Shared Ownership

This brand new home is available to buy from as little as £87,500 with a 50% share!

A short drive from the Lincolnshire Wolds and Cleethorpes beach, 4 miles from Grimsby town centre is Wigmore Park. A collection of modern, energy-efficient new homes.

Living here you'll enjoy a warm community atmosphere, ideally placed to take a stroll along Buck Beck or explore the beautiful countryside of the nearby Lincolnshire Wolds. Yet you'll be well-connected for commuting or shopping in Grimsby town centre by the A16.

There's plenty to do as a family, with great days out nearby. Why not visit Waltham Windmill, take a trip to Grimsby's Fishing Heritage Centre or enjoy picnic at Cleethorpes Country Park.
Living at Wigmore Park you'll have everything you need close by. Useful village shops include Co-op Food, Robinson’s Farm Shop, New Waltham Post Office and Lloyds Pharmacy. For a bigger shop Tesco Extra is just a few minutes' drive away.

An exciting range of restaurants, cafes and bars lie just 10 minutes' drive away in Grimsby town centre including The Pig and Whistle Pub, and The Counting House.

This brand new end of terrace home has accommodation that features an open plan kitchen/diner at the back of the house, separate lounge, ground floor cloakroom, three bedrooms, bathroom, parking and garden.

PRICING & AFFORDABILITY

Approximate Size 706 sq ft

Full Market Value: £175,000

50% Share Price: £87,500 (rent £200.52pcm)
60% Share Price: £105,000 (rent £160.42pcm)
75% Share Price: £131,250 (rent £100.26pcm)

Minimum 5% Mortgage Deposit (50% share): £4,375
Approximate Service Charges: £49.92pcm*
Shared Ownership Lease: 125 years
Council Tax Band: TBC

ELIGIBILITY

Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.

At Wigmore Park you can buy a minimum 25% 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.

To be eligible for shared ownership you would need to meet the following criteria:

• Your annual household income does not exceed £80,000
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.

Please note the minimum share you can purchase can vary depending on your financial situation and you may be asked to purchase a larger share, should your personal circumstances permit.

*Service charges are estimated and may subject to change.

**Sage Homes terms and conditions apply.
The advertised offer is only available on a Sage Homes Shared Ownership home reserved by 29th November 2024, exchange of contracts must occur before the agreed exchange deadline as stated in the memorandum of sale.
Not to be used in conjunction with any other offer.
A contribution of up to £1,500 towards your legal fees when you reserve a plot.
Sage Homes’ legal fees contribution is deducted from the total cost payable to Sage at the time of completion.
Sage Housing Ltd reserve the right to withdraw or alter the terms of this offer at any time prior to payment of a reservation fee.
Please speak to a member of our Sales Team for more details, selected plots applicable.**

**These photos are for information purposes only and may not represent a true likeness for the units being sold. They may have been taken from earlier phases or similar developments/house types and digitally furnished to represent how the home could be laid out; the final colours/appearance/specification may differ from the images and are not plot specific. We advise applicants to make their own investigations on future development in the area. We would suggest contacting the local authority for more information.

Leaders Romans Group are selling the homes on behalf of Sage Homes. Sage Homes is a Registered Provider committed to providing high quality affordable homes across England. For more information on Sage Homes visit www.sagehomes.co.uk.; Service Charge: 602.04