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176 The Lees

Shared ownership

Plot 176, Sellindge, TN25 6GB

For salenew home
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1 bedroom flat

Wonderful 1 bedroom apartment in the Lees development. The price advertised represents purchasing a 45% share of the home.

 

About the Development

 

Located in the beautiful village of Sellindge, which is well known for the countryside, relaxing lifestyle and well placed for access to Ashford town centre and the coast. With a new village green open and a play area planned, residents will benefit from areas of outdoor space on their doorstep.

There is a nursey & selection of primary schools all within 4 miles of The Lees. Furthermore, beauty salons, pubs & restaurants, supermarkets, sporting facilities are all available nearby.

About the Home

 

This …

Features

Bedrooms1
Bathrooms1
Reception rooms1
Furniture statusunfurnished
Number of floors1
Tenureleasehold

from

£64,125

with min. deposit

£3,207

45% Share from
£64,125
Full market price
£142,500
Minimum deposit
£3,207
Monthly rent
£180
Monthly service charge
£85
Sage Housing

Sage Housing

FAQs

Shared ownership is a government-backed scheme, designed to make stepping onto the property ladder more affordable. You buy a portion of a home normally with a mortgage and a deposit, and pay a low-cost rent on the rest.

Read more on the Shared Ownership FAQ

Help to Buy is an equity loan scheme to help you buy a new home. If you have a 5% deposit and can cover 75% of the value of the home with a mortgage (or 55% in London), the Government will lend you up to the remaining 20% (40% in London) in the form of an equity loan that carries 0% interest in the first 5 years. This is available on a variety of new-build properties for first time buyers and is subject to the property price, the subsequent price cap in that region and the developer offering the option.

You can read more on the Help to Buy FAQ

The rules for shared ownership are different to a private purchase. In short, as long as you don’t currently own, or won’t own another property when you move in to a new home, you’re likely to qualify. Help to Buy is available to first time buyers only and the property value itself must fall below a price threshold for that specific area which varies in terms of the average house price in the region.

Read more about eligibility in the FAQ

Some properties require you to live or work in the local area in order to be eligible to buy them. By knowing the areas in which you live and work, we can make sure you see everything available to you.

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