3 bedroom house for sale
1 Barnham Close, PE8 6FF
Share percentage 50%, full price £260,000, £6,500 Min Deposit.
Share percentage 50%, full price £260,000, £6,500 Min Deposit.
Monthly Cost: £1,098
Rent £374,
Mortgage £724*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
The GLA and Homes England set the eligibility criteria for Shared Ownership, but broadly speaking you must:
- Not own another property in the UK or any other country.
- Have a household income that falls below £90,000 (£80,000 threshold outside the M25). Every property will have a minimum income level too, determined by its’ value, rent and service charge costs. In most cases you will need to meet or exceed the given minimum income.
- Have access to a minimum deposit of 10% of the share being purchased (a minimum deposit of 5% of the share being purchased may be acceptable depending on individual financial status).
- Be in full time permanent employment.
- Be a British, EU or EEA Citizen or have indefinite leave to remain in the UK.
- Have a good credit history.
Summary
3 Bedroom Semi-Detached House available for Shared Ownership in Peterborough
Description
A great opportunity to acquire a well proportioned modern semi-detached home on this new estate in the village of Wittering, with excellent access to local amenities as well as Stamford & Peterborough. Overlooking open green space to the front, the property is well presented throughout with gas central heating and UPVC double glazing.
The entrance hall has a cloakroom/wc off and gives access to the living room with French doors to the rear garden, and the kitchen dining room which has built in Bosh appliances and also French doors out to the rear garden.
To the first floor, there is a 3 piece bathroom, 3 bedrooms with the primary having an ensuite shower room. To the side of the property there are two allocated parking spaces and gated access to the rear garden with paved patio and lawns. The whole area enclosed by fencing.
*Information is correct to the best of our knowledge, please speak to the estate agent for more information*
Key Features
- Modern 3-Bedroom Semi-Detached Home
- Primary Bedroom with Ensuite Shower Room
- Open Plan Kitchen/Diner with Built-in Appliances
- Gas Central Heating & UPVC Double Glazing
- Front and Rear Gardens
- Allocated Parking for 2 Vehicles to the Side
- Tenure: Leasehold (999 years from 15/09/2022).
- Share Available: 50%(£130,000).
- Shared Ownership Rent: £374.27 per month (subject to annual review).
- Lease Management Fee: £24.36 per month (subject to annual review).
- Buildings Insurance: £127.08per annum (subject to annual review).
- Council Tax: Band B, Peterborough City Council
Particulars
Tenure: Leasehold
Lease Length: 999 years
Council Tax Band: B
Property Downloads
Key Information Document Floor PlanMap
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 50%, full price £260,000, £6,500 Min Deposit. Calculated using a representative rate of 5.03%
