Northfield View
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3 Bedrooms Detached house |
|---|---|
| Property Number | The Yewdale - Plot 468 |
| Availability | FOR SALE |
| Advertised Share | 60% |
| Full Market Price | £330,000 |
| Deposit From | £9,900 |
| Monthly Rent | £303 |
| Monthly Mortgage Cost | £1,095 |
| Monthly Service Charge | £0 |
| Estimated Monthly Cost | £1,398 |
| Bedrooms | 3 |
| Bathrooms | |
| Number Of Floors | 2 |
| Tenure | Leasehold |
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Northfield View
Overview
Discount Open Market Value Scheme at Northfield View
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Applications for the Discount Open Market Value Scheme at Northfield View in Stowmarket are processed by Babergh & Mid Suffolk District Council who ensures that an eligibility criteria are met.
Buyers will own 100% of the property at 80% of the open market price.
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Below is some important information regarding our Discount Open Market properties:
- Buyers will own 100% of the property at 80% of the open market price
- Buyers are unable to 'staircase'
- When buyers wish to sell, they will sell at 80% of the current open market value. Allowing the successor to benefit from buying a 80% discounted open market home
- When buyers wish to sell they will give at least 8 weeks' notice in writing to the district council stating the price at which it is intended to dispose of that Discount market dwelling
- The discounted market sale restriction shall be registered at the land registry on the register of title to discount market dwelling
- The property is freehold
- Applications for the scheme are processed by Babergh & Mid Suffolk District Council who ensures that an eligibility criterion is met
- There is no rent to pay
- There will be no second charge on the property
- Purchasers are responsible for the maintenance of the property and buildings insurance
- When opting to sell the home the purchaser will need to arrange an RCIS independent valuation at their own cost
Speak to a Sales Executive for more information.
Terms and conditions apply for the Discount Open Market Value Scheme.
Let's help get you moving to Northfield View with our incentives and schemes
Located in the popular market town of Stowmarket, with a selection of 2, 3, 4 and 5 bedroom high quality homes, Northfield View offers modern and flexible living, excellent transport links and easy access to Bury St Edmunds and the surrounding countryside too.
Northfield View has been thoughtfully designed with a balanced landscape of homes and areas of open green space to encourage their use as social and play spaces. The development is the ideal place to raise a family, with primary and secondary schools located within 3 miles and access to play parks and rural spaces.
Homes at Northfield View are perfectly placed for commuters, with easy access to the A14, while the nearby train station offers direct trains into London Liverpool Street. The development is within easy reach of Stowmarket’s amenities including restaurants, pubs and shops and is just a short drive to Bury St Edmunds and all it has to offer.
We have a selection of great incentives and schemes to get you moving in 2024*. Speak to our Sales Executives for more information. Alternatively, find out more here*. Let us take care of it. *T&C's apply- available on selected homes.
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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.