Shared Ownership
This superb modern home is available to buy from as little as £154,000 with a 40% share!
Situated in this sought-after area is this well-presented two-bedroom home offers comfortable living in a convenient residential setting. Ideal for first-time buyers, downsizers, or investors, the property combines practical features with inviting indoor and outdoor space.
The accommodation comprises two well-proportioned bedrooms, a bright and welcoming living area, and a functional kitchen designed for everyday living. To the rear, a private garden provides an excellent space for outdoor dining, entertaining, or simply relaxing.
Further benefits include an allocated parking space, offering convenience and peace of mind, while the property’s location provides easy access to local amenities, transport links, and surrounding green spaces.
Ideally positioned for convenience, the property benefits from a range of local amenities nearby, including supermarkets, cafés, schools, healthcare facilities, and everyday essentials, with the popular centres of Christchurch and Highcliffe easily accessible. Residents can enjoy nearby green spaces, coastal walks, and leisure facilities, making the location well suited to a variety of lifestyles. Excellent transport links further enhance the appeal, with easy access to the A35 providing convenient road connections to Bournemouth, Southampton, and the surrounding areas. Nearby rail services from Christchurch Railway Station and Hinton Admiral Railway Station offer direct routes to wider destinations, while regular local bus services support convenient everyday travel.
PRICING & AFFORDABILITY
Full Market Value: £385,000
40% Share Price: £154,000 (rent £582.83 pcm)
Minimum 5% Mortgage Deposit (% share): £7,700
Approximate Service Charges: £39.59 pcm*
Lease: 117 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 £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 £385,000 and a purchaser would not need to meet the eligibility criteria listed above.
