3 bedroom house for sale

Available

Peacock Drive, PE28 5WE

£30,500 · Shared Ownership New Build

Share percentage 10%, full price £305,000, £3,050 Min Deposit.

Available
3 bedrooms
2 Bathrooms
Private Garden
Pets allowed
Parking
£30,500 Shared Ownership New Build

Share percentage 10%, full price £305,000, £3,050 Min Deposit.

Monthly Cost: £812
Rent £629, Service charge £29, Mortgage £154*

Calculated using a representative rate of 4.59%

Calculate estimated monthly costs

£
Summary

The Hazel

Description

Come and join us for the open day September 25th 11:30 - 14:30, take a look around and speak to our dedicated sales consultant

The Hazel is a contemporary, semi-detached home comprising of an open-plan kitchen/dining area with access via French doors to the rear garden. As well as a large living area, a downstairs WC and a storage cupboard.

Upstairs you will find three spacious bedrooms, with bedroom one having its own en-suite. A family bathroom with a shower over bath is also located on the second floor.

Available to reserve now


25% Share at £76,250
Rent on unsold share £524.22

50% Share at £152,500
Rent on unsold share £349.48

75% Share at £228,750
Rent on unsold share £174.74

> Other shares can be purchased subject to an affordability assessment.

Council Tax TBC - due to these properties being new builds and not being previously occupied the council tax and banding has not yet been set.

Service Charge - A service charge will be charged against the property and is paid monthly with your rent payment. The service charge is reviewed on an annual basis on April 1st. This will include Buildings insurance, management and any communal/estate charges that may be covered (if applicable). The service charge displayed is estimated based on the initial assessment of the scheme, please contact the sales consultant for details.

Ground Rent - Not applicable

Homes England Key Information Document - please refer to our website to read through our key information document for this property. This will include pricing details, eligibility and some lease information.

NEXT STEPS:
1. For further information, please download our brochure below.
2. TO APPLY NOW, please enquire with Platform Home Ownership and the relevant sales consultant will then send you an application form to complete.
3. Upon receipt of your application, once approved, we will refer you for an affordability assessment to determine the most affordable share for you.
4. Once you have passed the affordability assessment, we will then be in contact to confirm the availability.
5. If there is a suitable property we will then issue out your offer letter and advice on how to pay your £250.00 reservation fee for your new home.

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 10-75% 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.

For more detailed information and your obligations in relation to shared ownership please download our 'Guide to Shared Ownership'

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 visit the Homes England website for further guidance using the Homes England Eligibility Checker.

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

Key Features
  • Turfed rear garden
  • 10 year build warranty
  • allocated parking
  • shower over bath in family bathroom
Particulars

Tenure: Leasehold
Lease Length: 990 years
Council Tax Band: New build - Council tax band to be determined

Property Downloads
Brochure
Map
Huntingdon (8.59 miles) Peterborough (9.67 miles) Whittlesea (10.68 miles)
Monthly Cost Calculator

The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.

Read More Read Less
  • 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.

£30,500
Shared Ownership New Build
Estimated Monthly Cost:£812
Rent £629
Service Charge £29
Mortgage £154

Share percentage 10%, full price £305,000, £3,050 Min Deposit. Calculated using a representative rate of 4.59%


Platform Home Ownership
View properties by this developer
Development banner
Development
Judith Gardens
View development
Disclaimer
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.