- 10 year build warranty
- Allocated parking
- Downstairs W/C
- Family bathroom with shower over bath
- Modern fitted kitchen
- Stainless steel oven, hob & extractor
- Turfed rear garden
- Vinyl flooring through kitchen/bathroom
Part of the St Peters Road, West Lynn development
We are excited to be offering 2 bedroomed houses for Shared Ownership in the village of West Lynn. These houses are due for phased completions commencing April 2024 onwards (please note this is a guide only). These properties will benefit from a 10 year build warranty.
The pretty village of West Lynn has good local facilities including local convenience store/post office, butchers, primary school, social club and the ferry service into Kings Lynn where you will find a wide range of amenities including shops, schools and leisure facilities. There is a main line station with rail links to Ely, Cambridge and London's Kings Cross station.
These properties briefly comprise of an Entrance Hall, downstairs WC, Living/Dining Room with and a modern Kitchen. To the first floor, there are two double bedrooms, one of which includes built-in storage and a family bathroom. Additional benefits include allocated parking for two vehicles and an enclosed rear garden.
Please pre-register your interest for this development, we will contact you as soon as we have any further information.
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 property on a part buy/part rent basis and pay a subsidised rent on the part that you do not own. Over time you can purchase more shares in your property - this is known as 'staircasing'. This can be done at any time after initial purchase and it will reduce the amount of rent you pay as the share of the home that you do not own will have got smaller.
We will offer shares between 25-75% of the property value depending on the outcome of the affordability assessment. The higher the share you purchase, the lower your rent will be. You will need to be able to obtain a mortgage for the share you want to purchase unless you have sufficient funds to enable you to purchase a share outright. Deposit amounts will be lower than purchasing a property on the open market also the combined cost of mortgage and rent is often cheaper than privately renting in the area.
Am I eligible?
For more detailed information and your obligations in relation to shared ownership please download our 'Guide to Shared Ownership'
Shared Ownership uses the following criteria to help people to get onto the property 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
You can also follow our property updates on social media @platformhomeownership @PlatformNewHome