We are pleased to bring to the market this Studio Terraced House Shared Ownership. It is situated in , and is available now

This brand new home is available to buy from as little as £117,500 with a 50% share!

Weldon Park is situated on the outskirts of the attractive village of Weldon, to the East of Corby, and is an ideal location for work and leisure. You’ll be able to enjoy the peaceful rural setting but within minutes be in the hub of a lively town with all the shopping and amenities this provides. It only takes about 6 minutes to drive from Weldon into Corby town centre. The A43 is one of the main routes across the county passing through Weldon and connecting Kettering with Stamford. With easy access to the Northampton countryside, a new home here is in a perfect location.

The village has a local convenience store for all your day-to-day needs, and a range of supermarkets are situated nearby on the outskirts of Corby. Phoenix Parkway retail park is 5 minutes away by car and has a great range of shops and outlets. Corby’s Willow Place Shopping Centre is also within easy reach of Weldon Park and offers a variety of high street names. The popular and historic market towns of Stamford and Market Harborough are both approximately 15 miles away and offer a wide range of boutiques and specialist shops.

This brand new mid terrace home features a kitchen/diner with separate lounge, ground floor cloakroom, two bedrooms, bathroom, parking and a garden.

PRICING & AFFORDABILITY

Approximate Size 635 sq ft

Full Market Value: £235,000

50% Share Price: £117,500 (rent £269.27pcm)
60% Share Price: £141,000 (rent £215.41pcm)
75% Share Price: £176,250 (rent £134.63pcm)

Minimum 5% Mortgage Deposit (50% share): £5,875.00
Approximate Service Charges: £58.33 pcm*
Shared Ownership Lease: 999 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 Weldon Park you can buy a minimum 50% 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.

**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.