Terraced House for sale on

Ros Knight Gardens

Crowland, PE6

Tenure: Leasehold

** SHARED OWNERSHIP ** A modern and well-presented two-bedroom home located in the popular market town of Crowland. The property features a bright lounge, contemporary fitted kitchen, two spacious bedrooms, and a stylish bathroom. Outside, there’s a private rear garden and allocated parking.Perfect for first-time buyers, this home offers the opportunity to purchase an affordable share and pay rent on the remainder, with the option to buy more shares over time. Conveniently situated close to local amenities, schools, and great transport links to Peterborough and Spalding.

EPC rating: B. Council tax band: B, Tenure: Leasehold, % Share being sold: 50,

Crowland

Crowland is a picturesque and historic market town situated within the South Holland district of Lincolnshire. Ideally located between Spalding and Peterborough, the town benefits from excellent transport links, including convenient access to Peterborough’s mainline railway station. Crowland offers an impressive range of local amenities, featuring independent shops, cafés, and restaurants, alongside a selection of highly regarded schools. This combination makes it an attractive location for both families and professionals.

Shared Ownership

The share purchase price is calculated using the full market value and the percentage share purchased.

If you buy a 50% share, the share purchase price will be £100,000 and the rent will be £229.17 a month.

If you buy a larger share, you'll pay less rent. The table below shows further examples.

Share Value Rent

10% £20,000.00 £412.50
25% £50.000.00 £343.75
30% £60,000.00 £320.83
40% £80,000.00 £275.00
50% £100,000.00 £229.17
70% £140,000.00 £137.50
75% £150,000.00 £114.58

In addition to the rent above the monthly payment to the housing association includes:

Service Charge £9.07
Buildings Insurance £9.66
Management Fee £25.95
Sinking Fund Payment £0.00

Eligibility

You can apply to buy the home if both of the following apply:

• your household income is £80,000 or less
• you cannot afford all of the deposit and mortgage payments to buy a home that meets your needs

One of the following must also be true:

• you're a first-time buyer
• you used to own a home but cannot afford to buy one now
• you're forming a new household - for example, after a relationship breakdown
• you're an existing shared owner, and you want to move
• you own a home and want to move but cannot afford to buy a new home for your needs

If you own a home, you must have completed the sale of the home on or before the date you complete your shared ownership purchase.

As part of your application, your finances and credit history will be assessed to ensure that you can afford and sustain the rental and mortgage payments.

Reservation Fee

A non-refundable holding fee of £250 is payable upon acceptance of the offer. This fee will be used to secure the property and will be deducted from the final balance upon completion of the purchase. Please note that if the applicant withdraws or fails to complete the process, the reservation fee will not be refunded.

Belvoir and Amplius Disclaimer

These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract. The matters referred to in these particulars should be independently verified by prospective purchasers. Belvoir Peterborough, its employees and its agents are not authorised to make or give any representation or warranty whatsoever in relation to this property. All information included, descriptions, images used and sales floor plans are for illustration purposes only. The developer reserves the right to omit, add or otherwise alter the property, its specification or its exact location on site at any time prior to exchange of legal contracts without notice.