Shared Ownership is an affordable homeownership scheme where you purchase a share of a property and pay discounted rent on the remainder to a housing provider. Over time, you have the option to buy more shares and, in most cases, can staircase to 100% ownership. Learn more about Shared Ownership
House
3 bedrooms
Not specified
1/10
Available
£173,250
81 Cepheus Way, Cepheus Way, CT9 4NU
Share 45% / Full price £385,000 / Min deposit £8,663
Shared Ownership New Build
Shared Ownership is an affordable homeownership scheme where you purchase a share of a property and pay discounted rent on the remainder to a housing provider. Over time, you have the option to buy more shares and, in most cases, can staircase to 100% ownership. Learn more about Shared Ownership
Shared Ownership New Build
Shared Ownership is an affordable homeownership scheme where you purchase a share of a property and pay discounted rent on the remainder to a housing provider. Over time, you have the option to buy more shares and, in most cases, can staircase to 100% ownership. Learn more about Shared Ownership
To be eligible for shared ownership you would need to meet the following criteria:
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.
Please note the minimum share you can purchase can vary depending on your financial situation and you may be asked to purchase a larger share, should your personal circumstances permit.
Description
Brand new 3 bedroom house on the Artemis View development. The price advertised represents purchasing a 45% share of the home.
The Magnolia is a contemporary home full of great features. The impressive kitchen/dining area is a versatile space that could be used as a place to entertain. This house has a downstairs cloakroom, two upstairs bathrooms and two double bedrooms. A further single bedroom makes this a great home for accommodating your visitors or for growing families.
You can add locations as 'My Places' and save them to your account. These are locations you wish to commute
to and from, and you can specify the maximum time of the commute and by which transport method.
The information displayed about this property comprises a property advertisement. Share to Buy Ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.
This calculator gives an estimate on the total monthly cost of mortgage, rent and service charge whenever applicable
£173,250
Shared Ownership New Build
Full price £385,000
Estimated monthly cost£1,482
Rent£485
Service charge£56
Mortgage£941
Calculated using a representative rate of 4.78%
Share
Deposit
£
How is this calculated?
How is this calculated?
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.
Contact housing provider
Your property enquiry has been submitted to Sage Homes.
Next steps
You can check and update your enquiry in the 'My Account' area.