Shared Ownership
This superb modern home is available to buy from as little as £112,500 with a 50% share!
A charming and well-presented three-bedroom home located in the sought-after area of Deeping St. James, Peterborough.
On the ground floor, you'll find a spacious and inviting reception room ideal for relaxing or entertaining guests. A convenient cloakroom/WC is located near the entrance for added practicality. The bright and airy kitchen/dining room at the rear of the property is the heart of the home, offering ample space for family meals and access to the garden through French doors – perfect for summer evenings or weekend gatherings.
Upstairs, the first floor boasts three well-proportioned bedrooms, making this an ideal layout for families or those working from home. The main bedroom includes an en-suite shower room for added privacy, while bedrooms two and three offer flexibility for children's rooms, a guest room, or a home office. A modern family bathroom completes the upstairs accommodation, providing both a bath and shower for convenience. There are two parking spaces at the front of the property.
Perkins Place is ideally situated in the popular village of Deeping St. James, just a short distance from the historic market town of Market Deeping and within easy reach of Peterborough city centre. The area boasts a strong sense of community, with a range of local amenities including shops, cafes, pubs, schools, and healthcare facilities all nearby. Families will appreciate the well-regarded local primary and secondary schools, while outdoor enthusiasts can enjoy scenic riverside walks, parks, and nearby nature reserves. Excellent transport links make this location especially convenient, with regular bus services and easy access to the A15 and A16, connecting you to Peterborough, Stamford, and Spalding. Peterborough’s mainline train station also offers direct services to London Kings Cross in under an hour, making this a perfect spot for commuters seeking a balance between rural charm and urban accessibility.
PRICING & AFFORDABILITY
Full Market Value: £225,000
50% Share Price: £112,500 (rent £327.62 pcm)
Minimum 5% Mortgage Deposit (% share): £5,625
NO SERVICE CHARGE
Lease: 121 years (in the process of being update to a 999 year lease)
ELIGIBILITY
Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.
To be eligible for shared ownership you would need to meet the following criteria:
• Your annual household income does not exceed £80,000
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.
*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.
** This home can also be purchased outright (100% of the value) which is £225,000 and a purchaser would not need to meet the eligibility criteria listed above.
