Shared Ownership
This superb modern home is available to buy from as little as £94,000 with a 40% share!
This well-presented two-bedroom apartment offers spacious and well-proportioned accommodation, with a bright living and dining room providing access to a private balcony. The separate kitchen is positioned alongside the main living space, while the entrance hallway provides access to both bedrooms, the bathroom and useful storage. The property also benefits from one allocated parking space.
Both bedrooms are comfortable doubles, with the main bedroom measuring approximately 3.5m x 3.48m and the second bedroom approximately 2.45m x 3.48m. The spacious living/dining room measures approximately 4.96m x 4.3m, creating a versatile area for both relaxing and entertaining, while the balcony provides an additional outdoor space.
Nile Court is conveniently positioned in Poole, within easy reach of the town centre, Poole Quay and a range of everyday shops, cafés and restaurants. Poole railway station is around 0.1 miles away, offering convenient rail connections, while local bus services are also close by. Poole Park and the wider waterfront are nearby, providing green space and opportunities for walking and leisure.
PRICING & AFFORDABILITY
Full Market Value: £235,000
40% Share Price: £94,000 (rent £329.21pcm)
Minimum 5% Mortgage Deposit (% share): £4,700
Approximate Service Charges: £179.68pcm*
Lease:
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.
** This home can also be purchased outright (100% of the value) which is £235,000 and a purchaser would not need to meet the eligibility criteria listed above.
