50% Shared Ownership
No Stamp Duty
Ready to move in Autumn 2021
This brand new 3-bedroom terraced property is an ideal small family home. The property, situated within the Eden Rise development by Mandale Homes, is available to purchase on a Shared Ownership basis.
The Romney design is a beautifully proportioned 3 bedroom home. Downstairs there is an open plan kitchen/dining and lounge area with French doors leading to the rear garden. There is also a WC and storage cupboard allowing you to make the most of the downstairs area. Upstairs comprises of two double bedrooms, master with en-suite, a further single bedroom and a family bathroom.
The advertised price of 117,500 represents a 50% share of the property. Rent would therefore be payable on the outstanding 50% share, set at 2.75% per annum. Based on a 50% share, rent would equate to an additional 269.27 per month on top of any required mortgage. You may purchase up to 75% of the total property price upfront.
What is Shared Ownership?
Shared ownership is a government-backed scheme, designed to make stepping onto the property ladder more affordable. Buy between 25% - 75% of a home normally with a mortgage and a reduced deposit, and pay a low-cost rent on the remaining un-purchased share.
Am I eligible to buy a home with shared ownership?
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 must not exceed 80,000 and you'll need to have savings to cover typical purchasing costs such as solicitors fees and your mortgage deposit.
To view this highly sought after property contact Auxesia Homes to arrange an appointment.
Eden Rise is the ideal location to enjoy life in Kirkby Stephen.
The development is perfect for taking in the tranquillity the area
has to offer whilst giving easy access to all the local amenities and
Both the Lake District National Park and the Yorkshire Dales are
close by, making this an idyllic location to discover everything
that the region has to offer.
Kirkby Stephen is a location that offers it all. It is a thriving country town that borders the Lake District National Park and the Yorkshire Dales - these beautiful rural surroundings give plenty of choice for those who enjoy the great outdoors.
It serves as a popular base for tourists wanting to discover the walking tours in the Upper Eden Valley and is also on the route of the Coast to Coast walk.
Over the years Kirkby Stephen has won several awards from Britain in Bloom and was also voted the winner of 'English Village of the Year' and was Cumbria's first 'Walkers are Welcome' destination.
There are a host of amenities available for you including a great range of shops, restaurants, pubs and a thriving market which is held every Monday.
Whilst the town is very peaceful, the options to travel are good with easy access to the A66 connecting the East and West of the region as well as the M6 motorway. Penrith and Kendal are the nearest larger towns and if you like jetting off to sunnier climates then Teesside International Airport is also accessible in under an hour.