Shared Ownership
This superb modern home is available to buy from as little as £70,000 with a 50% share!
Situated within the popular Acorn Avenue development, this well presented second floor apartment offers a smart and efficient layout. The accommodation comprises a bright and spacious lounge/dining room with doors that open to a Juliet balcony, a separate fitted kitchen with ample worktop and storage space, a generous double bedroom and a modern bathroom. Externally is an allocated parking space.
Acorn Avenue is ideally positioned in Poole, offering convenient access to a wide range of local amenities including shops, supermarkets, cafés and leisure facilities. Poole town centre and the historic quay are within easy reach, providing a vibrant mix of restaurants, bars and waterfront walks. The area is well-served for everyday living, making it a highly desirable location for both homeowners and investors alike.
For commuters, the property benefits from excellent transport links with nearby bus routes and Poole train station offering direct connections to Bournemouth, Southampton and London Waterloo. The A35 and A31 are also easily accessible, providing straightforward routes across Dorset and beyond.
PRICING & AFFORDABILITY
Full Market Value: £140,000
50% Share Price: £70,000 (rent £243.12pcm)
Minimum 5% Mortgage Deposit (50% share): £3,500
Approximate Service Charges: £174.37pcm*
Lease: 169 years remaining
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.
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.
*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.
