3 bedroom house for sale
Sovereign Way, PE9 2BY
Share percentage 40%, full price £365,000, £7,300 Min Deposit.
Share percentage 40%, full price £365,000, £7,300 Min Deposit.
Monthly Cost: £1,371
Rent £502,
Service charge £37,
Mortgage £832*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
*Priority will be given to applicants with a local connection
1. First preference will be given to applicants who are unable to purchase a property on the open market in the area and who have been resident in Stamford area for at least 12 months prior to application or who have lived in Stamford for at least 5 of the previous ten years or who have strong local connections with the Stamford area either by employment or direct family association (mother, father, brother, sister, son or daughter);. The exception is to existing serving military personnel and former members of the British Armed forces discharged in the last 2 years.
2. Secondly to applicants who are unable to purchase a property on the open market in the District of South Kesteven for at least 12 months prior to application or have strong local connection with the district either by employment or direct family association (mother, father, brother, sister, son or daughter).
3. If properties remain unreserved after 8 weeks from the initial marketing period, we can proceed with other applicants who are eligible for shared ownership.
Summary
The Brownes - Spacious 3 bedroom Home
Description
The Brownes
A three bedroom semi-detached home, perfect for first time buyers and families, built to a modern specification and have something to offer everyone, from individuals, to couples & those looking to downsize.
The ground floor comprises of a separate lounge, kitchen/dining room, utility room & WC. To the spacious kitchen/dining room there is a selection of base and wall units in neutral colours with integrated appliances.
On the first floor there are three good sized bedrooms and a family bathroom with a thermostatic shower over the bath and full height tiling to the bath area and a glass shower screen. This property also has the added benefit of an ensuite to the master bedroom.
There are plenty of electrical sockets throughout with a TV point to the lounge and master bedroom.
These homes are available subject to affordability and eligibility criteria.
NB: We are not yet aware of the Council Tax banding for these homes.
Shares available to purchase up to 75% of the full market value (subject to affordability and eligibility criteria). Please note you will be required to maximise affordability.
Disclaimer
IMPORTANT NOTICE These brief particulars have been prepared and are intended as a convenient guide to supplement an inspection or survey and do not form any part of an offer or contract. Their accuracy is not guaranteed. They contain statements of opinion and in some instances, we have relied on information supplied by others. Design elements and specification details may change without notice. You should verify the particulars on your visit to the property and the particulars do not replace the need for a survey and appropriate enquiries. Accordingly, there shall be no liability as a result of any error or omission in the particulars or any information given. All images are computer generated. Date of publication: April 2024.
Key Features
Specification Highlights
- Integrated appliances including fridge / freezer, dishwasher and washer dryer.
- Built-in oven, hob & extractor
- Modern, neutral kitchen cabinets and worktops
- Modern white sanitary ware, with thermostatic shower and glass screen
- Vinyl flooring to kitchens & bathrooms
- Carpeting to all other rooms, available as an early-purchase incentive
- Two parking spaces per plot
- Fully enclosed, turfed rear gardens
- These are leasehold homes with a lease term of 990 years.
Particulars
Tenure: Leasehold
Lease Length: 990 years
Council Tax Band: New build - Council tax band to be determined
Map
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 40%, full price £365,000, £7,300 Min Deposit. Calculated using a representative rate of 5.26%
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