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We are delighted to offer this exciting opportunity to buy a brand new 3 bedroom detached home in Welney on a Shared Ownership basis through Freebridge Community Housing. The full market value of £285,000 is available to purchase from a 25% share with a deposit from 5% at £3562.50 (other shares available).

- Three Bedroom Detached New Home
- Generous Living Room and Spacious KitchenDining Room
- Garden with patio area
- Driveway offering ample parking
- Air source heat pump

Situated in an exclusive development and designed with style, comfort and efficiency in mind.
This detached home offers a generous living room leading to the spacious kitchendining room with integrated oven, hob and fan over, with space for a range of built in appliances and patio doors opening onto a wonderful garden. In addition there is a useful storage cupboard and a stylish cloakroom.
To the first floor are two double bedrooms and a further single bedroom that share the family bathroom.

Location

The village of Welney is a civil parish in the Fens of England and offers a church, public house and restaurant, parish hall and a playing field. The village is within a 10 miles radius of a doctor‘s surgery, petrol station and supermarket.

Welney sits between the major market towns of Wisbech and Ely, with Ely‘s cathedral visible from more than 15 miles away. Other local towns and villages include Downham Market, King‘s Lynn, Chatteris, March and Littleport.   Just over 10 miles to the market town of Downham Market which have range of every day amenities, as well as a train station with a direct train to London King‘s Cross.


What is Shared Ownership?

A brand new 3-bedroom detached home available on a shared ownership (part buypart rent) basis. Shares available from 25%-75% on initial purchase with the option to staircase to 80% in the future.

To qualify for shared ownership you will need to meet the following criteria:
⋅ Annual household income less than £80,000
⋅ Unable to purchase a home suitable for your needs without assistance
⋅ Not a current home owner (or named on the deeds of another property) in the UK or abroad
⋅ No outstanding credit issues (ie unsatisfied defaults or County Court Judgements)

Example Share Breakdown
Full market value: £285,000
25% share value: £71,250
5% deposit: £3,562.50
Rent charged on unowned share : 2.75%
Rent on unowned share (75%) : £489.84


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