1/7
£243,750
ELIGIBILITY
Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.
To be eligible for shared ownership you would need to meet the following criteria:
• Your annual household income does not exceed £80,000
• 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.
*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.
** This home can also be purchased outright (100% of the value) which is £375,000 and a purchaser would not need to meet the eligibility criteria listed above.
Shared Ownership
This superb modern home is available to buy from as little as £243,750 with a 65% share!
This modern semi-detached home is located in the Village of Little Wymondley just outside of Hitchin. The property provides well-planned accommodation comprising entrance hall, WC, kitchen/dining room, living room and an additional covered space providing a handy extension to the living space.
Upstairs, there are two spacious bedrooms and a family bathroom.
Outside, at the front of the property there are two allocated parking spaces in a communal parking area. To the rear of the property is a private garden.
Little Wymondley is a village located on the outskirts of Hitchin and Stevenage. These nearby towns offer a range of amenities, shops and pubs.
Little Wymondley is located close to major roads, including the A602, which connects to the A1(M), making travel by car convenient. The A1(M) provides good access to London to the south and to the north, including towns like Peterborough. The village is served by bus routes connecting to Hitchin, Stevenage, and other local towns.
Hitchin Station offers direct trains to London (around 30 minutes to King's Cross) and to the north.
Stevenage Station also has regular services to London, with trains to King's Cross in about 25 minutes.
PRICING & AFFORDABILITY
Full Market Value: £375,000
65% Share Price: £243,750 (rent £362.38 pcm)
Minimum 5% Mortgage Deposit (65% share): £12,187.50
Approximate Service Charges: £21.47 pcm*
Shared Ownership Lease: approx. 118 years
Council Tax Band: B
You can add locations as 'My Places' and save them to your account. These are locations you wish to commute to and from, and you can specify the maximum time of the commute and by which transport method.
Sown Shared Ownership