Shared Ownership
This superb modern home is available to buy from as little as £125,000 with a 50% share!
Located in a popular residential area, this spacious semi detached home offers comfortable living with a practical layout.
The accommodation includes a lounge/diner at the back of the house with French doors that open to the garden, a separate fitted kitchen and a ground floor colakroom. To the first floor are three bedrooms (en suite to bedroom one) and a family bathroom. Externally is driveway parking at the front of the house and an enclosed garden to the rear.
The property is well located for a range of local amenities. Nearby you’ll find supermarkets, convenience stores, cafés and takeaways, making everyday shopping easy. Families will appreciate the selection of local primary and secondary schools within easy reach, as well as nearby parks and green spaces for leisure and recreation. Healthcare facilities and fitness centres are also conveniently accessible.
Peterborough city centre is just a short drive away, providing access to a wider range of shopping, dining and entertainment options. Peterborough railway station offers fast direct services to London King’s Cross, Cambridge and other major cities, making the area attractive for commuters. The property also benefits from good road links, with easy access to the A47, A15 and connections to the A1(M).
PRICING & AFFORDABILITY
Full Market Value: £250,000
50% Share Price: £125,000 (rent £367.72 pcm)
Minimum 5% Mortgage Deposit (50% share): £6,250
Approximate Service Charges: £10.71 pcm*
Lease: 121 years remaining
Council Tax Band: C
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.
