Summary - 4, Lake Terrace, MELTON MOWBRAY LE13 0BZ
3 bed 1 bath Semi-Detached
Affordable first-step ownership with parking and garden.
35% shared ownership available for £91,000
A brand-new three-bedroom semi-detached home in central Melton Mowbray offered on 35% shared ownership. Buy a 35% share for £91,000 with monthly rent of £387.29 on the remaining share and a service charge of £39.26. There is no ground rent and the home comes with a 990-year lease and a 10-year new-build warranty.
The house suits first-time buyers looking to get onto the ladder sooner: modest deposit and mortgage required compared with purchasing outright. The property includes two off-street parking spaces, an enclosed rear garden, integrated kitchen appliances, gas central heating, and double glazing. Predicted energy rating B and council tax band C help keep running costs reasonable; final EPC may vary once issued.
Be aware this is a leasehold shared-ownership purchase. You will pay monthly rent on the unsold share and must meet eligibility (household income under £80,000) and local-connection priority. Crime levels in the area are above average, and the PEA is predictive until the final EPC is produced. These facts should be considered alongside the clear benefits of a new home with parking, garden and warranty.
Available now to applicants who qualify, this home provides a practical, lower-cost route into ownership while retaining future flexibility to buy further shares and eventually own outright.
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