Sovereign Way, Stamford, PE9 2BY

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The ground floor comprises of a separate lounge, kitchen/dining room & WC. To the spacious kitchen/dining room there is a selection of base and wall units in neutral colours with integrated appliances.

On the first floor there are three bedrooms and a family bathroom with a thermostatic shower over the bath and full height tiling to the bath area and a glass shower screen. This property also has the added benefit of an ensuite to the master bedroom.

There are plenty of electrical sockets throughout with a TV point to the lounge and master bedroom.
*Priority will be given to applicants with a local connection.

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.

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).

These homes are available subject to affordability and eligibility criteria.
Shares available to purchase up to 75% of the full market value. You will need to purchase as large a share as possible.

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: May 2024.

Full market price £360,000


35% share - £126,000
5% deposit - £6,300
Monthly rent - ££536.25
Service charge - £36.20

40% share - £144,000
5% deposit - £7,200
Monthly rent - £495.00
Service charge - £36.20

50% share - £180,000
5% deposit - £9,000
Monthly rent - £412.50
Service charge - £36.20

60% share - £216,000
5% deposit - £10,800
Monthly rent - £330.00
Service charge - £36.20

70% share - £252.
5% deposit - £12,600
Monthly rent - £247.50
Service charge - £36.20

75% share - £270,000
5% deposit - £13,500
Monthly rent - £206.25
Service charge - £36.20


NB: We are not yet aware of the Council Tax banding for these homes.