3 bedroom house for sale

Available

18 Plough Lane, Louth, LN11 8ES

£174,375 · Shared Ownership New Build

Share percentage 75%, full price £232,500, £8,719 Min Deposit.

Available
3 bedrooms
2 Bathrooms
Private Garden
Parking
Floor plan
floor-plan
Floor plan
floor-plan
£174,375 Shared Ownership New Build · Eligibility Eligibility

Share percentage 75%, full price £232,500, £8,719 Min Deposit.

Monthly Cost: £1,164
Rent £133, Service charge £60, Mortgage £971*

Calculated using a representative rate of 5.03%

Calculate estimated monthly costs

£
Eligibility

!No local area connection required!

Summary

!Open Day! - Saturday 7th September 10am-4pm. No local area connection required! Brand new 3 bedroom house on Hubbard's Walk nestled in rural Louth! Discover the benefits of Shared Ownership Today!

Description

Service Charges Estimated at £60

!Open Day! - Saturday 7th September 10am-4pm.

Sage Homes Summer Offer.
A contribution of £1,000 towards your legal fees and 2,000 Love2Shop Voucher.
Please speak to a member of our Sales Team for more details.
Terms and conditions apply*


Brand new 3 bedroom house on the Hubbard's Walk development. The price advertised represents purchasing a 75% share of the home.


About the Development

This development is located in rural Louth, situated at the foot of the Lincolnshire Wolds. This development offers a tranquil home for growing families with excellent transport options. There are several great schools in Louth including the King Edward VI Grammar School. Nestled in an area of natural beauty, you’ll find it easy to get back to basics in this countryside idyll. Louth, the largest market town in the East Lindsey District, offers you countless inns, cafes and a rich heritage to explore. If you’re in need of a bigger array of facilities, Mablethorpe and Lincoln are within easy reach.


About the Home

This brand new, three bedroom Shared Ownership home has many key features including an open plan kitchen/dining room, spacious lounge, ground floor WC and storage space on the ground floor. The first floor presents three bedrooms, a bathroom and an en-suite. This home has 2 parking spaces and a rear garden.


About the Area

Your closest train station is either in Grimsby (a half hour drive) or Lincoln (50 minutes drive). From Lincoln you can be in London in under three hours while Grimsby to Liverpool is three and a half hours away, Sheffield is an hour and 45 minutes and Cleethorpes just seven minutes. Closer to home, Louth offers you attractions and activities galore. You’ll find artisan independent shops selling everything you might need as well as elegant cocktail bars, cosy pubs, cafes and restaurants. Visit the Louth Riverhead Theatre, browse the NTKO art gallery and spend an evening at the Louth New Orleans Jazz Club. There’s also plenty to do in nature with cycling, the Meridian Leisure Centre and enough walking routes to wear out your hiking boots.


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 25% 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


Disclaimers
Agent's Note
Please note that all particulars and images are for marketing and illustrative purposes only. Advertising images may include upgrades as home specifications can vary.

IMPORTANT NOTE TO PURCHASERS:
We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective buyers only, and are not precise.


* The advertised offer is only available on selected plots reserved by 15th September 2024. Exchange of contracts must occur before the agreed exchange deadline as stated in memorandum sale, with latest completions 31st December Not to be used conjunction any other offer.
* Sage Homes’ legal fees contribution is deducted from the total cost payable to at time of completion. Voucher will be prepared send once completion takes place. Sage Homes’ legal fees contribution is deducted from the total cost payable to at time of completion. Voucher will be prepared to send once completion takes place.
* Sage Housing Ltd reserve the right to withdraw or alter terms of this offer at any time prior payment a reservation fee.

Key Features

· Ensuite

· Three bedrooms

· Patio doors leading to garden

· 10 year NHBC warranty

· Ground Floor WC

· Two car parking spaces

· Integrated oven hob & extractor

· New build Shared Ownership

Particulars

Tenure: Leasehold
Lease Length: 125 years
Council Tax Band: New build - Council tax band to be determined

Property Downloads
Floor Plan Energy Certificate
Map
Cleethorpes (14.40 miles) Market Rasen (14.59 miles) Grimsby Town (14.94 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.

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  • 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.

£174,375
Shared Ownership New Build
Estimated Monthly Cost:£1,164
Rent £133
Service Charge £60
Mortgage £971

Share percentage 75%, full price £232,500, £8,719 Min Deposit. Calculated using a representative rate of 5.03%


LSL Land & New Homes / The SO Hub
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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.