2 bedroom house for sale
14 Massingham Place, , PE10 2BY
Share percentage 25%, full price £200,000, £2,500 Min Deposit.
Share percentage 25%, full price £200,000, £2,500 Min Deposit.
Monthly Cost: £692
Rent £344,
Service charge £69,
Mortgage £279*
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
Brand new 2-bedroom house in the Abbey View development, available through Shared Ownership in Bourne. The price represents purchasing a 25% share of the property.
Description
Brand new 2-bedroom house in the Abbey View development, available through Shared Ownership in Bourne. The price represents purchasing a 25% share of the property.
About the Development
Abbey View is a development by Bellway Homes, located just off Wincanton Way in the popular Lincolnshire market town of Bourne.
The development will feature a selection of 2 and 3 bedroom family homes that will be available to purchase on the Shared Ownership Scheme. Expected build completion is around December 2022.
The 2 bedroom homes with be the Baker house type, and the 3 bedroom homes with be the Tillman house type. There will also be 2 bedroom bungalows available too.
About the Home
This terraced property is a 2 bedroom home. Upon entry you are presented with a hallway which leads to the kitchen, cloakroom & living dining to the rear, leading to the garden.
To the first floor you are presented with two double bedrooms plus the three piece bathroom. The house is offered with flooring throughout and allocated parking.
About the Area
Bourne is a very popular location which sits 35 miles south of the City of Lincoln, and 16 miles north of Peterborough. It is very close to a number of key amenities, including Bourne Health Clinic, Bourne Grammar School, and Bourne Elsea Park Primary Academy.
There is also a comprehensive array of local shops, post office, pubs, and a local petrol station, Sainsbury’s Supermarket are all within close distance of the Abbey View development.
Very good transport links are provided via the A15, which links Lincoln to Peterborough, with close access to the A1 motorway, and local bus routes.
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 45% 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
- Separate kitchen
- Flooring throughout
- Allocated parking
- Good storage
- Service charge will apply
- Double bedrooms
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
Floor Plan Energy CertificateMap
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 £200,000, £2,500 Min Deposit. Calculated using a representative rate of 5.03%
