House For Sale £134,750
Plot 225- The Sandpiper - 2-Bedroom End Townhouse
Price Representative of 70% Share
This spacious 2-bedroom townhouse boasts ample parking with 2 allocated, off street parking spaces. Buyers can enjoy a large family home and non-overlooked rear garden. The ground floor benefits from a contemporary kitchen, WC and living/dining room. The kitchen boasts modern fixtures and fittings as well as an integrated hob, oven and extractor. Upstairs, there are two double bedrooms and a modern family bathroom with shower over bath.
About Shared Ownership
With shared ownership, you'll purchase a share of your home which will be subject to your individual affordability. You'll then pay rent on the remaining share owned by Longhurst Group - the housing association. This means you'll have lower monthly payments than you would with a traditional mortgage, making it a great option for first-time buyers or those needing to downsize.
But that's not all! As you build equity in your home, you can increase your ownership over time, eventually owning 100% of the property.
All properties on this development that are for sale with The New Homes Agent are available to purchase on a shared ownership basis only, with shares between 45% and 75% being made available.
Example Share Breakdowns
Please find examples of share amounts available provided:
45% share - Purchase price £86,625 - Rental Amount Payable £283.47 per month
60% share - Purchase price £115,500 - Rental Amount Payable £217.30 per month
75% share - Purchase price £144,375 - Rental Amount Payable £151.13 per month
Full Property Value: £192,500
Total rent includes rent, building insurance, third party management charge and management charge.
Shared Ownership Criteria
In order to submit an application for a shared ownership home, you'd need to consider the following criteria.
Do you have a local connection to West Lindsey?
Do you currently own another property that isn't being sold?
Is your total combined household income within £80,000 per annum?
For further details on whether you would be eligible for one of these homes, please contact The New Homes Agent.
Location
For the exact location please use the What3words code: ///dividers.overlaps.forum ().
