This brand new home is available to buy from as little as £156,000 with a 40% share!

Discover Maypole Green, nestled in the historic village of Takeley, just a stone’s throw away from the bustling activity of Stansted Airport. Maypole Green is a captivating development that introduces spacious contemporary homes, all available with shared ownership.

The A120 bypasses the village to the north, linking with Bishop’s Stortford to the west, Stansted Airport to the north, and to Dunmow, Braintree and Colchester to the east. The A120 joins the M11 at J8 just 6 minutes away, providing speedy direct access north to Cambridge and south to Harlow and London.

Stansted Railway Station lies just 2 miles away, and Bishop’s Stortford Railway Station only 5 miles away, with connections to London Liverpool Street in under 40 minutes. Access to the beautiful city of Cambridge is a breeze, with a train journey of just 30 minutes.

This brand new semi detached home features a large open plan lounge/kitchen/diner with a separate ground floor cloakroom. To the first floor are two double bedrooms (bedroom 1 with en suite) and a family bathroom. Externally is allocated parking for two vehicles, EV charging and a garden.

PRICING & AFFORDABILITY

Approximate Size 879 sq ft

Full Market Value: £390,000

40% Share Price: £156,000 (rent £536.25pcm)
50% Share Price: £195,000 (rent £446.88pcm)
75% Share Price: £292,500 (rent £223.44pcm)

Minimum 5% Mortgage Deposit (40% share): £7,800
Approximate Service Charges: £52.04 pcm*
Shared Ownership Lease: 990 years
Council Tax Band: TBC

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.

At Maypole Green you can buy a minimum 25% share of your home (the maximum you can buy initially is 75%). When you’re ready, you can buy more shares until you staircase to owning 100% of your home.

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.

Please note the minimum share you can purchase can vary depending on your financial situation and you may be asked to purchase a larger share, should your personal circumstances permit.

*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.

**These photos are for information purposes only and may not represent a true likeness for the units being sold. They may have been taken from earlier phases or similar developments/house types and digitally furnished to represent how the home could be laid out; the final colours/appearance/specification may differ from the images and are not plot specific. We advise applicants to make their own investigations on future development in the area. We would suggest contacting the local authority for more information.