Summerhill Place, Bedford

Property overview

• Brand New Home
• Three Bedrooms
• Shared Ownership
• Semi-Detached Home
• £116,000 - 40% Share
• Private Rear Garden
• Full Market Value - £290,000
• Lounge/Diner With Patio Doors
• Village Location
• All Photos Shown Are From Similar House Types

Property description

Elevation Estate Agents are delighted to offer these brand-new properties to buyers who are aiming to get on to the property ladder using the shared ownership scheme.
In brief the property comprises of an entrance hall, downstairs wc, kitchen at front with integral appliances, large lounge/diner with patio doors to your private rear garden. Going upstairs you will find two very generous double sized bedrooms, a generous single bedroom & family bathroom. Externally the property also offers off road parking for two cars.
Measurements:
Ground Floor
Living Room 5.05m x 3.78m
Kitchen 3.46m x 2.65m
First Floor
Bedroom 1 4.36m x 2.75m
Bedroom 2 3.76m x 2.65m
Bedroom 3 3.33m x 2.01m
Pricing and Affordability
The Share options below are based on the full market value of £285,000
40% Share £116,000 – Rent £398.75 pcm
50% Share £145,000 – Rent £332.29 pcm
75% Share £217,500 – Rent £166.15 pcm
There is a service charge of approximately £27.21 per calendar month also.
Shared Ownership:
The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller upfront payment. 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 share you did not purchase. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright.
Disclaimer: These pictures are only for marketing purposes only and are not pictures of the specific plot’s for sale. These are from similar house types sold previously.