2 bedroom house for sale
Salters Road, PE30 2LD
Share percentage 25%, full price £220,000, £2,750 Min Deposit.
Share percentage 25%, full price £220,000, £2,750 Min Deposit.
Monthly Cost: £701
Rent £378,
Service charge £17,
Mortgage £306*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
To qualify for shared ownership you will need to meet the following criteria:
· Annual household income less than £80,000
· Unable to purchase a home suitable for your needs without assistance
· Not a current home owner (or named on the deeds of another property) in the UK or abroad
· No outstanding credit issues (ie unsatisfied defaults or County Court Judgements)
Summary
Superb Two Double Bedroom Semi-Detached New Home
Description
We are delighted to offer this fantastic opportunity to buy this brand new two double bedroom semi-detached property located in Kings Lynn and available to purchase on a Shared Ownership basis through Freebridge Community Housing.
The full market value of £220,000 is available to purchase from a 25% share with a deposit of 5% at £2,750 (other shares are available)
This superb new home has been designed with style, comfort and efficiency in mind. Finished to high specification throughout this beautifully spacious semi-detached house offers a wonderful kitchen with integrated oven and hob with space for a range of built in appliances. The living/dining room is flooded with an abundance of natural light with patio doors opening onto the garden. In addition, there is a stylish cloakroom off the hall.
On the first floor are two double bedrooms that share the family bathroom.
Externally, the turfed rear garden with patio area is ideal to enjoy the summer months with family and friends, with a useful storage shed and the driveway offers ample parking
Location
The market town of Kings Lynn offers a wealth of shopping facilities, restaurants, public houses, schooling for all ages and leisure facilities. There is a main line station with rail links to Ely, Cambridge and London's Kings Cross Station and the Royal Sandringham Estate and North Norfolk coast are within easy reach.
What is Shared Ownership?
For customers who cannot afford a property at a 100% share, whether due to mortgage or cash related reasons, the shared ownership scheme offers the chance to buy a share of your home (between 25% and 75%) and pay rent on the remaining share. Later on, you could buy bigger shares when you can afford to and, if you chose, own the property outright.
Monthly costs to purchase via Shared Ownership are generally less than purchasing outright or renting, making it a fantastic option to get onto the housing ladder.
Example Share Breakdown
- Full market value: £220,000
- 25% share value: £55,000
- 5% deposit: £2,750
- Rent charged on unowned share: 2.75%
- Rent on unowned share (75%): £378.13
Agents Note: Images used may be representative of a similar property, but not be the one which the buyer may be purchasing.
Key Features
- Two Double Bedroom Semi-Detached New Home
- Generous Living/Dining Room and Spacious Kitchen
- Family Bathroom and Cloakroom
- High Specification and Flooring Throughout
- Turfed Rear Garden with Patio Area and Timber Shed
- Driveway Offering Ample Parking
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
Floor Plan BrochureMap
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 25%, full price £220,000, £2,750 Min Deposit. Calculated using a representative rate of 5.03%
