50% shared ownership – £212,500 (full market value £425,000)
Monthly rent: £546.56 (inclusive of service charge)
Leasehold – approx. 987 years remaining
Staircasing available up to 80%
Spacious kitchen/diner with double doors to garden
Countryside views to the rear
A fantastic opportunity to purchase a 50% shared ownership home in the sought-after Ely, offering spacious and modern living in a beautiful countryside setting.
This well-presented three-bedroom home features a bright kitchen/diner with double doors opening onto the garden, enjoying lovely open views, alongside a separate living room and convenient downstairs WC. Upstairs, there are three generously sized bedrooms, including a master with ensuite, plus a contemporary family bathroom.
With an NHBC warranty remaining, a long lease, and the ability to staircase up to 80%, this is an ideal option for buyers looking to get onto the property ladder in a prime location.
Eligibility Criteria:
To apply, you must:
- Have a household income of £80,000 or less
- Be unable to afford a suitable home on the open market
And meet one of the following:
- First-time buyer
- Previously owned a home but cannot afford to buy now
- Forming a new household (e.g. after a relationship breakdown)
- Existing shared ownership owner looking to move
- Homeowner needing to move but unable to afford a suitable property
If you currently own a home, it must be sold before completing your shared ownership purchase.
All applicants will undergo affordability and credit checks.
Additional Information
Subletting: Renting a room is permitted (must live in the property)
Full subletting only allowed with landlord & lender permission in exceptional circumstances
Pets: Domestic pets and caged birds permitted