Plot 395, A great opportunity to move into a fabulous brand new 1 bedroom quad house now available at Lamberts Place on a Shared Ownership basis with Sage Housing. This home has a full market value of £170,000 and is available to buy with a deposit of just £2,125*. (*Deposit shown is based on purchasing a 25% share with a minimum 5% deposit).
This property is part of the Spring Campaign incentive - T’s
& C’s apply:
3 month rent holiday
£1000 Love2shop voucher on completion
£99 Reservation fee
£500 toward legal fees
About the areaStamford is a delightful Georgian Market Town often voted as one of the top 10 places in the country in which to live. 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. Stamford train Station also offers regular daily services between Birmingham and Stansted Airport via Peterborough (London Kings Cross approx 1 hour).
About the home
The house features an entrance hall with ground floor cloakroom, contemporary open plan kitchen, living, dining room. To the first floor is 1 bedroom and a bathroom. To the front is 2 allocated off-street parking spaces. Kitchen/Dining/Lounge 5.20m x 5.09m (17’1” x 16’8”) Bedroom One 5.10m x 3.80m (16’8” x 12’8”)
Pricing and Affordability - The share options below are based on the full market value of £170,000.
* 25% share £42,500 - Rent £292.19 pcm
* 40% share £68,000 - Rent £233.75 pcm
* 50% share £85,000 - Rent £194.79 pcm
* 75% share £127,500 - Rent £97.40 pcm
* Service charge - £44.54 pcm
Shared Ownership
The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller payment upfront. 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 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. LSL Land and New Homes are selling the homes on the Lamberts Place development on behalf of Sage Housing. Sage Housing is a registered provider committed to providing high quality affordable homes across England.
SPRING CAMPAIGN INCENTIVE T's & C’s
*Rent Holiday – No rent will be collected for the first 3-month period following the date of completion. Mortgage payments will be due on the purchased share, 3-month rent holiday applies to the unpurchased share.
**Love2shop Voucher – Voucher will be provided to the customer on completion.
†Reservation fee – Offer only valid on selected plots, other plots are available.
‡Legal fees – The legal cost contribution will only be made if a recommended solicitor’s is used. The purchase is subject to exchange of contracts up to 28 days after reservation. Legal completion must be by 30th July 2021. Please speak to a member of our Sales Team for more details.