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East Newlands, Somersham

Shared ownership

Newlands Way, Somersham, PE28 3EB

For salenew home
Shared ownership
Photo of East Newlands, Somersham
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  • from

    £

    2 bedroom

from

TBD

with min. deposit

TBD

Homes by Muir

£120,000

3 bedroom end of terrace house

£120,000

3 bedroom end of terrace house

Availability

For sale

For sale

Minimum share

40%

40%

Full market price

£300,000

£300,000

Deposit from

£6,000

£6,000

Monthly rent

£412.5

£412.5

Monthly service charge

£26.68

£26.68

Annual ground rent

£0

£0

Reservation fee

£250

£250

Bedrooms

3

3

Bathrooms

2

2

Reception rooms

1

1

Furniture status

unfurnished

unfurnished

Number of floors

2

2

Entrance floor

Ground floor

Ground floor

Tenure

leasehold

leasehold

Lease years

250

250

Property features

Back GardenCentral heatingDouble GlazingPets allowedDriveway
Back GardenCentral heatingDouble GlazingPets allowedDriveway

Overview

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

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.

from

TBD

with min. deposit

TBD

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