2 bedroom house for sale
Sovereign Way, PE9 2EX
Share percentage 40%, full price £290,000, £5,800 Min Deposit.
Share percentage 40%, full price £290,000, £5,800 Min Deposit.
Monthly Cost: £1,096
Rent £399,
Service charge £36,
Mortgage £661*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
First priority will be given to applicants with a local connection to Stamford or the South Kesteven District.
You must have a local connection to Stamford either through residency, work or family.
Summary
Spacious two bedroom home
Description
Cross Keys Homes are delighted to offer our first releaseof brand new, spacious two bedroomshared ownership homes in the sought-after picturesque town of Stamford.The accommodation comprises of a Kitchen/dining room, separate lounge to the rear & WC. To the first floor there aretwo good sized bedrooms and a familybathroom with a thermostatic shower over the bath with a glass screen. There are plenty of sockets throughout and a TV point to the lounge and master bedroom.
Key Features
Specification Highlights
Integrated appliances including fridge / freezer, dishwasher and washer dryer.
Built-in oven, hob & extractor
Modern, neutral kitchen cabinets and worktops
Modern white sanitary ware, with thermostatic shower and glass screen
Wood-effect flooring to kitchens & bathrooms
Carpeting to all other rooms, available as an early-purchase incentive
Two parking spaces per plot
Fully enclosed, turfed rear gardens
These are leasehold homes with a lease term of 990years.
NB: We are not yet aware of the Council Tax banding for these homes.
Shares available to purchase up to 75% of the full market value (subject to affordability and eligibility criteria).Please note you will be required to maximise affordability.
Particulars
Tenure: Leasehold
Lease Length: 990 years
Council Tax Band: New build - Council tax band to be determined
Map
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 40%, full price £290,000, £5,800 Min Deposit. Calculated using a representative rate of 5.26%
Cross Keys Homes
