3 bed semi-detached house for sale

Thompson Road, Arlesey, Bedfordshire SG15

Shared Ownership

This superb modern home is available to buy from as little as £190,000 with a 40% share!

This spacious house in Arlesey spans three floors of versatile living. The first floor features an open-plan kitchen, sitting, and dining area, plus a convenient downstairs WC. Upstairs on the second floor are two bedrooms, including a master with an en-suite, and a family bathroom. The top floor offers a third bedroom, ideal for guests or a home office. Outside, there’s a private south facing garden and driveway parking. Situated in a well-established neighbourhood, the property is close to shops, schools, and leisure facilities. Commuters enjoy easy access to Arlesey railway station with direct trains to London and Cambridge, as well as nearby road links via the A507 and A1(M), making travel straightforward and convenient.
Pricing & affordability


Full Market Value: £475,000

40% Share Price: £190,000 (rent £633.16pcm)
Minimum 5% Mortgage Deposit (40% share): £9,500
Approximate Service Charges: £30.16pcm*
Lease: 121 years
Eligibility


Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.

To be eligible for shared ownership you would need to meet the following criteria:

• Your annual household income does not exceed £80,000
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.

*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.

** This home can also be purchased outright (100% of the value) which is £475,000 and a purchaser would not need to meet the eligibility criteria listed above.