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2 Bedroom Bungalow

Home Pasture, Saffron Walden, CB10

£ 190,000

Call the Shared Ownership branch on 02380 820 121

Features:

  • Brand new Shared Ownership home
  • Open plan lounge/kitchen/diner
  • Two double bedrooms
  • Parking
  • Garden
  • Easy access to M11 motorway

 

Property Description:

Shared Ownership

This brand new home is available to buy from as little as £190,000 with a 50% share!

Crocus Fields is situated in the quintessential town of Saffron Walden with a carefully designed collection of brand new homes, the development is ideally situated in the rural north of the town only about a mile from its picturesque medieval centre.

Shoppers are spoilt for choice here, with a Waitrose in the centre, a large Tesco on the outskirts, and an open market on Tuesdays and Saturdays. Held since 1141, the market won the `Best Small Outdoor Market' award in 2018, and is especially popular for its Saturday food stalls. A healthy mix of shops and branches of national retailers meets virtually every need.

Situated just off the M11 and only 16.5 miles from Cambridge and 14 miles from London Stansted Airport, it offers an ideal location for commuting to Cambridge or London, and for business or holiday flights.

This brand new detached bungalow features a spacious and open plan lounge/kitchen/diner, two double bedrooms, family bathroom, parking and garden.

PRICING & AFFORDABILITY

Approximate Size 843 sq ft

Full Market Value: £380,000

50% Share Price: £190,000 (rent £435.42pcm)

60% Share Price: £228,000 (rent £348.33pcm)

75% Share Price: £285,000 (rent £217.71pcm)

Minimum 5% Mortgage Deposit (50% share): £9,500

Approximate Service Charges: £54.40 pcm*

ELIGIBILITY

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 Crocus Fields 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 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.

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.

 

Call the Shared Ownership branch on 02380 820 121