build

Share percentage 50%, full price £175,000, £4,375 Min Deposit.

Available
2 bedrooms
Floor plan
floor-plan
Floor plan
floor-plan
£87,500 Shared Ownership New Build · Eligibility Eligibility

Share percentage 50%, full price £175,000, £4,375 Min Deposit.

Monthly Cost: £752
Rent £201, Service charge £52, Mortgage £499*

Calculated using a representative rate of 5.26%

Calculate estimated monthly costs

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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 Willows development. The price advertised represents purchasing a 50% share of the home.

Description

Brand new 2 bedroom house on The Willows development. The price advertised represents purchasing a 50% share of the home.

About the Development

A selection of 2 bedroom semi-detached houses in Ancaster, Lincolnshire. Local amenities are a short walk away in the nearby town of Ancaster. This development is ideally located for rural countryside living and commuter links both by train and road.

About the Home

This two bedroom semi-detached home offers a bright and modern kitchen with an integrated Zanussi single oven and gas hob, along with space for a fridge-freezer and washing machine. To the rear of the property there is a separate lounge-diner with French doors leading out to the garden. The ground floor also includes a downstairs WC.

The first floor boasts two spacious bedrooms and family bathroom with thermostatic shower over the bath. Externally there is a private garden and driveway for two cars.

About the Area

Ancaster’s rural location in Lincolnshire means that there are plenty of walking and cycling routes found locally. Explore the Two nearby nature reserves, Ancaster Valley and Moor Closes. Local amenities also include the out-of-town park which features ten-pin bowling, laser tag, and go karting. Grantham, Sleaford, and Newark are all within a half-hour drive. Ancaster’s town centre is just a few minutes’ walk from The Willows, and independent stores are found in abundance here. The B6403 runs close to the development, giving residents here easy access to the A17 and M1. Ancaster’s railway station is just a three-minute drive from The Willows, with regular services to Nottingham, Grantham, and Skegness and connections to London.

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 50% 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. Flooring throughout
  2. Spacious lounge
  3. Rear garden
  4. 2 parking spaces
  5. Storage space
  6. There will be an added service charge
Particulars

Tenure: Not specified
Council Tax Band: Not specified

Property Downloads
Floor Plan Energy Certificate
Map
Ancaster (0.41 miles) Rauceby (3.27 miles) Sleaford (5.22 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 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.

£87,500
Shared Ownership New Build
Estimated Monthly Cost:£752
Rent £201
Service Charge £52
Mortgage £499

Share percentage 50%, full price £175,000, £4,375 Min Deposit. Calculated using a representative rate of 5.26%


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.