£188,750 /Sale price

Shared OwnershipThis brand new home is available to buy from as little as £188,750 with a 50% share!Fallows Watch offers a selection of brand new Shared Ownership homes in the picturesque village of Little Easton. You can make the most of living close to nature, while enjoying excellent travel links. London Liverpool Street is an hour from Elsenham Station while Stansted Airport, the M11 and A120 are easily accessible for travelling further afield.Little Easton offers the best of both worlds, nestled in a panorama of woods and rolling countryside, with the rivers Chelmer and Roding forming the boundary of this beautiful, historic village. At Fallows Watch, you're moments from Great Dunmow's amenities and just 20 minutes from the waterside town of Bishop's Stortford in Hertfordshire.This brand new semi detached home offers spacious accommodation that includes an entrance hall with access, an open plan lounge/diner, separate kitchen, two double bedrooms and a bathroom. Externally is parking and an enclosed rear garden.PRICING & AFFORDABILITYApproximate Size 859 sq ftFull Market Value: £377,50035% Share Price: £132,125 (rent £562.32pcm)50% Share Price: £188,750 (rent £432.55pcm)75% Share Price: £283,125 (rent £216.28pcm)Minimum 5% Mortgage Deposit (35% share): £6,607Approximate Service Charges: £72.41 pcm* Shared Ownership Lease: 990 yearsCouncil Tax Band: TBCELIGIBILITYShared 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.At Fallows Watch shares are being offered from 35% (the maximum you can buy initially is 75%). When you're ready, you can buy more shares until you staircase to owning 100% of your home.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.Please note the minimum share you can purchase can vary depending on your financial situation and you may be asked to purchase a larger share, should your personal circumstances permit.*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.**These photos are for information purposes only and may not represent a true likeness for the units being sold. They may have been taken from earlier phases or similar developments/house types and digitally furnished to represent how the home could be laid out; the final colours/appearance/specification may differ from the images and are not plot specific. We advise applicants to make their own investigations on future development in the area. We would suggest contacting the local authority for more information.