Shared Ownership
This home is available to buy from as little as £117,000 with a 50% share!
This ground floor apartment in a prime setting features a large reception room with ample space for both relaxing and dining, a separate fitted kitchen, and a generous double bedroom. A bathroom and entrance hall complete the accommodation.
The apartment benefits from a functional floor plan that maximises space and comfort, while large windows provide natural light throughout.
Outside, there is a private enclosed garden space.
Conveniently located close to local amenities, transport links, and green spaces, this home combines everyday practicality with a comfortable residential setting.
PRICING & AFFORDABILITY
Full Market Value: £225,000
50% Share Price: £117,000 (rent £411.07pcm)
Minimum 5% Mortgage Deposit (% share): £5,850
Approximate Service Charges: £255.42 pcm*
Lease: 106 years
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 £90,000.
• 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.
** This home can also be purchased outright (100% of the value) which is £225,000 and a purchaser would not need to meet the eligibility criteria listed above.
