3 bedroom house for sale
40 Boroughby Drive, , PE7 4AE
Share percentage 50%, full price £315,000, £7,875 Min Deposit.
Share percentage 50%, full price £315,000, £7,875 Min Deposit
Monthly Cost: £1,309
Rent £361,
Service charge £71,
Mortgage £877*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
- Your household income does not exceed £80,000 (outside of London) and £90,000 (inside of London)
- 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.
Summary
New build 3 bedroom house in the Elderbrook development. The price advertised represents purchasing a 50% share of the home.
Description
New build 3 bedroom house in the Elderbrook development. The price advertised represents purchasing a 50% share of the home.
About the Development
Elder Brook is a stunning development by Bellway Homes. Situated just 5 miles from Peterborough centre, and located near the lovely village of Alwalton.
These properties offer a fantastic opportunity for working professionals, growing families, and first time buyers.
About the Home
The ground floor comprises of a front facing kitchen, WC and under-stair storage cupboard. To the rear of the home is the spacious lounge diner which opens out to the rear garden. The first floor offers three bedrooms and family bathroom with shower over bath.
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.
T&Cs
*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.
*Services Charges will apply, speak to our Sales Agent for more information. Costs are subject to change.
Key Features
- NHBC Warranty
- Allocated parking
- Good storage
- Separate kitchen
- Downstairs WC
- Service charge applicable
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
Floor Plan Energy CertificateMap
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 £315,000, £7,875 Min Deposit. Calculated using a representative rate of 5.03%
