3 bedroom house for sale
Kings Meadow, Main Road, LN5 0PE
Share percentage 50%, full price £300,000, £7,500 Min Deposit.
Share percentage 50%, full price £300,000, £7,500 Min Deposit.
Monthly Cost: £1,207
Rent £344,
Service charge £27,
Mortgage £836*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
You are eligible to purchase a Home Reach property in England or Wales if:
· Your household income does not exceed £80,000 per annum for homes outside of London (£90,000 in London)
· You have a deposit (at least 5% of the share value)
· You are a first-time buyer or used to own a home, but cannot afford to buy outright now
· The shared ownership property will be your principle and only home
· You have passed a financial assessment, demonstrating you are financially able to purchase the minimum share value and support the monthly costs.
· Household minimum income must be above £12,000
Summary
3-bedroom homes situated just outside of Leadenham Conservation area
Description
Walking through the ground floor of this 3-bedroom home, you are greeted by a front-facing kitchen, with utility area off to the side, for all your washing and pantry needs. Further down the hallway you will find a large living/dining area with doors leading onto the rear garden.
Upstairs, you will find two good-sized double bedrooms, a single bedroom, family bathroom and more built-in storage.
*Images are for illustrative purposes only. Please speak to Sales Adviser for full details*
**Prices vary across plots, please speak to a sales advisor for more information**
Service charge outlined on this portal is heylo’s monthly lease management fee and if applicable, includes an estimated monthly buildings insurance charge. Additional Estate and Service charge fees may apply and are available directly from the sales team on site.
Key Features
- Open plan kitchen/diner
- Separate living area
- Utility area
- Downstairs WC
- Built-in storage
- Rear garden
- Symphony kitchen design
- Integrated appliances fitted as standard
- Air source heat pumps with three years Remote access Link subscription free
- Wardrobes to bedroom 1
- Smoke alarm is not included
- Carbon Monoxide alarm is not included
Particulars
Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: G
Property Downloads
Key Information DocumentMap
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 £300,000, £7,500 Min Deposit. Calculated using a representative rate of 5.03%
