3 bed semi-detached house for sale

Southfields, Conrad Road, Witham CM8

Brand new 3-bedroom shared ownership semi-detached homes are now available at Southfields in Witham. Designed to maximise space for modern living, The Pyrus is perfect for couples and growing families.

Available to purchase from £307,500 with a deposit from £15,375 which represents a 75% share of the full market value of £410,000.

The Pyrus is a 3-bedroom semi-detached home benefiting from an ideal layout, perfect for growing families. The long windows to the front of the property provide a light and airy feel to the lounge and master bedroom. Downstairs also features a kitchen/diner with WC and dedicated utility space.
The master bedroom at the front of the property has an en-suite and built-in wardrobe. There is then a family bathroom, second bedroom also with a wardrobe and a third bedroom ideal for an office space or nursery.

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.

Kitchen/Dining - 17’ 6” x 12’ 5”
Living - 14’ 0” x 16’ 5”
WC - 4’ 1” x 6’ 1”

Bedroom 1 - 10’ 1” x 11’ 5”
Bedroom 2 - 9’ 7” x 12’ 10”
Bedroom 3 - 7’ 8” x 9’ 1”
Bathroom - 7’ 3” x 6’ 5”

Total Area – 1,027 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, in most cases you can buy more shares in your home until you own the full 100%, but restrictions may apply in some locations.
How does Shared Ownership Work? You buy an initial share of usually 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 £410,000
. You purchase a 75% share = £307,500 funded through a combination of your own deposit (£15,375) and mortgage (£292,125)
. You rent the remaining 25% share = £102,500 x 2.75% rent = rent of £234.90 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 £410,000
. 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.

Service charge also applies on this development, please contact our sales advisors for further details

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