Share percentage 50%, full price £210,000, £5,250 Min Deposit.
Monthly Cost: £889
Rent £241,
Service charge £50,
Mortgage £598*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
- 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.
Summary
Brand new 2 bedroom house in the Woodgate Park development. The price advertised represents purchasing a 50% share of the home.
Description
Brand new 2 bedroom house in the Woodgate Park development. The price advertised represents purchasing a 50% share of the home.
About the Development
Woodgate park is a brand new development which will be offering a selection of 2, 3 and 4 bedroom homes. Built with a high spec and to a great standard, these homes are the perfect start to a shared ownership journey. Located just north of the contemporary town of March, combine town and rural living with a selection of local amenities as well as surrounding idyllic scenery.
About the Home
The Home comprises of spacious hallway which leads to the rear facing living room and the kitchen to one side. There are two bedrooms and a three piece bathroom.This home comes fully inclusive, with flooring throughout. The kitchen is offeredwith integrated, oven, hob and extractor. There are also allocated parking.
About the Area
March town centre is a short drive and walk away from this development. Here you can find a Tesco superstore as well as retail shops, eateries and its very own train station. Peterborough is also around a 30 minute drive away which offers an even bigger selection of amenities to suit everyone's needs.
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
- 2 parking spaces
- Spacious bedrooms
- Rear garden
- Flooring throughout
- Ground floor WC
- There will be an added service charge
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
Floor Plan Energy CertificateMap
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 50%, full price £210,000, £5,250 Min Deposit. Calculated using a representative rate of 5.26%
