3 bedroom house for sale
Plot 9, The Laurels, Walnut Road, PE14 7NR
Share percentage 25%, full price £260,000, £3,250 Min Deposit.
Share percentage 25%, full price £260,000, £3,250 Min Deposit.
Monthly Cost: £834
Rent £447,
Service charge £17,
Mortgage £370*
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
Wonderful Three Bedroom Semi-Detached New Home With Field Views
Description
We are delighted to offer this fantastic opportunity to buy this brand new three bedroom semi-detached property located in Walpole St Peter and available on a Shared Ownership basis through Freebridge Community Housing.
The full market value of £240,000 is available to purchase from a 25% share with a deposit of 5% at £3,000 (other shares are available)
This superb new home, situated on an exclusive development, has been designed with style, comfort and efficiency in mind.
Finished to high specification throughout this beautifully spacious semi-detached house offers a generous living room leading to the spacious kitchen/dining room with integrated oven and hob, with space for a range of built in appliances and further benefits from patio doors opening onto the turfed rear garden. In addition, there is a stylish cloakroom off the hall.
To the first floor, the master bedroom boasts an en-suite shower room with a further double bedroom and single bedroom off the landing that share the family bathroom.
Externally, the rear turfed garden with patio area is ideal to enjoy the summer months with family and friends, with a useful storage shed and the gravel driveway to the front offers ample parking.
Location
The village of Walpole St. Peter has a 14th Century Grade I listed church, known as the Cathedral of the Fens. The village amenities include a nursery, a primary school and a playing field. Medical centres and post offices can be found within a 3-4 mile radius. The village also has a regular bus route to Wisbech, King’s Lynn and Peterborough.
What is Shared Ownership?
A brand new 3 bedroom semi-detached new 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
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)
Example Share Breakdown
- Full market value: £260,000
- 25% share value: £65,000
- 5% deposit: £3,250
- Rent charged on unowned share: 2.75%
- Rent on unowned share (75%): £446.88
Key Features
• Three Bedroom Semi-Detached New Home
• En-Suite To Master Bedroom, Family Bathroom and Cloakroom
• Generous Living Room and Spacious Kitchen/Dining Room
• High Specification and Flooring Throughout
• Turfed Rear Garden with Patio Area and Shed
• Gravel Driveway Offering Ample Parking
• Vinyl Flooring to Wet Area
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 £260,000, £3,250 Min Deposit. Calculated using a representative rate of 5.26%
