3 bedroom house for sale

Overview

We are excited to be offering 3 bedroomed houses for Shared Ownership in the village of West Lynn. These houses are due for phased completions commencing July 2024 onwards (please note this is a guide only). These properties will benefit from a 10 year build warranty. The Development The pretty village of West Lynn has good local facilities including local convenience store/post office, butchers, primary school, social club and the ferry service into Kings Lynn where you will find a wide range of amenities including shops, schools and leisure facilities. There is a main line station with rail links to Ely, Cambridge and London's Kings Cross station. The Property These properties briefly comprise of an Entrance Hall, downstairs WC, Kitchen/Dining Room with and a modern fitted kitchen and separate lounge with patio doors into the rear garden. To the first floor, there are two double bedrooms and one single, one of which includes built-in storage and a family bathroom. Additional benefits include allocated parking for two vehicles and an enclosed rear garden. Prices £63,750 for a 25% share (deposit from £3,187) Monthly Rent on remaining share £438.28 £89,250 for a 35% share (deposit from £4,462) Monthly Rent on remaining share £379.84 £191,250 for a 75% share (deposit from £9,562) Monthly Rent on remaining share £146.09 Other shares can be purchased subject to an affordability assessment. Examples of deposit rates are based on our minimum required deposit rate of 5%. However please seek financial advice to confirm what deposit rate is available to you. Council Tax TBC - due to these properties being new builds and not being previously occupied the council tax and banding has not yet been set. Service Charge - A service charge will be charged against the property and is paid monthly with your rent payment. The service charge is reviewed on an annual basis on April 1st. This will include Buildings insurance, management and any communal/estate charges that may be covered (if applicable). Please contact the sales consultant for details. Ground Rent - Not applicable Homes England Key Information Document - please refer to our website to read through our key information document for this property. This will include pricing details, eligibility and some lease information. NEXT STEPS: 1. For further information, please download our brochure below. 2. TO APPLY NOW, please make an enquiry to contact Platform Home Ownership, the relevant sales consultant will then send you an application form to complete. 3. Upon receipt of your application, we will refer you for an affordability assessment to determine the most affordable share for you. 4. Once you have passed the affordability assessment, we will then be in contact to confirm the availability. 5. If there is a suitable property we will then issue out your offer letter and advice on how to pay your £250.00 reservation fee for your new home. Shared Ownership is a fantastic opportunity if you're an unable to purchase a home on the open market. It allows you to buy a share in a property on a part buy/part rent basis and pay a subsidised rent on the part that you do not own. Over time, you can purchase more shares in your property - this is known as 'staircasing'. This can be done at any time after initial purchase and it will reduce the amount of rent you pay, as the share of the home that you do not own will have got smaller. We will offer shares between 25-75% of the property value depending on the outcome of the affordability assessment. The higher the share you purchase, the lower your rent will be. You will need to be able to obtain a mortgage for the share you want to purchase unless you have sufficient funds to enable you to purchase a share outright. Deposit amounts will be lower than purchasing a property on the open market also the combined cost of mortgage and rent is often cheaper than privately renting in the area. For more detailed information and your obligations in relation to shared ownership please download our 'Guide to Shared Ownership' Am I eligible? Shared Ownership uses the following criteria to help people to get onto the property ladder: - Maximum annual household income of £80,000. - Unable to purchase a home suitable for your needs. Please visit the Homes England website for further guidance using the Homes England Eligibility Checker. *Please note some images are typical and should be used as a guide only For more details and to contact: https://realtyww.info/houses_king-s-lynn-d196765/for-sale_i70424574

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