This property is no longer on the market
2 bedroom end of terrace house
Key information
Property description & features
- CONTACT BROWN&CO TO VIEW
- Shared Ownership -
- End of terrace
- Two Bedrooms
- South facing garden
- Own from 57% £119,700
- Staircase to 80%
- Contemporary finish throughout
- Parking
- Must be viewed to fully appreciate
CONTACT BROWN&CO TO VIEW. VIEWERS MUST BE REGISTERED ON HELPTOBUYAGENT3 WEBSITE TO VIEW.
*£210000 Full Market Value own from just 57% at £119,700*.
A modern two bedroom end-terrace home in West Winch, close to the thriving town of King's Lynn. The house benefits from superb, contemporary internal presentation and has a wonderful rear garden which faces South. The house is offered under the shared ownership scheme. Further details of the helpful scheme are listed below.
Inside there is a reception hallway, wc, fitted kitchen and open plan sitting and dining room. Upstairs there are two bedrooms and a family bathroom. Outside there is a landscaped front garden, with the rear garden being a surprising size for a dwelling of this type and makes a superb feature. There are fenced and walled boundaries. There is also dedicated private parking. Heating is via an air source system and there are sealed unit double glazed windows throughout. First hand inspection of this wonderful property is highly recommended.
Detail List
2 bedroom end Terrace House
Air source heating
Full Market Value = £210,000
Minimum share price £119,700 (57%)
Charges £2.08 per week (over 48 weeks)
Rent set at 2.75% of remaining HA equity
80% stair casing available
What is Shared Ownership?
Shared Ownership gives first time buyers and those that do not currently own a home, or perhaps think they cannot afford a home, the opportunity to purchase a share in a new build or resales property, The purchaser pays a mortgage on the share they own, and pays rent to a housing association on the remaining share. Because the purchaser only needs a mortgage for the share they are purchasing, the amount of money required for a deposit is a lot lower when compared to the amount that would be required when purchasing outright. Shared ownership is a government backed scheme.
The purchaser has the option to increase his share during their time in the property via a process known as 'staircasing', and in most cases can staircase to 80% or all the way to 100%, thereby owning the property outright. shared ownership properties are always leasehold.
How shared ownership works
With shared ownership, you buy between a quarter and three-quarters of a property. You have the option to buy a bigger share in the property at a later date. These schemes are aimed at people who don't earn enough to buy a home outright. Most of the homes available are newly built, but some are properties being re-sold by housing associations.
Who can apply for Shared Ownership?
- First-time buyers or those who used to own a home but can't afford one now
- People whose combined household income is less than £80,000 (in London, it's less than £90,000)
- You rent a council or housing association property.
You don't have to be a key worker, such as a nurse or teacher, to apply for shared ownership. Military personnel will be given priority over other applicants.
Advantages of shared ownership
It can enable you to get onto the property ladder more quickly than you might if you were buying a home outright. You can buy additional shares as time goes on and you save more or pay off more of your mortgage It may be cheaper than renting (but not always) You can sell a shared ownership property at any time, and will benefit from any increase in value it's seen since you bought it.
Places of interest
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*DISCLAIMER
Property reference 100005024710. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Brown & Co - Kings Lynn.
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Energy Performance data and Internal floor area
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