4 Bed Detached House For Sale

Shared Ownership

This superb modern home is available to buy from as little as £192,000 with a 40% share!

Built in 2019 is this rarely available four bedroom townhouse located in the ever-popular town of Saffron Walden, Essex. This property is beautifully presented throughout and the accommodation comprises a spacious living room, kitchen/dining room, WC on the ground floor. On the first floor there are three bedrooms and a bathroom and there’s a further bedroom on the second floor. Outside there is a good size garden at the rear and there’s driveway parking at the front.

Saffron Walden is a market town in Essex with a range of amenities. The town features a range of dining options including pubs, cafes and coffee shops. The town boasts a variety of independent shops, including gift stores, clothing boutiques, jewellery shops, and antique dealers.
Audley End station, located approximately 2 miles (3 km) from Saffron Walden, serves the Cambridge–London Liverpool Street line. Greater Anglia operates regular services with journey times of about 55 minutes to London and 20 minutes to Cambridge.


PRICING & AFFORDABILITY

Full Market Value: £480,000

40% Share Price: £192,000 (rent £710.28 pcm)
Minimum 5% Mortgage Deposit (40% share): £9,600
Approximate Service Charges: £14.08 pcm*
Shared Ownership Lease: approx. 194 years
Council Tax Band: E

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.

** This home can also be purchased outright (100% of the value) which is £480,000 and a purchaser would not need to meet the eligibility criteria listed above.