Slades Hill, Templecombe

SUMMARY
Nearing build completion so READY TO RESERVE NOW! This BRAND NEW three bedroom semi-detached house is offered to the market on a shared ownership basis available from a 40% share. SHARED OWNERSHIP


DESCRIPTION
Plot 19 at Knights Meadow, Slades Hill in Templecombe is a brand new 3 bedroom semi-detached house with allocated parking and turfed rear garden and is available on a shared ownership basis.

Stonewater presents two 3 bedroom semi-detached homes for shared ownership at Knights Meadow, located in the desirable village of Templecombe, Somerset. Built by Tilia Homes, Knights Meadow will comprise 70 new homes conveniently accessed off the A357, and will feature a mature tree-lined border to the rear with areas of green space including a 0.5 hectare extension to the Abbas and Templecombe CE Primary School playing field. The properties available both have allocated, off-street parking for two cars, and come with a fully turfed private rear garden. Inside the ground floor comprises a good sized, separate kitchen/dining room with French doors opening on to the rear garden, a living room, and a useful downstairs cloakroom with WC and handbasin. The layout is completed upstairs by three bedrooms, a contemporary style family bathroom, and an en-suite bathroom to bedroom 1.

Plot 19, 12 St Marys Way, Templecombe, Somerset BA8 0BZ

£119,000 for a 40% share.
Full Market Value: £297,500
Monthly Rent: £409.06
Service Charge: £42.56
In order to apply for one of these homes you must be an ‘Eligible Person’.*

Eligibility Criteria 
*‘Eligible Person’ means a person who is unable to secure accommodation suitable for their needs in the open housing market and who additionally satisfies one or more of the following criteria:

Ordinarily resident in the Relevant Area or
Employed or have secured employment in the Relevant Area
Has been resident in the Relevant Area for periods totalling at least 2 of the last 5 years or
Has family associations with the Relevant Area or
Is (or eligible to be entered) on the Homefinder Somerset Register in relation to accommodation in the Relevant Area or
Is qualified to move to the Relevant Area pursuant to a mobility scheme to which the Council is a participating authority
*Relevant Area means the Parish of Templecombe or the Parishes of Henstridge, Charlton Horethorne, Horsington, and Wincanton, the District and the County*

Location 
Templecombe is an attractive village surrounded by open countryside on the border of Dorset and South East Somerset. The village has a great community spirit with a social club, a recreation ground and a village hall. A varied programme of regular events is on offer ranging from exercise classes to music nights. For everyday food shopping Templecombe’s High Street has a Co-op food store; for a traditional take-away the village has its own popular fish and chip shop .

Close to the village hall and St Mary’s church and just a five minute walk from the development is Abbas and Templecombe CE Primary School, rated ‘Good’ by Ofsted. Located in the school grounds is Sticky Fingers Pre-School, providing pre-school education for pupils between the ages of two to school admission age. For older pupils nearby Sturminster Newton High school is also rated ‘Good’ by Ofsted.

Templecombe is a prime location for commuters with Templecombe Railway Station, on the West of England Main Line, being less than a mile from the development. Exeter can be reached by train in an hour and 20 minutes and London in just over two hours. Sherborne and Shaftesbury are both a short journey away by car and offer a variety of amenities and attractions. For travel further afield Bristol Airport is just over an hour away.

How Does It Work? 
You buy a share of your home and pay rent and a service charge on the remaining share. You can buy bigger shares at a later stage when you can afford to. The more of the property you own, the less rent you pay. You'll need to take out a mortgage to pay for your share of the home's purchase price, or fund this through your savings/cash. Shared ownership properties are leasehold however they do change to become freehold if you get to 100% ownership. Approval needed by Stonewater homes. Remember this scheme is not just for first time buyers

Purchase Details  
Price displayed for a 40% share, with rent and other rates payable thereafter. Prospective purchasers will need to purchase the maximum that is affordable to them with the minimum percentage share of 40%.

The criteria that must be met in order to qualify for a Shared Ownership Property are:
1. Be first time buyers (or owned with partner previously) and cannot afford to buy on the open market. Not investor buyers.
3. Must demonstrate that they can afford to sustain Shared Ownership requirements i.e. afford the monthly outgoings as below.
4. Household earnings must not exceed £80,000 per year.

Reservation fee applies

Stonewater 
Stonewater is a social housing provider, with a mission to deliver good quality, affordable homes to people who need them most. We manage around 32,500 homes in England for over 70,000 customers, including affordable properties for general rent, shared ownership and sale, alongside specialist accommodation such as retirement and supported living schemes for older and vulnerable people, young people’s foyers and women’s refuges.

Our ambitious house-building programme aims to build a minimum of 1,500 new homes a year from 2022/23 and we have a good pipeline of development to achieve this, driven by our vision of everyone having the opportunity to have a place that they can call home. We plough our surplus into building new homes, improving our existing housing stock and investing in customer services. Our 800+ employees embody our values – being ambitious, passionate, agile, commercial and ethical. We achieved a ‘One Star’ rating in the 2019 Best Companies survey and are ranked 78th in the Top 100 best not-for-profit organisations to work for and 25th in the best housing associations to work for in 2019

Please Note 
We will endeavour to use the photographs of the actual property but may also show pictures of the show home and/or computer generated images. The computer generated impressions of how the property may look are indicative only. External finishes or details may vary on individual plots. Floorplan images may be handed. Build completion dates TBC. Purchasers to buy their own flooring apart for the areas as mentioned in the main description.


Lease details are currently being compiled. For further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.



1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.