House For Sale £92,250
Plot 69- The Nithsdale - 3-Bedroom Semi-Detached Home
Price Representative of 45% Share
This spacious 3-bedroom semi 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 spacious hallway with WC and contemporary open-plan kitchen/dining/living area. The kitchen boasts modern fixtures and fittings as well as an integrated hob, oven and extractor. Upstairs, all three bedrooms are a good size with two being doubles with fitted storage and there is a modern family bathroom with shower over bath.
This plot is due for handover in January 2024 making this an an off-plan purchase and viewings are not able to facilitated until this time.
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 £92,250 - Rental Amount Payable £306.63 per month
60% share - Purchase price £123,000 - Rental Amount Payable £263.16 per month
75% share - Purchase price £153,750 - Rental Amount Payable £165.69 per month
Full Property Value: £205,000
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 Witham St Hughs and the surrounding area?
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: ///arrival.cosmetic.iterative
Witham St Hughs is a village located in the North Kesteven district of Lincolnshire. It offers a range of amenities, including a primary school, a convenience store, a pub, a community centre, and a playing field with a children's play area. The village also has a regular bus service connecting it to the nearby city of Lincoln and other surrounding areas. Witham St Hughs is a great place to live due to its close proximity to Lincoln, which offers a wider range of amenities, including shops, restaurants, and entertainment venues. The village itself has a strong sense of community, with various events and activities taking place throughout the year, such as the annual summer fete and Christmas lights switch-on. The development is surrounded by beautiful countryside, providing residents with plenty of opportunities for outdoor activities
