About the home:
A delightful three Bedroom end of terrace home available in the popular St Marys Development in Biddenham with just a £6,350 deposit required for a 40% share.
The Rowan is a three bedroom family home comprising an entrance hall giving access to the WC with access to the kitchen, living and dining space. The living space offers double French doors onto the rear garden.
The first floor gives access to all rooms from the landing with bedrooms two and three to the front of the home and bedroom one with an en suite shower room to the rear. There is also a family bathroom.
Externally there is a good size rear garden and two allocated parking spaces.
About the area:
This exciting new development is about three miles from the county town of Bedford with its excellent transport and commuter links. The development is within walking distance of Bedford's mainline railway station where there are fast and frequent services to the capital. Bedford has a choice of local schools, community, leisure and sports facilities and great shopping and restaurants.
New community facilities and a brand new lower school are also planned, along with a country park and footpaths and cycle links into town.
The dimensions are:
Kitchen- 3.58 x 3.03m (11'9" x 9'11")
Living / Dining room - 5.18m x 4.75m (17'0" x 15'7")
Bedroom one - 3.63m x 2.69m (11'11" x 9'x8")
Bedroom two - 3.04m x 2.94m (10'10" x 9'8")
Bedroom Three -3.52m x 2.15m (11'7 x 7'x12')
Pricing and Affordability:
The share options below are based on the full market value of £317,500
40% share £127,000 - Rent £436.56pcm
50% share £158,750 - Rent £363.80pcm
75% share £238,125 - Rent £181.90pcm
Plus, you will pay a service charge of approximately £47.28 pcm
The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller up front payment. With Shared Ownership, you buy a share of your home using a mortgage from a bank or building society and pay a subsidised rent you did not purchase. The combined mortgage and rent is usually less than you'd expect to pay if you bought a similar property outright.
On the St Marys in Kings Field development, you can buy a minimum 40% share of your home (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.
Lane and Holmes are selling the homes on the St Marys in Kings Field development on behalf of Sage Housing. Sage Housing is a Registered Provider committed to providing high quality affordable homes across England. For more information on Sage Housing visit sagehousing .co.uk.
Property ref: 219_25_4839993