Shared Ownership available in Ely, Cambridgeshire – 3 bed semi detached house available for £118,000 for 40% share
Key features of this part buy part rent Cambridgeshire home
Stonewater Homes are marketing this lovely shared ownership property on behalf of the vendor. This is a 3 bedroom semi – detached house that consists of an entrance hallway, downstairs cloakroom, kitchen, living room, 3 bedrooms family bathroom. There is a 40% share available for £118,000 with the ability to purchase additional shares of up to 100%. Service charges and rent at the property amount to £355.66. EPC rating is current ‘C’ with Gas central heating.
Externally you will find an enclosed rear garden, a single garage and one allocated parking space.
The property is located within walking distance of the local primary and secondary schools, shops and restaurants. Close by you also have a leisure centre and playing fields.
EligibilityShared Ownership homes are aimed at first time buyers or those who used to own a home, but are unable to buy one at the moment. It’s a way to get your foot on the property ladder enabling you to buy your first home.
- You are eligible if you have a household income that is less than £80,000 per year (in London it is less than £90,000).
- You don’t have to get a massive deposit because you will only need a mortgage for the share you are buying.
- The share of a property typically starts at 25% which you can take out a mortgage for, although the amount of share available to buy will be dependent on the housing provider.
- In addition you be required to pay a reduced rent as well as a mortgage.
Property listed on MovingSoon.co.uk by Stonewater Homes Resales.
Please make sure you include a contact number and email address as well as quoting Property ID (#77869) when submitting your enquiry.
- Shared Ownership Resales
22 Allen Road, Ely, UK, CB7 4NL
- Overall Property Price
- £ 295,000
- Shared Ownership Amount From
- 40% / £ 118,000
- Estimated Monthly Service Charge
- £ 34
- Semi-Detached House
- Shared Ownership
- Cambridgeshire / Ely
- Energy Rating
- Date Listed
- Estimated Available From Date
- Property Views
Contact Stonewater Homes Resales about:
For Sale in Ely, Cambridgeshire
3 bedroom Semi-Detached House