APPLICATIONS OPEN - Newton Meadows

Key features

• APPLICATIONS OPEN
• Prices start from £88,000 for 40% share of full market value (rent, service and management charges apply)
• Opportunity to purchase 40% - 75%
• 2 bedroom bungalow
• 250 Year Lease
• 10 Year New Home Guarantee

Full property description

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Each new build home had been carefully designed to offer spacious practical fitted kitchens, comfortable living spaces well planned bedrooms and attractive exteriors. Every aspect of your new Muir home is carefully finished to the highest standard. The scheme includes vehicular and pedestrian accesses, public open space and landscaping. Newton Meadows is a village location within easy reach of Grantham, Stamford and Melton Mowbray. With a wide range of local amenities and excellent transport links, Newton Meadows is an excellent environment ideal for both growing families and professional commuters.

Full Market Value (2 bedroom semi-detached bungalow): £220,000
40% Share Value (2 bedroom semi-detached bungalow): £88,000
Rent on unowned share (2 bedroom semi-detached bungalow): £302.50 PCM
Service Charge: £25.03 PCM
Council Tax: Council tax bands are often not released until the property is complete.

Fully fitted kitchen with oven, hob and extractor fan
Vinyl flooring to kitchen and bathroom (and cloakroom in the houses)
Gas central heating with High Efficiency Boiler
Double glazing and high performance insulation throughout
Private turfed garden with close board fencing
Parking for two cars


Eligibility
Have a combined household income under £80,000 per annum
Not already own a property, or part of a property, at the time of completing on your purchase
Be unable to purchase a suitable home to meet your housing needs on the open market.
Information on Shared Ownership;
If you can't afford the mortgage on 100% of a home, Shared Ownership offers you the chance to buy a share of your home (between 40% and 75%) and pay rent on the remaining share. You could buy bigger shares when you can afford to do so which is referred to as 'staircasing' and the more shared you own, the less rent you pay. Muir Housing Group offer 'staircasing' to 100% ownership.

Management and estate charges apply.

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