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Ashby Gardens

Shared ownership

Ashby Gardens, Ashby de la Zouch, LE65 2RF

For sale
Shared ownership
Photo of Ashby Gardens
Live from space album cover

from

£92,000

with min. deposit

£4,600

40% Share from
£92,000
Full market price
£230,000
Minimum deposit
£4,600
Monthly rent
£316
Monthly service charge
£12.27
Annual ground rent
£0
Reservation free
£500
Administration free
£0

2 bedroom end of terrace house

Ashby Gardens offers shared-ownership homes in the market town of Ashby de la Zouch.

Emh is pleased to offer The Packington, a 2-bedroom home for sale on a shared ownership basis.

Shares can be purchased from 25% to 75% initially (this is based on 5% increments, dependent on affordability and approval of eligibility for the Shared Ownership Scheme by Help to Buy Midlands).

Staircasing can be applied for after 12 months to increase the share owned up to 100%.

Property features include:

  • 2-bedroom house
  • Living room / diner
  • Fitted kitchen
  • Built in stainless steel oven, hob and cooker hood
  • Downstairs WC & family bathroom with shower over the bath
  • Gas …

Features

Central heating

Pets allowed

Off street parking

Rear Garden

Bedrooms2
Bathrooms1
Reception rooms1
Furniture statusunfurnished
Number of floors1
Entrance floorGround floor
Tenureleasehold
Lease years125

from

£92,000

with min. deposit

£4,600

40% Share from
£92,000
Full market price
£230,000
Minimum deposit
£4,600
Monthly rent
£316
Monthly service charge
£12.27
Annual ground rent
£0
Reservation free
£500
Administration free
£0
EMH Group

EMH Group

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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