3 Bed Detached House For Sale

Brand new 3-bedroom SHARED OWNERSHIP semi-detached homes are now available at Southfields in Witham. Designed to maximise space for modern living, The Pyrus is perfect for couples and growing families.

Available to purchase from £102,500 with a deposit from £5,125 which represents a 25% share of the full market value of £410,000.

The Pyrus is a 3-bedroom semi-detached home benefiting from an ideal layout, perfect for growing families. The long windows to the front of the property provide a light and airy feel to the lounge and master bedroom. Downstairs also features a kitchen/diner with WC and dedicated utility space.
The master bedroom at the front of the property has an en-suite and built-in wardrobe. There is then a family bathroom, second bedroom also with a wardrobe and a third bedroom ideal for an office space or nursery.

Southfields is an exciting development of one and two bedroom apartments complimenting a range of two, three, four and five bedroom stylish homes. Here at Southfields you can enjoy the unique combination of high quality contemporary homes, modern convenience and natural surroundings.

Kitchen/Dining - 17’ 6” x 12’ 5”
Living - 14’ 0” x 16’ 5”
WC - 4’ 1” x 6’ 1”
Bedroom 1 - 10’ 1” x 11’ 5”
Bedroom 2 - 9’ 7” x 12’ 10”
Bedroom 3 - 7’ 8” x 9’ 1”
Bathroom - 7’ 3” x 6’ 5”

Total Area – 1,027 sqft

What is Shared Ownership? Shared ownership could be your step on to the property ladder. This home ownership scheme allows you to purchase a share in your home and rent the remaining unowned share. Over time, in most cases you can buy more shares in your home until you own the full 100%, but restrictions may apply in some locations.
How does Shared Ownership Work? You buy an initial share of usually between 40% and 75% of the property's full value and pay a subsidised rent on the remaining share you don't own. You may purchase further shares up to 100% of the full property value, as your circumstances change, although there is no obligation to do so. You will be asked to speak with a Financial Advisor to assess what share you can buy, ensuring this is both affordable and sustainable, based on your circumstances. Shared ownership can be cheaper than renting a property privately as the mortgage cost and subsidised rent usually add up to less than the equivalent rental payments to a landlord.

Example:
. Property Purchase price £410,000
. You purchase a 25% share = £102,500 funded through a combination of your own deposit (£5,125) and mortgage (£97,375)
. You rent the remaining 75% share = £307,500 x 2.75% rent = rent of £704.69 per month
. 75% is the maximum share price which you can initially purchase.
. There is an option to purchase up to 100% of the property value at a later point should you wish to do so.
. You enjoy all the benefits of living in a brand new home with an open market value of £410,000
. You can stay in the property for as long as you wish and can sell the share you own at any time. You make the decisions.
. Please speak to one of our advisors to find out more about owning a share of this fabulous property.

Service charge also applies on this development, please contact our sales advisors for further details


** typical interior images and may not depict actual house type **