off Maxwell Road, PE25 2JA

Properties coming soon to Skegness, register your interest now! Shared Ownership could help you to own your own home!

**PLEASE NOTE prices are estimated based on a 35% share of the current full market valuation but are subject to change, therefore please use as a guide only until properties are released for sale and prices are updated.**

The Development

We are excited to be offering 2 and 3 bedroomed houses for Shared Ownership in the seaside town of Skegness. These houses are due for phased completion commencing March 2025 onwards (please note this is a guide only). These properties will benefit from a 10 year build warranty.

The town is situated at the end of the mainline railway from Grantham with the M180 approximately 25 miles to the north, road access to Peterborough via the A52 trunk road which also leads to the Midlands.

Lincoln is approximately 35 miles to the north-west and Boston 20 miles to the south-west.

The town enjoys a strong retail offering and good leisure facilities including a number of well-regarded schools and an uninterrupted beach 50 miles long taking in other various coastal resorts such as Ingoldmells and Mablethorpe.

Prices

Prices are subject to change and based on an estimation of the current market value, please use as a guide only until properties are released for sale.

NEXT STEPS:

Please pre-register your interest for this development, we will contact you as soon as we have any further information.

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.

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