Full price: £160,000 The full value of the property
Share value: 25% - £40,000
Estimated monthly cost*: £446
Estimated Monthly Mortgage*: £200
SO Resi Monthly Payment: £211.82 The monthly payment you make for the share of the home that you don't own
Monthly Service Charge**: £32.93 Residents of a development pay this for maintenance of communal/external areas
* Costs shown are approximate, mortgage figures are shown for illustration purposes only and use a guide interest rate of 3.99%. The actual rate will depend on your circumstances and you should seek mortgage advice to establish a personalised illustration of your mortgage.
** Residents of a development pay this for maintenance of communal/external areas
Years on lease: 89
This beautifully presented three story, three bedroom townhouse in Lincoln, East Midlands is available for sale through the Shared Ownership Scheme. The property comprises entrance hall, kitchen and lounge on the ground floor. On the second floor there are two large bedrooms with family bathroom and on the third floor there is a primary bedroom with en suite. Externally the property offers a well-kept enclosed rear garden and one allocated parking space in a communal area to the rear of the property.
- Minimum income requirement - £14,256
- Income requirement reduces if a higher deposit's available
- Buy more shares for a minimum of 10%
Lincoln is a provincial city in the East Midlands and the county town of Lincolnshire. The city centre is in two parts. The Cathedral/tourist district of the city is known as Uphill, Lincoln. To the south is the conventional commercial district along the pedestrianised section of High Street with major national retailers. Industrial and office developments are concentrated in the Outer Circle Road area to the east of the city centre and along Tritton Road/Doddington Road leading out of Lincoln to the south-west into North Kesteven District. The city is bypassed to the west and north, and is linked to the A1 via the A46 dual carriageway. The property is situated on a relatively modern, residential estate development on the eastern fringes of the city of Lincoln in an area of mixed commercial and residential usage. There is a bus stop close to the house which is within 1.6 miles distance into town local shops including co-op, takeaways, corner shops,Tesco, Aldi/Lidl. Nearest school is 1 mile away as well as public field and the hospital.
One allocated parking space
Close to local amenities in East Midlands
A three bedroom mid-terraced, three storey house located in Lincoln available for sale through the Shared Ownership Scheme.
Available for £40,000 for 25% share based on the marketing figure of £160,000.
SO Resi Monthly Payment - £211.82
Monthly Service Charge - £32.93
Total Monthly Charge - £244.75 PLUS MORTGAGE REQUIRED FOR 25% SHARE.
Entrance hall, cloakroom, kitchen, lounge.
Two bedrooms, family bathroom.
Master bedroom, en-suite shower.
The property has a small forecourt area onto the footpath whilst, to the rear, there is an enclosed, rear garden. There is an allocated car parking space in a communal area to the rear of the property. The property has a gross external floor area of approximately 113 sq m.
Energy Rating Band - C
Environmental Impact Band - C
Please note figures given for SO Resi monthly payment and service charge are correct at time of marketing. There is an annual increase that takes place. Please contact us for more information.
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