2 bedroom house for sale
The Willows, Bridle Lane, PE38 9QZ
Share percentage 25%, full price £260,000, £3,250 Min Deposit.
Share percentage 25%, full price £260,000, £3,250 Min Deposit.
Monthly Cost: £826
Rent £447,
Service charge £17,
Mortgage £362*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
A brand new 2-bedroom terraced home available on a shared ownership (part buy/part rent) basis. Shares available from 10%-75% on initial purchase with the option to staircase to 100% in the future
To qualify for shared ownership you will need to meet the following criteria:
· Annual household income less than £80,000
· Unable to purchase a home suitable for your needs without assistance
· Not a current home owner (or named on the deeds of another property) in the UK or abroad
· No outstanding credit issues (ie unsatisfied defaults or County Court Judgements)
Example Share Breakdown
Full market value: £260,000
25% share value: £65,000
5% deposit: £3,250.00
Rent charged on unowned share: 2.75%
Rent on unowned share (75%): £446.88
Summary
Stunning Two Double Bedroom Terraced New Home
Description
SHARED OWNERSHIP We are delighted to offer this incredible exciting opportunity to buy this brand new 2 double bedroom mid-terraced home situated on The Willows, Downham Market and available on a Shared Ownership basis through Freebridge Community Housing.
This superb new home has been designed with style, comfort and efficiency in mind. Finished to superb specification throughout this beautifully spacious end-terraced new home offers a generous open plan kitchen with integrated oven, hob and fan over and space for additional appliances, opening into the living/dining room with patio doors leading to the garden . In addition, there is a useful storage cupboard and a stylish cloakroom.
To the first floor are two double bedrooms that share the family bathroom and the rear garden is ideal to enjoy the summer months with family and friends.
*Please note, images have been used for illustrative purposes only. Specification, layout and finish may be subject to change.
Key Features
• Two Double Bedrooms Terraced New Home
• Open Plan Kitchen/Dining/Living Room with patio door to garden
• Landscaped front garden and turfed rear garden with patio area (confirm finish to rear garden)
• Driveway offering ample parking
• Flooring to wet areas
• Gas central heating
Particulars
Tenure: Leasehold
Lease Length: 990 years
Council Tax Band: Not specified
Property Downloads
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 25%, full price £260,000, £3,250 Min Deposit. Calculated using a representative rate of 5.03%
