2 bedroom house for sale
Sovereign Way, PE9 2BY
Share percentage 40%, full price £285,000, £5,700 Min Deposit.
Share percentage 40%, full price £285,000, £5,700 Min Deposit.
Monthly Cost: £1,080
Rent £392,
Service charge £38,
Mortgage £650*
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
Spacious two bedroom home
Description
The Welland
A two-bedroom home, perfect for first time buyers, families and those looking to downsize. Built to a modern specification and has something to offer everyone, from individuals, to couples & those looking to downsize.
The ground floor comprises of a separate lounge, kitchen/dining room & WC. To the kitchen/dining room there is a selection of base and wall units in neutral colours with integrated appliances.
On the first floor there are two 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.
There are plenty of electrical sockets throughout with a TV point to the lounge and master bedroom.
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.
· EPC - B
· NHBC Warranty
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 £285,000, £5,700 Min Deposit. Calculated using a representative rate of 5.26%
Cross Keys Homes
