“To buy in this way you’ll need to complete a financial affordability assessment to determine what share of your new home you can purchase. You then pay a deposit based on that share. For example, if you choose a 50 per cent share of a property, you’d need at least a 5% deposit. In addition to any mortgage, there would also be rent to pay of 2.75% of share you didn’t buy. Over time you’ll be able to buy more shares until you own the property and no longer need to pay any rent. Plus, you’ll be able to live there as if you’ve bought it outright with no need to ask a landlord for permission to have a pet or decorate.”
Designed to maximise the potential of the footprint, the Eastbourne has an open plan kitchen, dining and living room at the front, with feature bay window. The two bedrooms are at the rear, with French doors opening from one of the bedrooms onto the garden. There’s also a bathroom and utility.
In the double fronted Eastleigh Corner, both rooms at the front of the property have bay windows. One is the combined kitchen and dining room, behind which is the separate lounge, which benefits French doors leading out to the garden.
On the opposite side of the hallway are the two bedrooms. There’s also a bathroom at the rear of the property.
Along with the bungalows, St Mary’s Garden Village will eventually feature 348 homes, including two, three and four-bedroom family properties.
The vibrant new neighbourhood offers a range of community facilities including play area, wetlands, allotments, formal garden, with a community hub with bike hire and gym opening soon.
For the latest availability and pricing see www.edenstonehomes.com/st-marys-garden-village, or www.bluebellhomes.co.uk/stmarys.