Orpington Road, Royston, SG8
- Brand new Shared Ownership home
- Open plan kitchen/diner
- Ground floor cloakroom
- Three bedrooms
This brand new home is available to buy from as little as £212,500 with a 50% share!
Nestled in the historic market town of Royston, Hedera Gardens is a brand new development, located within an easy commute of Cambridge. The A10, A1 & M11 are within easy reach as well as Royston Train Station with a regular service direct to London Kings Cross & Pancras International. Both London Stansted and Luton airports are approximately a 40-minute drive from Hedera Gardens.
Closer to home, you'll find a choice of good and outstanding local schools, great shopping and lots to do in your leisure time. Surrounding Royston there is beautiful countryside and some delightful villages, such as Barley, Therfield and Barrington, just to name a few, which are within just a few miles of the town.
This brand new end of terrace home has accommodation that includes: entrance hall, cloakroom, lounge, a separate kitchen/diner, three bedrooms, bathroom, allocated parking and garden.
PRICING & AFFORDABILITY
Approximate Size 84.07 sq m
Full Market Value: £425,000
50% Share Price: £212,500 (rent £486.98pcm)
60% Share Price: £255,000 (rent £389.58pcm)
75% Share Price: £318,750 (rent £243.49pcm)
Minimum 5% Mortgage Deposit (50% share): £10,625
Approximate Service Charges: £58.28 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 on the share 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.
At Hedera Gardens you can buy a minimum 50% 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.
To be eligible for shared ownership you would need to meet the following criteria:
' Your household income does not exceed £80,000 (outside of London) and £90,000 (inside of London)
' 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.
**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.
Leaders Romans Group are selling the homes 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 www.sagehousing.co.uk.