Gillingham Lakes

Gillingham Lakes, Off Addison Close, SP8 4JS
Shared Ownership

Gillingham Lakes

Gillingham Lakes, Off Addison Close, SP8 4JS

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From £182,501 for a 60% share
With min. deposit £9,126

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£182,501

4 Bedrooms Detached house

Property Number The Huxford - Plot 74
Availability FOR SALE
Advertised Share 60%
Full Market Price £304,167
Deposit From £9,126
Monthly Rent £279
Monthly Mortgage Cost £1,009
Monthly Service Charge £0
Estimated Monthly Cost £1,288
Bedrooms 4
Bathrooms
Number Of Floors 2
Tenure Leasehold

Gillingham Lakes

Gillingham Lakes, Off Addison Close, SP8 4JS

Overview

Located just minutes from the historic town of Gillingham with its characterful streets, you’ll find a choice of high quality 2, 3 & 4 bedroom homes in various styles to suit everyone’s needs.

In-keeping with the local surroundings our homes have simple detail with stone window sills, tile or slate roofs and a selection of homes with weatherboarding.

There are play parks suitable for all ages making this a perfect location to meet the neighbours and make new friends in this growing community. With a public footpath over the River Lodden provides easy access to St Mary’s primary school.

With the surrounding countryside, you can see why Gillingham Lakes is so popular with large areas of public open space and Lodden Lakes nearby to enjoy. It’s good to know the A303 and A30 are easily accessible meaning a trip into Shaftesbury or Salisbury couldn’t be easier.

We could help you find your dream home at Gillingham Lakes, with a range of great offers and a selection of homes available with Home Stepper by Sage you could be moving soon than you think. Speak to our Sales Executives for more information as these offers & schemes are available on selected homes.

Brochures

Site Plan

FAQs

Shared ownership is a government-backed scheme, designed to make stepping onto the property ladder more affordable. You buy a portion of a home normally with a mortgage and a deposit, and pay a low-cost rent on the rest.

The eligibility criteria for Shared Ownership is simple; as long as you don't currently own, or won't own another property when you move in to a new home, you're likely to qualify.

Your annual household income (that's both yours and your partners' if buying together) can't exceed £80,000 (or £90,000 in London) and you'll need to have savings to cover purchasing costs such as solicitors fees and your mortgage deposit.

There's no fixed minimum income; you just need to be able to afford to buy the home and the monthly costs - this will be established via an affordability.

No - the scheme is designed to help people buy a suitably sized home that they cannot afford to buy otherwise. That typically means first time buyers, but if you've owned a home before and are selling, perhaps due to a divorce or needing to buy a bigger home, and cannot afford to buy, you might be eligible for Shared Ownership.

Disclaimer

Terms and conditions apply. Prices correct at time of publication and are subject to change. Photography and computer generated images are indicative of typical homes by Taylor Wimpey.

Affordability Calculator

Disclaimer

The figures and estimates shown in this calculator should not be relied on as confirmation of affordability and should only be used as an indicative guide to monthly costs. The monthly rental cost is based on 2.75% on the retained equity (subject to change please ask your sales agent). This will usually increase by the annual rate of RPI. The monthly mortgage cost is based on a Variable Rate Mortgage at 5.50% over a 35-year repayment loan. Other costs will apply such as service charge. Sage Homes is not authorised or regulated by the Financial Conduct Authority to provide financial advice. You should always seek advice and recommendations from an independent financial advisor regarding mortgage products, affordability, interest rates, repayment methods and terms and conditions. You should also seek independent legal advice. Your home may be repossessed if you do not keep up payments on a mortgage or any other loan secured against it.

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