“The Woodpecker”, The Meadows, Dunholme
£120,000

Plot 210- The Woodpecker – 2-Bedroom Semi-Detached Home
Price Representative of 60% Share

This spacious 2-bedroom semi-detached home boasts ample parking with 2 allocated, off street parking spaces. Buyers can enjoy a modern family home and rear garden. The ground floor benefits from a contemporary kitchen, WC and living/dining room with patio doors leading to the rear garden. The kitchen boasts modern fixtures and fittings as well as an integrated hob, oven and extractor. Upstairs, there are two double bedrooms and a modern family bathroom with shower over bath.

About Shared Ownership

With shared ownership, you’ll purchase a share of your home which will be subject to your individual affordability. You’ll then pay rent on the remaining share owned by Longhurst Group – the housing association. This means you’ll have lower monthly payments than you would with a traditional mortgage, making it a great option for first-time buyers or those needing to downsize.

But that’s not all! If your affordability or circumstances change, you have the opportunity to purchase additional shares in the property, this is called staircasing. It is possible to staircase up to 100% ownership of the property when affordable for you to do so.

All properties on this development that are for sale with The New Homes Agent are available to purchase on a shared ownership basis only, with shares between 45% and 75% being made available.

Example Share Breakdowns

Please find examples of share amounts available provided:

45% share – Purchase price £90,000 – Rental Amount Payable £296.93 per month
60% share – Purchase price £120,000 – Rental Amount Payable £228.18 per month
75% share – Purchase price £150,000 – Rental Amount Payable £159.43 per month

Full Property Value: £200,000

Total rent includes rent, building insurance, third party management charge and management charge.

Shared Ownership Criteria

In order to submit an application for a shared ownership home, you’d need to consider the following criteria.

Do you have a local connection to West Lindsey?
Do you currently own another property that is being sold?
Is your total combined household income within £80,000 per annum?

For further details on whether you would be eligible for one of these homes, please contact The New Homes Agent.

Location

For the exact location please use the What3words code: ///dividers.overlaps.forum
https://what3words.com/dividers.overlaps.forum

Located within just 5 miles of Lincoln, with easy access to the city centre via the A46, The Meadows in Dunholme has easy access to local amenities including a Co-op Foodstore and village hall.