House For Sale £92,250
Plot 6: The Glentham - 2-Bedroom Semi-Detached
Price Representative of 45% Share
Built by Lindum and located on a development of 18 homes in the sought after village of Bassingham, this 2-bedroom semi-detached home boasts a driveway with ample parking for 2 cars. Buyers can enjoy a modern family home and rear garden. The ground floor benefits from a spacious living room and a modern kitchen/dining room with rear door leading through to the back garden. There is also a downstairs WC. The kitchen boasts modern fixtures and fittings as well as an integrated hob, oven and extractor. Upstairs, both bedrooms are a good size and there is a modern family bathroom with shower over bath. All properties on this development are fitted with air source heat pumps.
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! If your affordability or circumstances change, you have the opportunity to purchase additional shares in the property, this is called staircasing. It is possible to staircase up to 100% share of the property when affordable for you to do so.
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 £301.83 per month
60% share - Purchase price £123,000 - Rental Amount Payable £231.36 per month
75% share - Purchase price £153,750 - Rental Amount Payable £160.89 per month
Full Property Value: £205,000
Total rent includes rent, building insurance, third party management charge and management charge.
Plots Available in this House Type (The Glentham)
Plot 5 - Prices from 45% share (£92,250) up to 75% share (£153,750)
Plot 6 - Prices from 45% share (£92,250) up to 75% share (£153,750)
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 Bassingham and the surrounding area?
Do you currently own another property that is 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 to the development please use the What3words code: ///remarking.widgets.dramatic
Bassingham is a flourishing sought after village, located close to the banks of the River Witham, a few miles south-west of the Cathedral City of Lincoln. The village offers a good range of local amenities including a Spar shop, Post Office, public houses offering excellent food and drink, doctor's surgery, hair dressers, community centre and a highly regarded primary school.
