Shared Ownership
This superb modern home is available to buy from as little as £202,500 with a 75% share!
*** NO RENT PAYABLE ON THE UNOWNED SHARE ***
Situated in a popular residential area, this well presented semi-detached home offers bright, modern accommodation comprising a lounge/diner, cloakroom, kitchen, two double bedrooms and a bathroom. Externally is off-road parking and an enclosed rear garden.
Bouchers Way is conveniently located within easy reach of Salisbury city centre, offering an excellent range of shops, supermarkets, cafés, restaurants and leisure facilities. Families will appreciate the selection of nearby schools, while attractive green spaces and countryside walks are also close at hand. Salisbury's historic cathedral and vibrant city centre are just a short drive away.
For commuters, the property enjoys excellent transport links. Salisbury railway station provides direct services to London Waterloo, Bristol and Southampton, while the nearby A36 and A303 offer convenient road connections to the surrounding towns and cities, making this an excellent location for both work and leisure.
PRICING & AFFORDABILITY
Full Market Value: £270,000
75% Share Price: £202,500 (no rent payable on remainign share)***
Minimum 5% Mortgage Deposit (75% share): £10,125
Approximate Service Charges: £48.34 pcm*
Shared Ownership Lease: 96 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.
LOCAL AREA CONNECTION
Buyer must have a local area connection in order to be eligible. This can be by way of living and/or working in the local borough of parish of Odstock, Alderbury, Downton, Coombe Bissett and Britford. if no one is found then Salisbury (Wiltshire LA) area may be considered. Proof of a connection will be required.
*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.
*** Please note that this property is restricted to 75% ownership, however owners can enter into a deed of covenant to SC to 100% but property will remain leasehold. There is no rent payable on the remaining 25% that is owned by the Housing Provider.
