Foxglove Crescent, Shaftesbury, SP7 8UF

Highlight Housing, The Affordable Homes Agency, working with Legal & General Affordable Homes, is pleased to present this two-bedroom end-terrace shared ownership resale house in Shaftesbury, Dorset. The price shown represents purchasing a 40% share of the property.

Property Overview

This well-proportioned two-bedroom end-terrace house offers approximately 732 sq. ft. (68.08 sq. m.) of accommodation arranged across two floors, providing a comfortable and practical home for first-time buyers, couples or small families.

The ground floor features a welcoming entrance hallway leading into a separate kitchen and a spacious living room measuring approximately 15'1” x 13'11”. The living room provides ample space for relaxing and entertaining, with double doors offering access to the outside.

The kitchen measures approximately 10'0” x 7'9” and provides a practical space for everyday cooking and meal preparation.

A convenient downstairs Wc and additional storage complete the ground-floor accommodation.

Upstairs, the property benefits from two well-proportioned bedrooms, both with their own en-suite facilities.

Bedroom one measures approximately 13'9” x 8'3”, while bedroom two measures approximately 10'6” x 8'4”. Both rooms offer flexible accommodation, suitable for a range of furniture arrangements and household requirements.

The property offers a particularly practical layout, combining a spacious living area with the convenience of two en-suite bedrooms and a downstairs Wc.

Financial Breakdown

• Full Market Value: £259,000
• Share Available: 40%
• Share Purchase Price: £103,600
• Monthly Rent: £387.39
• Service Charge: £0.00 pcm
• Estate Charge: £19.28 pcm
• Buildings Insurance: £17.85 pcm
• Management Fee: £34.89 pcm
• Reserve Fund Payment: £0.00 pcm
• Total Monthly Payment (excluding rent): £72.02
• Total Monthly Rent and Charges: £459.41
• Tenure: Leasehold
• Lease Length: Approximately 987 years remaining
• Rent Review: Annually, Rpi + 0.5%

Initial Repair Period: Approximately 8 years remaining, with up to £500 per year available towards eligible essential repairs, subject to the scheme's terms.

The property is available through Shared Ownership, with the opportunity to purchase a larger share, subject to eligibility and affordability

Local Area

Situated in the historic market town of Shaftesbury, Dorset, the property enjoys a convenient location with access to a range of local amenities, countryside and transport connections.

Shaftesbury is renowned for its attractive town centre, traditional architecture and the famous Gold Hill, offering a distinctive setting with views across the surrounding Blackmore Vale countryside.

The town provides a selection of independent shops, supermarkets, cafés, restaurants and everyday services, alongside schools, healthcare facilities and recreational amenities.

For those who enjoy spending time outdoors, Shaftesbury offers access to scenic countryside walks, open spaces and the wider Dorset landscape.

The nearby A30 provides road connections towards Salisbury and Yeovil, while the A350 offers routes towards neighbouring towns.

Gillingham railway station, located approximately five miles away, provides services towards London Waterloo and Exeter, offering additional options for commuters and longer-distance travel.

With its combination of historic character, local amenities and countryside surroundings, Shaftesbury provides an attractive location for buyers seeking a balance between town living and rural accessibility.

What is Shared Ownership?

Shared Ownership is a government-backed scheme designed to help eligible buyers purchase a home when buying outright may not be affordable.

You purchase a percentage share of the property, typically using a mortgage and deposit, and pay rent to the housing provider on the remaining share.

Over time, you may have the opportunity to purchase additional shares in your home through a process known as staircasing, potentially increasing your ownership to 100%.

Eligibility Criteria

To be eligible for Shared Ownership, applicants must generally meet the following criteria:

• Your household income must be £80,000 or less per year.
• You must be unable to afford to purchase a suitable property on the open market.
• You must be a first-time buyer, a previous homeowner unable to purchase again, an existing shared owner looking to move, or otherwise meet the relevant eligibility requirements.

You must not own another property upon completion of your Shared Ownership purchase.

All applicants will be subject to eligibility and affordability assessments.

About Highlight Housing

Highlight Housing, The Affordable Homes Agency, specialises in helping people access affordable homeownership opportunities across England.

Working alongside housing providers, developers and industry partners, we support buyers throughout the early stages of their homeownership journey, helping them understand their options and navigate the Shared Ownership process.

Our aim is to make affordable homeownership more accessible, straightforward and transparent.

Shared Ownership Disclaimer

The information provided is intended as a general guide and does not form part of any offer or contract.

All property details, measurements, prices, rental payments and service charges are provided in good faith and should be independently verified before proceeding.

Monthly costs may be subject to annual reviews and increases in accordance with the terms of the lease.

Eligibility criteria, affordability assessments and mortgage availability apply. Buyers should seek independent mortgage and legal advice before committing to a purchase.

The purchase of a Shared Ownership property involves entering into a lease agreement, which sets out the rights and responsibilities of both the leaseholder and housing provider.

Photographs, floor plans and descriptions are provided for illustrative purposes only.