Shared Ownership
This superb modern home is available to buy from as little as £168,000 with a 40% share!
**PLEASE NOTE THIS PROPERTY HAS AN 80% STAIRCASING RESTRICTION **
Occupying a corner plot position within a cul-de-sac in Barkway is this three bedroom end of terrace home. The well presented accommodation provides an entrance hall with stairs rising to the first floor, a spacious reception room, a large kitchen/dining room, utility room, downstairs WC, three bedrooms and a modern bathroom. There is a larger than average garden at the rear and at the front of the property there is a driveway for two cars.
Barkway is a village just outside of Royston. Living in Royston offers several benefits, making it an attractive place for both families and professionals. Royston is well-positioned for easy access to major cities. It's just a short drive to London (about 45 minutes), Cambridge (about 30 minutes), and other towns in Hertfordshire and Bedfordshire. The town also benefits from excellent transport links, including a mainline railway station with direct services to London King's Cross, which makes commuting convenient. Royston has a good selection of local shops, restaurants, cafes, and other amenities. While it’s a small town, it offers plenty of conveniences for everyday living.
PRICING & AFFORDABILITY
Full Market Value: £420,000
40% Share Price: £168,000 (rent £644.25 pcm)
Minimum 5% Mortgage Deposit (40% share): £8,400
Approximate Service Charges: £44.06 pcm*
Shared Ownership Lease: approx. 998 years
Council Tax Band: C
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.
