3 bed detached house for sale

Chamberhouse Crescent, Hampton Woods, Peterborough PE7

Shared Ownership

This brand new home is available to buy from as little as £172,500 with a 50% share!

Hampton Green is an exciting new development situated in the popular Hampton area of Peterborough, offering modern homes within a well-established and well-connected community. Set on the southern edge of the city, the development benefits from green open spaces and countryside nearby, while everyday amenities, schools and shopping facilities are all within easy reach.

Residents are particularly well served for local amenities, with Aldi close by and Serpentine Green Shopping Centre less than a mile away, offering a wide selection of shops, places to eat, a gym and Tesco Extra. Families have a choice of schools nearby, including Hampton College Primary, Hampton Gardens Secondary School and Hampton College, while Hampton Community Park and Crown Lakes Country Park provide attractive green spaces for walking and recreation. Ferry Meadows at Nene Park is also within easy reach for days out and outdoor activities.

For commuters, Hampton Green enjoys convenient access to the surrounding road network, with the A1 at Junction 17 approximately three miles away and Peterborough railway station around four miles from the development. Peterborough city centre is approximately 4.8 miles away, while the city's mainline rail connections provide fast services towards London and destinations further north.

The Barnwood is a well-proportioned three-bedroom detached home designed with modern family living in mind. The ground floor features a spacious living room with French doors opening onto the rear garden, alongside a dual-aspect kitchen/dining room providing plenty of space for everyday dining and entertaining. There is also the added practicality of a separate utility room and downstairs WC.

Upstairs are three bedrooms, with the principal bedroom benefiting from its own en suite shower room, together with a family bathroom serving the remaining bedrooms. The combination of generous living space, practical features and three good-sized bedrooms makes the Barnwood a versatile home for couples and families alike.
Pricing & affordability


Full Market Value: £345,000

50% Share Price: £172,500 (rent £395.31pcm)
60% Share Price: £207,000 (rent £316.25pcm)
75% Share Price: £258,750 (rent £197.66pcm)

Minimum 5% Mortgage Deposit (50% share): £8,625
Approximate Service Charges: £76.03 pcm*
Shared Ownership Lease: 990 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 Hampton Green advertised shared start at 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.

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. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.

**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.