House For Sale £82,000
The next phase of Homes at Meden Meadows will be ready to move into from late spring 2024.
A new collection of beautiful 2 & 3 bedroom Shared Ownership houses, located in Warsop, Nottinghamshire.
Plot 179 is a 77 square metre, 3 bedroom end of terrace house with private garden and parking at Meden Meadow, Warsop, Nottinghamshire, available to purchase through Shared Ownership from Legal & General Affordable Homes.
Available to purchase from a 40% share.
Financial Breakdown:
- Full Market Value: £205,000
- 40% Share Value: £82,000
- 5% deposit of 40%: £4,100
- Rent on unowned share: £282 per month
- Service Charge: £82 per month
- Council Tax: TBC*
Legal & General Affordable Homes is offering a unique opportunity to purchase a new home here through Shared Ownership. Thanks to this scheme, you can get on the property ladder sooner than you think with a lower deposit.
The next phase of homes at Meden Meadow will be ready to move into from late Spring 2024.
For more information, please register or contact our Sales Consultant who will be delighted in helping you find your new home.
WHAT IS SHARED OWNERSHIP?
Shared Ownership is a more affordable way to have the security and stability of owning your own home. Shared Ownership is a government backed part buy/part rent scheme designed to help you take that first step on the property ladder. The scheme enables buyers to purchase a share of the value of the home - this is usually between 25 to 75 percent of the value of the property - and pay a subsidised rent on the remaining portion. You have the option to buy a bigger share in the property at a later date (known as Staircasing).
Legal & General Affordable Homes are a Registered Provider offering these apartments for sale on a Shared Ownership basis. We are creating communities to live, grow and flourish and are committed to removing the stress and anxiety associated with moving house, whilst delivering customer satisfaction and quality new homes.
For more information, please register or contact our Sales Consultant who will be delighted in helping you find your new home.
ELIGIBILITY CRITERIA:
To be eligible for a home at Meden Meadow, you'll need to:
- Have a combined household income under £80,000 per annum
- Not already own a property, or part of a property, at the time of completing on your purchase
- Be unable to purchase a suitable home to meet your housing needs on the open market
- Have a minimum of £5,000 to cover the costs of buying a home
- Applicants with a living or working connection to the District of Mansfield will be prioritised
If you don't meet the eligibility criteria for this development, you may still qualify for a shared ownership purchase at one of our others, so take a look at our website for more information.
*Council Tax: TBC
Council tax bands are often not released until the property is complete. If you need any guidance, please get in touch with our Sales Consultants otherwise the local authority or the developer may be able to help.
