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NEW HOME

London Road, PE20

PROPERTY TYPE

Detached

BEDROOMS

3

BATHROOMS

2

SIZE

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Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Key features

  • Fully fitted modern kitchen / diner with integrated oven, hob and extractor
  • Lounge
  • 2 double bedrooms and 1 single. Master with en-suite
  • Family bathroom
  • Enclosed turfed rear garden
  • Allocated parking for 2 vehicles
  • 10 year build warranty
  • Price shown is for a 50% share with a monthly rent of £329.29
  • The Lock Plot 66
  • Fully carpeted

Description

We are excited to be offering a 3 bed house for Shared Ownership in the market town of Kirton available from February 2024 onwards. These properties will benefit from a 10 year build warranty.

The Development

Kirton is a pretty market town which has many amenities for locals and visitors. These include restaurants, takeaways, schools, and pubs. Kirton is excellently positioned just 6 miles from Boston which offers more supermarkets and great transport links via bus and train.


Kirton also has excellent nursery's and secondary and primary schools.


The Property

THE LOCK

These properties briefly comprise of an Entrance Hall, Utility room, downstairs WC, Kitchen/Dining Room with and a modern fitted kitchen and separate lounge with patio doors into the rear garden. To the first floor, there are two double bedrooms, one with en-suite and one single and a family bathroom. Additional benefits include allocated parking for two vehicles and an enclosed rear garden.

Prices

£65,500 for a 25% share (deposit from £3,275)
Monthly Rent on remaining share £450.32

£91,700 for a 35% share (deposit from £4,585)
Monthly Rent on remaining share £390.27

£131,000 for a 50% share (deposit from £6,550)
Monthly Rent on remaining share £329.29


Other shares can be purchased subject to an affordability assessment.

Examples of deposit rates are based on our minimum required deposit rate of 5%. However please seek financial advice to confirm what deposit rate is available to you.

Council Tax TBC - due to these properties being new builds and not being previously occupied the council tax and banding has not yet been set.

Service Charge - A service charge will be charged against the property and is paid monthly with your rent payment. The service charge is reviewed on an annual basis on April 1st. This will include Buildings insurance, management and any communal/estate charges that may be covered (if applicable). Please contact the sales consultant for details.

Ground Rent - Not applicable

Homes England Key Information Document - please refer to our website to read through our key information document for this property. This will include pricing details, eligibility and some lease information.

NEXT STEPS:
1. For further information, please download our brochure below.
2. TO APPLY NOW, please make an enquiry to contact Platform Home Ownership, the relevant sales consultant will then send you an application form to complete.
3. Upon receipt of your application, we will refer you for an affordability assessment to determine the most affordable share for you.
4. Once you have passed the affordability assessment, we will then be in contact to confirm the availability.
5. If there is a suitable property we will then issue out your offer letter and advice on how to pay your £250.00 reservation fee for your new home.
Shared Ownership is a fantastic opportunity if you're an unable to purchase a home on the open market. It allows you to buy a share in a property on a part buy/part rent basis and pay a subsidised rent on the part that you do not own. Over time, you can purchase more shares in your property - this is known as 'staircasing'. This can be done at any time after initial purchase and it will reduce the amount of rent you pay, as the share of the home that you do not own will have got smaller.
We will offer shares between 10-75% of the property value depending on the outcome of the affordability assessment. The higher the share you purchase, the lower your rent will be. You will need to be able to obtain a mortgage for the share you want to purchase unless you have sufficient funds to enable you to purchase a share outright. Deposit amounts will be lower than purchasing a property on the open market also the combined cost of mortgage and rent is often cheaper than privately renting in the area.
For more detailed information and your obligations in relation to shared ownership please download our 'Guide to Shared Ownership'

Am I eligible?
Shared Ownership uses the following criteria to help people to get onto the property ladder:
- Maximum annual household income of £80,000.
- Unable to purchase a home suitable for your needs.

Please visit the Homes England website for further guidance using the Homes England Eligibility Checker.

*Please note some images are typical and should be used as a guide only

Brochures

Brochure 1
COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
Ask agent
PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
Driveway
GARDENA property has access to an outdoor space, which could be private or shared.
Enclosed garden
ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent

London Road, PE20

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About Platform Housing Group, Solihull

1700 Solihull Parkway Birmingham Business Park Birmingham B37 7YD

Platform Home Ownership is part of Platform Housing Group.

At Platform Home Ownership, we have helped thousands of people to realise their dream of buying their own home over the 30+ years that we have been operating.

We offer an affordable route to homeownership, with properties available for outright sale, shared ownership and rent to buy

Across Platform, we have a commitment to make a real positive difference to lives of our customers and the communities they live in.

Please contact us for further information.

Your mortgage

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Years
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Monthly repayments
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Disclaimer - Property reference TheSycamoresKirtonTheLock50pc. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Platform Housing Group, Solihull. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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