£72,500
The Fulwood is a three bedroom detached home within the Hartley Mere development, Available through Shared Ownership.
You can apply to buy the home if all of the following apply:
- your household income is £90,000 or less
- you cannot afford all of the deposit and mortgage payments to buy a home that meets your needs
One of the following must also be true:
- you're a first-time buyer
- you used to own a home but cannot afford to buy one now
- you're forming a new household - for example, after a relationship breakdown
- you're an existing shared owner, and you want to move
- you own a home and want to move but cannot afford to buy a new home for your needs
If you own a home, you must have completed the sale of the home on or before the date you complete your shared ownership purchase.
As part of your application, your finances and credit history will be assessed to ensure that you can afford and sustain the rental and mortgage payments.
The Fulwood is a three-bedroom property, available as a semi-detached or detached plot, within the wider Hartley Mere development, just outside of Peterborough in Cambridgeshire.
Like each property within the broader development, The Fulwood is built with sustainability in mind, utilising air source heat pumps, PV solar panels and electric car charging points.
Upon entering The Fulwood, you'll find a reception area, with immediate access to the kitchen/dining space on your left and the living area on your right. Stairs ahead take you to the first floor.
The kitchen/dining area is expansive, with plenty of surface space, extra storage and access to the rear garden making it the ideal space for hosting parties during the summer or enjoying nights in with friends.
The living area is equally spacious and has three large windows, creating a bright and airy space perfect for relaxing in.
Heading up to the first floor you'll find yourself on a large landing area, with easy access to three bedrooms. Bedroom one and two are larger and could be used as primary bedrooms, offering extra storage and large windows. The final bedroom is smaller, making it ideal as either a child's bedroom or a guest bedroom.
The primary bathroom is also on this floor, with a shower over bath setup.
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 register with us to request an application form.
3. Then send your approved Application form to the Sales Team.
4. Upon receipt of your application, we will refer you for an affordability assessment to determine the most affordable share for you.
5. Once you have passed the affordability assessment, we will then be in contact to confirm the availability.
6. 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.