Property description

** Marketing price represents a 55% share of this plot **

Shared Ownership allows purchasers to buy a share of a property, usually between 40% and 75%, instead of buying it outright. You pay an affordable rent on the unpurchased shares. The rent you pay is subsidised to make these homes as affordable as possible. This is a great way for you to get on the property ladder if you can’t afford to buy a similar home outright. It can also take away the pressure of having to save for a high deposit, or having to make large mortgage repayments.

This means you get the home you want, at an affordable price, and through a monthly repayment that’s achievable. You would need to discuss your finances with a qualified mortgage advisor to determine how much deposit you would be required to put down. All mortgages are offered on a case by case basis, and will depend on your financial situation. If you do have to pay a deposit, this will be calculated as a percentage of the share you are buying only, not the full market value.

The New Homes Agent is delighted to present this stunning range of shared ownership properties, brought to market by Longhurst Group and constructed by the well renowned developer, Beal Homes.

Somerby Croft

The newly constructed Somerby Croft development is situated off The Belt Road in Gainsborough and is built by locally renowned builder Beal Homes. Longhurst group are offering the opportunity to purchase 6 of these affordable homes on the development, all of which are 3 bedroom homes which are suitable for modern family life.

All plots comprise of a welcoming entrance lobby with downstairs WC leading through to a spacious lounge with under stairs storage cupboard. You then step foot into the modern kitchen/diner which is equipped with stylish wood-effect flooring and patio doors leading to the rear gardens. The kitchens benefit from ample storage space and integrated gas hob, electric fan oven and extractor fan, with space left for a washing machine. Upstairs the plots have three generous bedrooms and modern 3 piece family bathroom with shower over bath. There is also a handy storage cupboard with shelving and a light.

All plots benefit from block-paved drives with access for 2 cars and landscaped front and rear gardens with a mix of patio and turf.

Hallway

Wc

Lounge (5.82m x 4.15m (19'1" x 13'7"))

Kitchen/Diner (5.07m x 2.49m (16'7" x 8'2"))

Master Bedroom (3.60m x 2.96m (11'9" x 9'8"))

Bedroom 2 (4.71m x 2.66m (15'5" x 8'8"))

Bedroom 3 (2.81m x 2.34m (9'2" x 7'8"))

Technical Information

Application Process: Buyers wishing to apply for one of these plots should contact The New Homes Agent for details on the application process.
Viewings: By Appointment only via The New Homes Agent
Local Connection: Approved buyers for these plots will need to have a local connection to Gainsborough. Please contact us for further details on the local connection criteria.
Amenities

45-75% shared ownership available

Three bedroom semi detached home

Modern kitchens with integrated gas hob, oven and extractor

Patio doors to rear garden

Three generous bedrooms

Private driveway with parking for 2 cars

Modern 3 piece bathroom

Local connection criteria

Opportunity to staircase to 100%

10 year new build warranty