, LE15 6JL Ref: TSOS000595The Spruce is a brand new three bedroom semi-detached house available on the popular shared ownership scheme. Available on shares from 25% to 75%. Price shown is for a 25% share.
Located in the pretty market town of Oakham with it's cafes, bars, restaurants and boutique shops. The accommodation benefits from having off road parking and in brief comprises; entrance hall, downstairs cloakroom, lounge/diner, kitchen, three bedrooms and a family bathroom.
See how the monthly costs compare to renting privately....you may be surprised!
Cost example* based on a 25% share:
Mortgage - £252.44
Rent - £429.69
Service Charge - £44.91
Total Per Month - £727.04
Shared ownership provides an affordable way for you to become a home owner, by buying a share in a new home and paying a subsidised rent on the remaining share. You will then have opportunity to purchase further shares in your home in the future up to 100%, which we call "staircasing", as further shares are purchased the rent reduces accordingly.
You will need a minimum 5% deposit for mortgage purposes and funds to pay for solicitor fees, moving costs & furnishings.
Images are for illustration purposes only and the specification may differ. Due to the nature of construction, room sizes may vary. Dimensions provided are not intended to be used for carpet sizes.
* Cost example assumes a 5% deposit, a mortgage interest rate of 3% and a term of 30 years.