House For Sale £78,750
*THE SALES SUITE IS NOW OPEN FOR VIEWINGS BY APPOINTMENT ONLY.*
PLOT 3 - OUR VISITOR CENTRE, IS NOW AVAILABLE TO PURCHASE, WITH LVT FLOORING, CARPETS THROUGHOUT AND ALARM SYSTEM.
The Hadrian - 2-Bedroom Semi-Detached Home
Price Representative of 45% Share
This spacious 3-bedroom semi-detached property boasts ample parking with 2 allocated, off-street parking spaces. Buyers can enjoy a large family home with a private enclosed rear garden. The ground floor benefits from a spacious hallway with WC and a contemporary open-plan living/dining area. The separate 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 large doubles and there is a modern family bathroom with shower over bath.
About Shared Ownership
Shared ownership offers an excellent opportunity for buyers to get a foothold on the property ladder without having to take out a mortgage for the full purchase price! 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 an excellent 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 £78,750 - Rental Amount Payable £256.06 per month
60% share - Purchase price £105,000 - Rental Amount Payable £195.91 per month
75% share - Purchase price £131,250 - Rental Amount Payable £135.75 per month
Shares are available at 45%, 50%, 55%, 60%, 65%, 70% and 75%. If you cannot afford a 45% share, please contact us to see if there could be a tailor-made option available for you.
Full Property Value: £175,000.
The total monthly rental payment includes rent, building insurance, a third-party management charge and the estate 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 currently own another property that isn't being sold?
Is your total combined household income within £80,000 per annum?
Please contact The New Homes Agent for further details on whether you would be eligible for one of these homes. Please note, some shared ownership homes have a local area connection requirement.
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 CO-OP convenience store, a bustling gastro 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.
