Semi-detached house for sale in Southfields, Conrad Road, Witham CM8

Brand new shared ownership homes just launched....move in ready!

Available to purchase at £273,750 with a deposit of £13,688 which represents a 75% share of the full market value of £365,000

Designed to maximise space for modern living, The Perry is perfect for young couples and families.

Southfields is an exciting development of one and two bedroom apartments complimenting a range of two, three, four and five bedroom stylish homes. Here at Southfields you can enjoy the unique combination of high quality contemporary homes, modern convenience and natural surroundings.

The Perry is a 2-bedroom semi-detached home with an ideal layout and plenty of space for young couples and families. The downstairs has a spacious lounge with a door through to the kitchen/diner at the rear, with the addition of a dedicated utility space and downstairs WC.

Upstairs, the master bedroom has a built-in wardrobe and en-suite with a family bathroom and second bedroom too.

Kitchen/Dining - 14’ 5” x 13’ 6”
Living - 10’ 11” x 15’ 9”
WC – 3’ 11” x 5’ 7”

Bedroom 1 - 10’ 10” x 13’ 6”
Bedroom 2 - 14’ 6” x 11’ 6”
Bathroom - 6’ 5” x 6’ 9”

Total Area - 857 sqft

What is Shared Ownership? Shared ownership could be your step on to the property ladder. This home ownership scheme allows you to purchase a share in your home and rent the remaining unowned share. Over time you can buy more shares in your home until you own the full 100%.
How does Shared Ownership Work? You buy an initial share of between 40% and 75% of the property's full value and pay a subsidised rent on the remaining share you don't own. You may purchase further shares up to 100% of the full property value, as your circumstances change, although there is no obligation to do so. You will be asked to speak with a Financial Advisor to assess what share you can buy, ensuring this is both affordable and sustainable, based on your circumstances. Shared ownership can be cheaper than renting a property privately as the mortgage cost and subsidised rent usually add up to less than the equivalent rental payments to a landlord.

Example:
Property Purchase price £365,000
. You purchase a 75% share = £273,750 funded through a combination of your own deposit (£13,688) and mortgage (260,062)
. You rent the remaining 25% share = £91,250 x 2.75% rent = rent of £210 per month
. 75% is the maximum share price which you can initially purchase.
There is an option to purchase up to 100% of the property value at a later point should you wish to do so.
You enjoy all the benefits of living in a brand new home with an open market value of £365,000
. You can stay in the property for as long as you wish and can sell the share you own at any time. You make the decisions.
Please speak to one of our advisors to find out more about owning a share of this fabulous property.

** typical interior images and may not depict actual house type **