7 Cranes Way, LE18 3AJ

SHARED OWNERSHIP two bedroom house available to purchase from a 65% share from £260,000 with a minimum 5% mortgage deposit of £8450. Call today to arrange your appointment to view.

This charming two double bedroom end modern terrace home occupies a plot within a Cul-de-Sac position on the recently built new Wigston Meadows estate. The current owners are selling there 65% share of the home with the remaining 35% owned by Pinnacle Housing Association which is part of Legal & General's affordable housing scheme. We have been informed that there are staircase options to purchase the full 100% of the freehold. The home is conveniently located for a range of local amenities and is only a short drive away to the centre of Wigston. Access to the home is via a composite front door that leads into an entrance area with stairs rising to the first floor. An opening leads through to the lounge. The ground floor is largely open plan and is well suited to modern living. Split into a kitchen area at the rear and reception space to the front of the home the space can be configured and laid out in a variety of ways. There is ample room for a range of living room and dining furniture and a window to both front and rear elevations that flood the space with plenty of natural light. The kitchen has a contemporary range of base and wall mounted fitted units with roll-edge work surfaces and a stainless steel sink and drainer. There is an integral gas hob and built-in oven as well as space for a fridge/freezer and plumbing for a washing machine. A door from the kitchen area leads through to a rear lobby that in turn leads to a useful ground floor WC and wash hand basin and opposite a back door that leads out to the garden. To the first floor, the principal bedroom is a generous double room with a window to the front elevation and a built-in over the stairs storage cupboard/wardrobe. The second bedroom, overlooks the garden and could be used as the principal bedroom if preferred. It is similarly sized and also benefits from a full height built-in cupboard/wardrobe. Positioned between the two bedrooms is a family bathroom which comprises a three piece white suite to include a bath with mains shower over, low flush WC and pedestal wash hand basin. To the front of the home a driveway provides off-road parking for two vehicles. There is gated side access to the rear. At the rear is a relatively low maintenance garden with a lawn a recently laid timber decked patio seating area ideal for those sunny days. This home is perfect for anyone looking to take their first steps on the property ladder or anyone that qualifies to purchase a shared ownership home. Internal viewing is highly recommended.

Full Market Value: £260,000
65% Share Price: £169,000,
Rent on un-owned share £205.57 PCM
Estimated estate charge £50.00 PCM

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. When you’re ready, you can buy more shares until you staircase to owning 100% of your home.

Please note, as a Shared Ownership purchase there are likely to be additional legal fees during the conveyancing process, your solicitor can advise you of these.