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73 The Heath

Shared ownership

2 Stonecrop Place, Sandbach, CW11 4BZ

For salenew home
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1 bedroom maisonette

Brand new 1-bedroom Maisonette in the Heath development, available through shared ownership in Newmarket. The price represents purchasing a 45% share of the property

 

*The images used are indicative. They represent a selection of our apartments on other Barratt Homes developments.

  

About the Development

Set in the beautiful town of Sandbach, we have the last 2 bedroom houses available on The Heath development. Theses terraced home have been built in the Alnwick style, offering a spacious lounge to the front of the home, kitchen diner to the rear and two spacious double bedrooms on the first floor. The homes include allocated parking, …

Features

Bedrooms1
Bathrooms1
Reception rooms1
Furniture statusunfurnished
Number of floors1
Tenureleasehold

from

£47,250

with min. deposit

£2,363

45% Share from
£47,250
Full market price
£105,000
Minimum deposit
£2,363
Monthly rent
£132
Monthly service charge
£38.77
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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