For Sale3 Bedroom Semi-Detached House in The Willows, Wilsford Lane, Ancaster, Grantham, Lincolnshire, NG32£157,500

Take your first step onto the property ladder with this brand-new, three-bedroom semi-detached home, available through the Shared Ownership scheme. With a full market value of £210,000, you can purchase a 75% share for just £157,500. These three bedroom homes offer a modern fitted kitchen, to the rear of the property there is a separate lounge-diner with French doors leading out to the garden. The ground floor also includes a downstairs WC, and added storage space. The first floor serves the three bedrooms and family bathroom. Externally there is a private garden and allocated parking. The properties on built by Bellway and are located within their development called The Willows. The Willows is found in Ancaster, Lincolnshire, around nine miles north east of Grantham. The development falls under the administration of South Kesteven District Council, a subsidiary of Lincolnshire County Council. Financial Breakdown: Full market value: £210,000 75% share value: £157,500 5% deposit: £7,875 Rent charged on un-owned share: 2.75% Monthly Rent on un-owned share (50%) £120.31 Monthly Estimated service charge: £61.07 What is 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. You can buy a minimum 50% share of your home (the maximum you can buy initially is 75%). When you're ready, you can buy more shares until you staircase to owning 100% of your home. *Please note images are for information purposes only and may not represent a true likeness for the units being sold. Some or all images have been digitally furnished to represent how the home could be laid out and the final colours/appearance may differ from the images.