1 bed terraced house for sale

Brewers Lane, Newmarket CB8

This one bedroom terraced house, is an ideal opportunity to get on to the property ladder with Hastoe. It is being sold under the shared ownership scheme whereby you purchase a share in the property and pay a reduced rent on the remaining Hastoe equity.

EPC= C75

Term remaining on lease: 111 years

Property features:
Fitted kitchen
Central heating
Double glazing
Over bath shower
Can purchase 100%

Kitchen / dining: 5.36m x 3.02m

Living room: 4.57m x 3.35m

Bedroom: 5.36m x 4.85m

Purchase Requirements:
Be a first time buyer or not currently own a property.
Demonstrate you meet the minimum income requirements.
Demonstrate a deposit sufficient to obtain a mortgage for the property.
Be eligible for the shared ownership scheme.

Costs:
Full Market Price: £195,000
Minimum Share: 40%
Share Value: £78,000
Monthly Rent: £371.45
Service Charge pcm (including buildings insurance): £46.25
Total Monthly Charge: £417.70
Next rental increase: April 2025

Apply online via the Hastoe sales website

What is shared ownership?
Shared ownership is a scheme designed to help those who wouldn’t otherwise be able to purchase a home of their own. This may be because you can’t meet the full mortgage repayments, save a sufficient deposit, or both. With shared ownership, you buy a percentage of your home and pay a reduced rent on the share you don’t own

How does shared ownership work?
You will buy a percentage share of a home, independently priced at market value. Hastoe will charge you rent on the share you don’t own plus a service charge. This service charge covers things like buildings insurance and estate maintenance.

About Hastoe:
Hastoe owns and manages over 7,500 homes in 70 local authority areas. Our properties are predominantly rural and we specialise in providing sustainable and affordable rural housing to enable local people to remain within their communities.