2 bedroom house for sale

Available

Station Road, DN21 4BB

£42,250 · Shared Ownership New Build

Share percentage 25%, full price £169,000, £2,113 Min Deposit.

Available
2 bedrooms
2 Bathrooms
Private Garden
Pets allowed
Parking
Floor plan
floor-plan
Floor plan
floor-plan
£42,250 Shared Ownership New Build · Eligibility Eligibility

Share percentage 25%, full price £169,000, £2,113 Min Deposit.

Monthly Cost: £562
Rent £290, Service charge £37, Mortgage £235*

Calculated using a representative rate of 5.03%

Calculate estimated monthly costs

£
Eligibility

You may be eligible for this property if:

You have a gross household income of no more than £80,000 per annum.

You do not already own a home or you will have sold your current home before you purchase or rent.

You must be at least 18 years old.

Summary

The Hemingby - Final plot

Description

Last Plot remaining!!

This home is available now and ready to move into.

Introducing The Hemingby, a modern two bedroom, terrace home comprising of a spacious living area, well-appointed kitchen/dining with double doors to the turfed rear garden.

Upstairs there are two bedrooms and a family bathroom.

Kirton in Lindsey is a market town and is home to several independent retailers including a butcher, bakery, various beauty salons and a sweetshop. The town has a garden centre and two pubs which serve food. There are also a selection of local takeaways and supermarkets in the area.

Other facilities include a post office with banking facilities.

Scunthorpe is located 10 miles from Kirton in Lindsey where you will find restaurants and two shopping centres.

Kirton in Lindsey benefits from close proximity to the A15, with links to Peterborough and Lincoln, as well as the M180, which offers links to Hull, Scunthorpe and Humberside.

Homes England Key Information Document – please refer to our website to read through our key information document for this property. This will include pricing details, eligibility and some lease information.

NEXT STEPS:
1. For further information, please download our brochure below.
2. TO APPLY NOW, please make an enquiry to contact Platform Home Ownership, the relevant sales consultant will then send you an application form to complete.
3. Upon receipt of your application, we will refer you for an affordability assessment to determine the most affordable share for you.
4. Once you have passed the affordability assessment, we will then be in contact to confirm the availability.
5. If there is a suitable property we will then issue out your offer letter and advice on how to pay your £250.00 reservation fee for your new home.

Shared Ownership is a fantastic opportunity if you're an unable to purchase a home on the open market. It allows you to buy a share in a property on a part buy/part rent basis and pay a subsidised rent on the part that you do not own. Over time, you can purchase more shares in your property - this is known as 'staircasing'. This can be done at any time after initial purchase and it will reduce the amount of rent you pay, as the share of the home that you do not own will have got smaller.

We will offer shares between 25-75% of the property value depending on the outcome of the affordability assessment. The higher the share you purchase, the lower your rent will be. You will need to be able to obtain a mortgage for the share you want to purchase unless you have sufficient funds to enable you to purchase a share outright. Deposit amounts will be lower than purchasing a property on the open market also the combined cost of mortgage and rent is often cheaper than privately renting in the area.

For more detailed information and your obligations in relation to shared ownership please download our 'Guide to Shared Ownership'

Am I eligible?
Shared Ownership uses the following criteria to help people to get onto the property ladder:
- Maximum annual household income of £80,000.
- Unable to purchase a home suitable for your needs.

Please visit the Homes England website for further guidance using the Homes England Eligibility Checker.

*Please note some images are typical and should be used as a guide only

**Please note the virtual house tour may be of a different house type, but it is a house on this development

Key Features
  • Modern kitchen with integrated oven, hob and extractor
  • Dining area with patio doors leading to the garden
  • Lounge
  • 2 double bedrooms, 1 with en suite and 1 single bedroom
  • Family Bathroom
  • 10 year build warranty
  • Village location
Particulars

Tenure: Leasehold
Lease Length: 990 years
Council Tax Band: New build - Council tax band to be determined

Property Downloads
Floor Plan Brochure
Virtual Tour
https://my.matterport.com/show/?m=roCBPEDh59o
Map
Kirton Lindsey (0.37 miles) Brigg (6.51 miles) Scunthorpe (7.74 miles)
Monthly Cost Calculator

The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.

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  • 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.

£42,250
Shared Ownership New Build
Estimated Monthly Cost:£562
Rent £290
Service Charge £37
Mortgage £235

Share percentage 25%, full price £169,000, £2,113 Min Deposit. Calculated using a representative rate of 5.03%


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Tudor Reach, Kirton in Lindsey
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Disclaimer
The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.