3 bedroom house for sale
The Willows,, Wilsford Lane, NG32 3PS
Share percentage 50%, full price £210,000, £5,250 Min Deposit.
Share percentage 50%, full price £210,000, £5,250 Min Deposit
Monthly Cost: £872
Rent £241,
Service charge £61,
Mortgage £570*
Calculated using a representative rate of 4.78%
Calculate estimated monthly costs
What is 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.
Summary
Three Bedroom Semi detached
Description
Step onto the property ladder with a brand-new, three bedroom semi-detached home, available through the Shared Ownership scheme. With a full market value of £210,000, you can secure your new home with a 50% share starting from just £105,000.
These three bedroom homes offer a modern fitted kitchen, 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, and added storage space.
The first floor serves the three bedrooms and family bathroom. Externally there is a private garden and allocated parking.
The properties on built by Bellway and are located within their development called The Willows.
The Willows is found in Ancaster, Lincolnshire, around nine miles north east of Grantham. The development falls under the administration of South Kesteven District Council, a subsidiary of Lincolnshire County Council.
Financial Breakdown:
Full market value: £210,000
50% share value: £105,000
5% deposit: £5,250
Rent charged on un-owned share: 2.75%
Monthly Rent on un-owned share (50%) £240.63
Monthly Estimated service charge: £61.07
Key Features
*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.
Particulars
Tenure: Leasehold
Lease Length: 125 years
Council Tax Band: New build - Council tax band to be determined
Property Downloads
Floor PlanMap
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: n/a
Outside Space/Garden: n/a
Year property was built: Enquire with provider
Unit size: Enquire with provider
Accessible measures: Enquire with provider
Heating: Enquire with provider
Sewerage: Enquire with provider
Water: Enquire with provider
Electricity: Enquire with provider
Broadband: Enquire with provider
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 4.78%
Countrywide Land & New Homes - North England
