This superb modern home is available to buy from as little as £185,000 with a 40% share!
This well presented end townhouse offers spacious and versatile accommodation arranged over three floors. The ground floor features an impressive open plan kitchen, sitting and dining room, together with a convenient cloakroom. On the first floor are two bedrooms, including a generous principal bedroom, alongside a family bathroom and an ensuite shower room. The second floor is dedicated to a particularly spacious third bedroom, offering excellent potential as a main bedroom, guest suite or home office. Externally is off road parking and an enclosed rear garden.
Thompson Road is situated within the popular Bedfordshire town of Arlesey, offering a pleasant balance of local amenities and surrounding countryside. The town benefits from a selection of convenience stores, independent shops, pubs, takeaways and a pharmacy, alongside local schooling including Gothic Mede Academy. Nearby Hitchin, Letchworth Garden City and Biggleswade provide a wider range of shopping, restaurants and leisure facilities, while the surrounding countryside offers opportunities for walking, cycling and outdoor recreation.
The property is well positioned for commuters, with Arlesey railway station providing regular services towards London King's Cross, Stevenage and Peterborough. Road connections are equally convenient, with access to the A507 and A1(M), linking to Hitchin, Letchworth Garden City, Bedford and the wider motorway network. This combination of road and rail links makes Arlesey an attractive location for those commuting into London or travelling throughout the surrounding region.
PRICING & AFFORDABILITY
Full Market Value: £462,500
40% Share Price: £185,000 (rent £654.03pcm)
Minimum 5% Mortgage Deposit (40% share): £9,250
Approximate Service Charges: £62.59pcm*
Shared Ownership Lease: 119 years remaining
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.
