Share percentage 35%, full price £375,000, £6,563 Min Deposit.
Monthly Cost: £1,377
Rent £559,
Service charge £68,
Mortgage £750*
Calculated using a representative rate of 5.29%
Calculate estimated monthly costs
Summary
AVAILABLE NOW - 3 bedroom end of terrace homes at The Hill in Blunham development
Description
Built by Lodge Park Homes and offered for Shared Ownership sale through Domovo, The Hill development has a collection of 2 and 3 bedroom homes and is ideally located in the Bedfordshire countryside village of Blunham.
About the Property
A three bedroom terraced house includes:
- High specification kitchen with built in oven, induction hob and extractor hood
- Flooring provided through-out
- Gas central heating
- Private garden
- Parking for 2 cars
Initial shares available to purchase between 25%-75%* (*Your application will be affordability assessed to determine what share you can afford to buy).
Price shown is for a 35% share (Full market value is £375,000)
*Service charge - £67.75 per month. This is an estimate only.
About the local area
The village of Blunham is ideally located between Bedford & St Neots, with convenient commuter links to Milton Keynes, Cambridge, and London.
There are excellent local amenities including a primary school, village shop, a local pub and a village hall hosting local sports teams including cricket & football. Blunham also has peaceful and scenic surroundings, where you can enjoy picturesque walks both within the village and across the River Great Ouse to neighbouring villages.
Shared Ownership, how does it work?
If buying a home seems out of reach, Shared Ownership* could be the answer and offers a great alternative to renting. Initial shares of between 25% and 75%** of our properties are available, you will pay a subsidised rent on the remaining share.
In the future you can purchase further shares in your home*** or sell your share and move on.
*Properties are offered as leasehold with a lease term of up to 125 years.
** Shares offered are based on business need.
***Some properties are restricted to the level of share you can purchase.
Please note: Your home may be repossessed if you do not keep up repayments on your mortgage.
Particulars
Tenure: Leasehold
Lease Length: 125 years
Council Tax Band: New build - Council tax band to be determined
Property Downloads
Key Information Document 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 35%, full price £375,000, £6,563 Min Deposit. Calculated using a representative rate of 5.29%
