2 bedroom house
Plot 225- The Sandpiper – 2-Bedroom Mid Terrace
Price Representative of 50% Share
This spacious 2-bedroom end terrace house has ample parking with 1 allocated, off street parking space. Buyers can enjoy a large family home and non-overlooked rear garden. The ground floor benefits from a contemporary kitchen, WC and living/dining room. The kitchen boasts modern fixtures and fittings as well as an integrated hob, oven and extractor. Upstairs, there are two double bedrooms and a modern family bathroom with shower over bath.
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! As you build equity in your home, you can increase your ownership over time, eventually owning 100% of the property.
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 £85,500 – Rental Amount Payable £280.32 per month
60% share – Purchase price £114,000 – Rental Amount Payable £215.01 per month
75% share – Purchase price £142,500 – Rental Amount Payable £149.69 per month
Full Property Value: £190,000
Total rent includes rent, building insurance, third party management charge and management charge.
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 West Lindsey?
Do you currently own another property that isn’t 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.
Whilst every care has been taken to prepare these sales particulars, they are for guidance purposes only. All measurements are approximate and for general guidance purposes only and whilst every care has been taken to ensure their accuracy, they should not be relied upon and potential buyers are advised to re-check the measurements.
Computer Generated Images / Visualisations
External computer-generated visualisation images (CGI’s) are given as a guide only and cannot be relied upon for 100% accuracy. Buyers are advised that completed homes may differ slightly in appearance once built and so all images, sizes, design and plans are given for guidance purposes only. The developer reserves the right to make amendments to the design and specification throughout the build.