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347 Shorncliffe Heights

Shared ownership

7 Colonel Drive, Kent, CT20 3WS

For salenew home
Shared ownership
Plot  gallery image
Live from space album cover

from

£143,750

with min. deposit

£7,188

50% Share from
£143,750
Full market price
£287,500
Minimum deposit
£7,188
Monthly rent
£329
Monthly service charge
£50

3 bedroom end of terrace house

Wonderful 3 bedroom terraced house in the Shorncliffe Heights development. The price advertised represents purchasing a 50% share of the home.

 

About the Development

 

Shorncliffe Heights is a brand-new Taylor Wimpey development in the ever lovely Folkestone. Experience the semi-rural lifestyle with both surrounding countryside as well as having the benefits of local town amenities. These three bed terraced houses are the perfect home for young professionals, families and retirees and built to a high spec.

About the Home

 

This plot is a brand new 3 bedroom house with a hallway that leads to the spacious lounge area and to one side you have the …

Features

Bedrooms3
Bathrooms1
Reception rooms1
Furniture statusunfurnished
Number of floors1
Tenureleasehold

from

£143,750

with min. deposit

£7,188

50% Share from
£143,750
Full market price
£287,500
Minimum deposit
£7,188
Monthly rent
£329
Monthly service charge
£50
Sage Housing

Sage Housing

Brochures

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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