Strachey Close, Saffron Walden, CB10 2GN

Term remaining on lease: 113 years Property features: Off street parking Private garden Fitted kitchen Gas central heating Double glazing Over-bath shower Downstairs WC Ability to own 100% Kitchen: 2.5m x 2.7m Living room: 3.6m x 4.5m Bathroom: 2.1m x 1.9m Bedroom 1: 3.0m x 3.8m Bedroom 2: 2.5m x 3.6m Garden: 5.3m x 6.1m Purchase Requirements: Be a first-time buyer or not currently named on a mortgage Demonstrate you meet the minimum income requirements Demonstrate a deposit sufficient to obtain a mortgage for the property Costs: Full Market Price: £335,000 Minimum Share: 45% Share Value: £150,7500 Monthly Rent: £463.87 Service Charge pcm (including buildings insurance): £30.40 Total Monthly Charge: £494.27 Next rental increase: April 2027 What is shared ownership?

Shared ownership is a scheme designed to help those who wouldn’t otherwise be able to purchase a home of their own.

This may be because you can’t meet the full mortgage repayments, save a sufficient deposit, or both.

With shared ownership, you buy a percentage of your home and pay a reduced rent on the share you don’t own How does shared ownership work?

You will buy a percentage share of a home, independently priced at market value. Hastoe will charge you rent on the share you don’t own plus a service charge.

This service charge covers things like buildings insurance and estate maintenance.

If you eventually own your home outright, you’ll no longer pay rent but may continue to pay a service charge and sinking fund.

About Hastoe: Hastoe owns and manages over 7,500 homes in 70 local authority areas.

Our properties are predominantly rural and we specialise in providing sustainable and affordable rural housing to enable local people to remain within their communities.