This Shared Ownership home is available to buy from £102,600 with a 57% share. Full market value of £180,000. A modern 2-bedroom ground floor flat on the St Mary`s Hill development with allocated parking


The generous entrance hall provides a space for coats and shoes, storage cupboards as well as doors to all the rooms. With an open plan kitchen/living space with dual aspect. The kitchen is fitted with a range of base and wall units with integrated oven and hob with cooker hood above. The living area boasts a bay window to front aspect. space for a dining table to give a nice flow to the room. The two double bedrooms enjoy a front aspect with plenty of space for bedroom furniture. The modern bathroom includes bath with shower over, wash hand basins and WC. The property benefits from an allocated parking space which can be found to the rear of the property.

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.

Full Market Value: £180,000
57% Share Price: £102,600
Ground Rent £189.93 PCM
Service Charges: £165.81 PCM
Remaining Lease: 122 Years Remaining

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.
• The property has a106 restriction for the buyer to have a local connection.

The buyer must purchase a minimum of 57% but can purchase a higher percentage if wish.



Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.