3 bedroom semi-detached house
- Modern kitchens with integrated oven, hob and extractor
- Downstairs WC
- 3 bedroom houses
- Enclosed rear garden
- Family bathroom
- 10 year build warranty
- 2 parking spaces
- Bathrooms: 1
- Full market value: £240,000
- Shares available: 35%
- Tenure: Leasehold
- The Development
We are excited to be offering 3 bedroomed houses for Shared Ownership. Ideally situated in the Market town of Wisbech, these houses are due for phased completions commencing Spring 2023 onwards the first phase being released now (please note this is a guide only). These properties will benefit from a 10 year build warranty.
Wisbech has all local amenities including local shops, schools, restaurants and transport links and a bustling town centre. Wisbech offers a range of shops from high street to independent, there are also a range of schools close by, including Wisbech Grammar School.
- The Property
These houses will comprise of hallway, leading to the kitchen/diner, leading to the lounge with downstairs WC and understairs cupboard. upstairs will have 3 bedrooms and a family bathroom. All houses will have turfed rear gardens and parking for 2 vehicles.
Shared Ownership is a fantastic opportunity if you're an unable to purchase a home on the open market. It allows you to buy a share in a brand new leasehold property on a part buy/ part rent basis and pay a subsidised rent on the part that you do not own. After the initial purchase it is possible to buy further shares and eventually own these properties outright.
We will offer shares for sale normally between 25-75% of the property depending on how much you can afford to purchase and charge rent on the remaining share. The bigger the share you buy, the less rent you have to pay. You will need to be able to raise a mortgage for the share you want to purchase unless you have sufficient money to enable you to purchase without. The combined cost of mortgage and rent is often cheaper than privately renting in the area.
- Am I eligible?
Shared Ownership uses the following criteria to help people to get a foot on the housing ladder:
- Maximum annual household income of £80,000.
- Unable to purchase a home suitable for your needs.
Please note some images are typical and should be used as a guide only
% Share Price Monthly Rent 25% £60,000 £412.50 30% £72,000 £385.00 35% £84,000 £357.50 40% £96,000 £330.00 45% £108,000 £302.50 50% £120,000 £275.00 55% £132,000 £247.50 60% £144,000 £220.00 65% £156,000 £192.50 70% £168,000 £165.00 75% £180,000 £137.50