Emh sales is pleased to offer the Thatcher v1; a 2-bedroom semi detached house for sale at Scholars Place, a new development in Grantham, Lincolnshire.

Scholars Place is an exciting new development located on the edge of Grantham. Enjoy the vibrant shops, restaurants and cultural attractions the town has to offer. Scholars place provides affordable, comfortable homes designed with modern living, complete with fitted kitchens, turfed rear gardens and off road parking.

 

Homes are available on the New Model Shared Ownership (NMSO) which has some great new additions including:

 

1. You can purchase your initial share from just 10% (subject to financial assessment - all applicants must purchase as large a share as is possible in line with affordability).


2. You can purchase further shares from as little as 5% each time (known as staircasing).


3. A new gradual staircasing process has been introduced allowing you to purchase an additional 1% each year for a maximum of 15 years.


4. The introduction of a new 10-year period during which emh could support you with the cost of repairs and maintenance in your new build home.


5. A lease length term of 990 years.

Example of costs based on the full market value of £224,000

10% - £22,4500 | Rent @ £462.00 | Service Charge @ £24.86 | Buildings Insurance @ £3.63

30% - £67,200 | Rent @ £359.33 | Service Charge @ £24.86 | Buildings Insurance @ £3.63

50% - £112,000 | Rent @ £256.67 | Service Charge @ £24.86 | Buildings Insurance @ £3.63

75% - £168,000 | Rent @ £128.33 | Service Charge @ £24.86 | Buildings Insurance @ £3.63

Information on the share purchase price and rent examples can be found on the Key Information Document

Shared Ownership: A stepping stone to home ownership

Shared ownership offers a fantastic opportunity to get your foot on the property ladder. You can purchase an initial share ranging from 10% to 75% in 5% increments. This makes homeownership more affordable, especially for first-time buyers. The affordability will be assessed to ensure it aligns with your financial situation.

 

Grow your ownership over time:

As you build your financial security, you have the flexibility to increase your ownership stake through a process called staircasing. This option becomes available after just 12 months, allowing you to gradually own up to 100% of the property.

Shares can be purchased from 10% to 75% initially on the New Model Shared Ownership (this is based on 5% increments, dependent on affordability and approval of eligibility for the Shared Ownership Scheme).

 

About the area:

Grantham, consistently ranked among the UK's top towns for quality of life, boasts a rich history and excellent connectivity. Most famously, it's the birthplace of Sir Isaac Newton, a legacy celebrated annually at the Gravity Fields Festival, which showcases leading scientists from around the world.

Grantham's appeal extends beyond its historical significance. Recognised as a top commuter town, it offers convenient access to the rest of the country. The town is served by the London–Edinburgh East Coast Main Line, providing fast and frequent train connections. Its location on the River Witham and proximity to the A1 north-south trunk road further enhance its transport links. Situated approximately 23 miles south of Lincoln and 22 miles east of Nottingham, Grantham offers a desirable balance of small-town charm and accessibility to larger urban centres..

How to apply:

Please visit the following section of our website which will guide you through the application process for homes that have been released for sale:

Apply here

• Type of property: House
• Availability: For Sale
• Reception Rooms: 1
• Parking: Driveway
• Outside Space: Turfed rear garden
• Tenure: Shared Ownership