3 Harvest Lane

Property Overview

Situated within the sought-after Newhall development in Harlow, this spacious two bedroom Coach House offers an excellent opportunity to step onto the property ladder through Shared Ownership.

Offering bright and well-proportioned accommodation throughout, this unique home benefits from its own private entrance leading to a spacious open plan kitchen, living and dining area, creating an ideal space for relaxing, entertaining or working from home. Large windows allow plenty of natural light to flow through the property, enhancing the sense of space.

The home features two generous double bedrooms, both offering ample space for wardrobes and additional furniture, together with a modern family bathroom. Positioned above garages, the property also benefits from increased privacy while enjoying the convenience of the established Newhall community.

This Shared Ownership opportunity offers a more affordable and flexible route to owning a spacious home within the desirable Newhall community.

Financial Breakdown

• Full Market Value: £320,000
• 30% Share Value: £96,000
• Rent (70% share): £632.67 per month
• Service Charge: £13.23 per month
• Estate Charge: £37.58 per month
• Buildings Insurance: £10.36 per month
• Management Fee: £46.19 per month
• Reserve Fund: £0.00 per month
• Total Monthly Payment (excluding mortgage): £740.03 per month
• Lease Length: Approximately 119 years remaining

Eligibility Criteria

To be eligible for Shared Ownership, you will need to:

• Have a combined household income under £80,000 per annum.
• Not already own a property, or part of a property, at the time of completing your purchase.
• Be unable to purchase a suitable home to meet your housing needs on the open market.

Local Area

Newhall is one of Harlow’s most desirable modern neighbourhoods, offering attractive green spaces, cafés, local shops, schools and scenic walking routes, all within a thriving community environment. Harlow town centre is just a short drive away, providing a wider range of shopping, restaurants, leisure facilities and everyday amenities.

Excellent transport links include Harlow Town railway station, offering regular services to London Liverpool Street and Cambridge, while the nearby M11 and A414 provide convenient access to London, Stansted Airport and the wider Essex and Hertfordshire region.

What is Shared Ownership?

Shared Ownership offers a more accessible route to homeownership by allowing you to purchase a share of a property’s value, while paying a subsidised rent on the remaining share.

Over time, you may choose to buy additional shares in your home through a process known as staircasing, potentially increasing your ownership up to 100%. Deposits and mortgage payments are based on the share purchased, meaning costs are often lower than buying outright or renting privately.

L&G Affordable Homes is a Registered Provider delivering Shared Ownership homes and committed to creating well designed communities and supporting buyers throughout their home buying journey.

Shared Ownership Disclaimer

Shared Ownership is subject to eligibility, affordability checks and the terms of the lease. Rent is payable on the share not owned, along with any applicable service charges and other outgoings. Staircasing is subject to a valuation at the time of purchase and additional legal and valuation costs may apply. Priority may be given to applicants with a local connection. All information provided is for guidance only and does not form part of any contract.