Old Crown Way, Filey

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  • £74,000
  • 2 Bedrooms
  • 50%
  • Service charge £13.52
  • Rent charge £154.13
  • 03456780552

This two-bedroom, well maintained property is available to purchase at 50% Shared Ownership. Built in 2012, the property benefits from car parking for one car and a rear garden.

There’s flooring throughout and the lounge is comfortable with a stunning wooden style flooring. The kitchen has been well laid out with space for cooker, fridge-freezer and washing machine.

Shared Ownership is another way to buy your home. You buy a percentage and pay rent on the rest. We own just part of it – but you’re living there, you decorate it and decide when to sell.

Buying a percentage means a smaller deposit and a smaller mortgage. It’s a sooner first step on the ladder for lots of people. Usually, you can carry on buying further shares to own it 100%.

Eligibility to buy a home using Shared Ownership is governed by Homes England. In summary, you need to be over 18 and resident in the UK. When purchasing using Shared Ownership your household income should be less than £80,000.

Buying a share means you need a lower mortgage and deposit than purchasing a property outright. This makes it a cost-effective way to own your own home and ideal for first-time buyers. Shared Ownership usually works out less per month than renting privately, and you can enjoy the benefits of being a homeowner rather than a tenant.

You’ll need to be able to get a mortgage or have savings to cover the price of the share. You should remember that you need to pay your mortgage and rent payments each month as well as the usual household outgoings.

A few key features

  • Two bedroom terrace house

  • Car parking bay

  • Rear garden

  • 50% Shared Ownership

  • Brochure
  • Location

All information supplied is not intended to form part of any contract or warranty. Floor plans are intended to give a general indication of the proposed floor layout. Dimensions should not be used for carpet sizes, appliance spaces or items of furniture. Particulars regarding local amenities and their proximity should be considered as general guidance only. Journey times are representative of journeys made by car unless stated otherwise and may vary according to travel conditions and time of day. Source: Google Maps.