£2,5000 towards legal fee’s and moving costs *
Plot 412, This home has a full market value of £152,500 and is available to buy with a deposit of just £1907*. (*Deposit shown is based on purchasing a 25% share with a minimum 5% deposit).
A great opportunity to move into a fabulous brand new 1 bedroom ground floor flat now available at Lamberts Place on a Shared Ownership basis with Sage Housing.
Set just on the edge of Stamford, offering easy access to the A1, and yet still within easy walking distance of the Town centre, Lamberts Place offers access to fantastic amenities including Supermarkets, Coffee Shops, Bars and Restaurants, excellent primary and secondary school options and all the many other local shops and services. There are also numerous leisure facilities locally including Rutland Water fantastic for walkers and water sports and the prestigious Burghley House with its many annual events.
Lamberts Place features the award winning Heritage collection and offers an excellent opportunity for both first time buyers or buyers just looking for an affordable home.
ABOUT THE HOME - The flat itself has a spacious Living Kitchen, One Bedroom and a Bathroom. To the rear is a small garden and to the side is an allocated off-street parking space.
PRICING AND AFFORDABILITY -The share options below are based on the full market value of £152,500.
* 25% share (£38,125) Rent (£262.11pcm)
* 40% share (£61,000) Rent (£209.69pcm)
* 50% share (£76,250) Rent (£174.74pcm)
* 75% share (£114,375) Rent (£87.37pcm)
SERVICE CHARGE INFORMATION - There is a service charge of approximately £43.37 per month.
SHARED OWNERSHIP - The Shared Ownership scheme is a Part-Buy, Part Rent way of owning your own home for a smaller payment up front. 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 on the part you did not purchase.
The combined mortgage and rent is usually less than you would expect to pay if you bought a similar property outright.
At Lamberts Place you can buy a minimum of 25% share of your home (the maximum you can buy initially is 75%). When you are ready you can buy more shares until you staircase to owning 100% of your home. The SO Hub are selling the homes on the Lamberts Place development on behalf of Sage Housing.
*T’s & C’s - £2,5000 towards legal fee’s and moving costs is reimbursed on completion of contracts. You must use a Sage Panel Solicitor to qualify for this incentive and completion of contracts take place by no later than 31st May 2021. Read more