Shared Ownership

This brand new home is available to buy from as little as £58,750 with a 25% share!

Holdingham Grange offers a fantastic opportunity to buy your new home Close to the thriving market town of Sleaford. Sleaford boasts a large range of amenities including a well-known supermarket, high street stores, a range of independent shops and choice of restaurants. The beautiful Norfolk coast is approximately an hour away by road but there are a host of fenland walks closer to home, including routes along the picturesque River Slea - perfect for family outings and romantic picnics. Sleaford has something to suit everyone’s interests including a School of Motoring, Pro Martial Arts School and Go Dance Studio. Sport is high on the town’s agenda with a recently-refurbished leisure centre and state-of-the-art gyms.

The development offers excellent commuter links; the train from Sleaford takes you to Grantham in approximately 30 minutes where it meets the London mainline. Furthermore; you’ll find rail links to Lincoln in 30 minutes, Peterborough and Doncaster in approximately 1 hour and 15 minutes, or even Skegness in just over an hour. Holdingham Grange offers quick and easy access to major road links, including the A15 and A17 for travel further afield.

The town’s well-respected secondary schools – Kesteven and Sleaford High School and St George’s Academy and Carre’s Grammar School - have all been rated ‘Good’ by Ofsted. There are also numerous primary schools, namely Sleaford Church Lane, St Botolph’s CE and William Alvey CE School as well as many nurseries and day care facilities within the area.

This brand new semi detached home features a kitchen/diner at the back of the house with a separate lounge, ground floor cloakroom, three bedrooms, bathroom, parking and garden.

PRICING & AFFORDABILITY

Approximate Size 923 sq ft

Full Market Value: £235,000

25% Share Price: £58,750 (rent £403.91pcm)
50% Share Price: £117,500 (rent £269.27pcm)
75% Share Price: £176,250 (rent £134.64pcm)
Minimum 5% Mortgage Deposit (25% share): £2,938

Approximate Service Charges: £50.80 pcm*

ELIGIBILITY

Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.

At Holdingham Grange you can buy a minimum 25% share of your home (the maximum you can buy initially is 75%). When you’re ready, you can buy more shares until you staircase to owning 100% of your home.

To be eligible for shared ownership you would need to meet the following criteria:

• Your annual household income does not exceed £80,000
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.

Please note the minimum share you can purchase can vary depending on your financial situation and you may be asked to purchase a larger share, should your personal circumstances permit.

*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.

**These photos are for information purposes only and may not represent a true likeness for the units being sold. They may have been taken from earlier phases or similar developments/house types and digitally furnished to represent how the home could be laid out; the final colours/appearance/specification may differ from the images and are not plot specific. We advise applicants to make their own investigations on future development in the area. We would suggest contacting the local authority for more information.

SOWN are selling the homes on behalf of Sage Homes. Sage Homes is a Registered Provider committed to providing high quality affordable homes across England. For more information on Sage Homes visit www.sagehomes.co.uk
Service Charge: 609.6.