Stamford Meadows
Cross Keys Homes are delighted to offer our first release of brand new, spacious 2 bedroom shared ownership homes in the sought-after picturesque town of Stamford. All plots come with an integrated dishwasher, washer dryer and fridge freezer.
Situated on the western side of this beautiful town, Stamford Meadows is ideally placed for ample local amenities all within walking distance; including Morrisons, Aldi, Rutland Hospital, primary and secondary schools, Stamford train station, a Post Office and multiple bars and restaurants.
Located on the north bank of the River Welland and just 30 minutes away from Peterborough, this large town is ideally located and commutable to local towns such as Bourne, Market Deeping and Corby for work and a wider variety of amenities.
Priority will be given to applicants with a local connection
- 1. First preference will be given to applicants who are unable to purchase a property on the open market in the area and who have been resident in Stamford area for at least 12 months prior to application or who have lived in Stamford for at least 5 of the previous ten years or who have strong local connections with the Stamford area either by employment or direct family association (mother, father, brother, sister, son or daughter);. The exception is to existing serving military personnel and former members of the British Armed forces discharged in the last 2 years.
- 2. Secondly to applicants who are unable to purchase a property on the open market in the District of South Kesteven for at least 12 months prior to application or have strong local connection with the District either by employment or direct family association (mother, father, brother, sister, son or daughter),
Specification Highlights
- Integrated appliances including fridge / freezer, dishwasher and washer dryer.
- Built-in oven, hob & extractor
- Modern, neutral kitchen cabinets and worktops
- Modern white sanitary ware, with thermostatic shower and glass screen
- Wood-effect flooring to kitchens & bathrooms
- Carpeting to all other rooms, available as an early-purchase incentive
- Two parking spaces per plot
- Fully enclosed, turfed rear gardens
These are leasehold homes with a lease term of 990 years.
NB: We are not yet aware of the Council Tax banding for these homes.
Shares available to purchase up to 75% of the full market value (subject to affordability and eligibility criteria). Please note you will be required to maximise affordability.
Disclaimer
IMPORTANT NOTICE These brief particulars have been prepared and are intended as a convenient guide to supplement an inspection or survey and do not form any part of an offer or contract. Their accuracy is not guaranteed. They contain statements of opinion and in some instances, we have relied on information supplied by others. Design elements and specification details may change without notice. You should verify the particulars on your visit to the property and the particulars do not replace the need for a survey and appropriate enquiries. Accordingly, there shall be no liability as a result of any error or omission in the particulars or any information given. All images are computer generated. Date of publication: March 2024
Affordability Example
2 bedroom homes - The Meadow
Full property value - £290,000
40% share - £116,000
5% deposit - £5,800
Monthly mortgage - £736*
Monthly rent - £399
Service charge - £36
Total monthly mortgage, rent & service charge - £1,171*
*based on a 6.25% interest rate as an example only, interest rates may vary.
Shares available to purchase up to 75% of the full market value (subject to availability). An estate management charge will be payable.
Details correct as at February 2024.
Homes for Sale
Plot no. | Property name | Property type | Bedrooms | Market value | 40% Share | Status |
---|---|---|---|---|---|---|
52 |
The Meadow |
Semi Detached |
2 |
£290,000 |
£116,000 |
Reserved |
53 |
The Meadow |
Semi Detached |
2 |
£290,000 |
£116,000 |
Reserved |