Shared Ownership
This superb modern home is available to buy from as little as £134,750 with a 35% share!
Nestled within the sought after village of Henlow, this attractive modern home offers spacious and versatile accommodation arranged over three floors. The ground floor features a welcoming entrance hall, convenient cloakroom, and a bright kitchen/dining room. To the rear, the generous sitting room provides an excellent space to relax, with plenty of room for family and guests. The first floor hosts two well proportioned bedrooms alongside a family bathroom, while the impressive second floor principal bedroom benefits from its own en suite shower room and occupies the entire top floor.
Old Orchard View enjoys a desirable position within Henlow, a charming Bedfordshire village known for its friendly community atmosphere and attractive countryside surroundings. Residents benefit from a range of local amenities including shops, pubs, cafés and well-regarded schools, while nearby market towns such as Hitchin and Biggleswade offer an even wider selection of shopping, dining and leisure facilities. The surrounding countryside provides excellent opportunities for walking, cycling and outdoor pursuits.
The property is well placed for commuters, with nearby railway stations at Arlesey and Hitchin providing direct services into London St Pancras. Excellent road links are available via the A1(M), offering convenient access to London, Cambridge and the wider motorway network. Combining village charm with excellent connectivity.
PRICING & AFFORDABILITY
Full Market Value: £385,000
35% Share Price: £134,750 (rent £629.48 pcm)
Minimum 5% Mortgage Deposit (35% share): £6,738
Approximate Service Charges: £85.23pcm*
Lease: 88 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.
