Offered for sale with no onward chain, this modern home is available to buy from as little as £60,000 with a 25% share!
A two bedroom semi detached home offering spacious accommodation and a convenient location in the popular village of Littleport.
The ground floor accommodation comprises an entrance hallway with a convenient downstairs WC, a separate fitted kitchen and a generously proportioned reception room. Upstairs, the property offers two well sized bedrooms, together with a family bathroom. Externally is an enclosed rear garden and parking.
Situated within the popular village of Littleport, The Risings enjoys a convenient setting with a range of everyday amenities nearby, including local shops, supermarkets, schools, cafés and leisure facilities. Littleport offers a welcoming community atmosphere surrounded by the attractive Cambridgeshire countryside, while the historic cathedral city of Ely, approximately six miles away, provides a wider selection of shopping, restaurants, entertainment and recreational facilities.
The property is well positioned for commuters, with Littleport railway station approximately one mile away, providing services towards Ely, Cambridge, King's Lynn and London King's Cross. Excellent road connections via the A10 offer convenient access to Ely, Cambridge and the surrounding areas, making this an appealing location for those seeking village living with good transport links.
PRICING & AFFORDABILITY
Full Market Value: £240,000
25% Share Price: £60,000 (rent £524.65pcm)
Minimum 5% Mortgage Deposit (25% share): £3,000
Approximate Service Charges: £38.64 pcm*
Shared Ownership Lease: 987 years remaining
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.
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.
*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.
