Shared Ownership
This superb modern home is available to buy from as little as £136,000 with a 40% share!
Nestled in the sought-after residential area of Ringwood, this charming two-bedroom semi-detached home on Juno Road offers an ideal blend of comfort, practicality, and outdoor space.
The property features a well-proportioned layout, with a bright and inviting living area that flows seamlessly into a modern kitchen, perfect for both everyday living and entertaining. Upstairs, two generously sized bedrooms provide flexible accommodation, complemented by a contemporary family bathroom.
To the rear, the home boasts a private garden—ideal for relaxing, gardening, or hosting summer gatherings. At the front, the property benefits from a dedicated allocated parking space, ensuring convenience and ease of access.
Positioned within easy reach of local amenities, transport links, and green spaces, this home is perfectly suited to first and second time buyers or downsizers.
Juno Road enjoys a convenient and well-connected position within Ringwood, a vibrant market town on the edge of the New Forest. Residents benefit from a wide range of local amenities, including independent shops, supermarkets, cafés, and restaurants, as well as leisure facilities and highly regarded schools nearby. The area is particularly appealing for those who enjoy the outdoors, with easy access to scenic walking and cycling routes in the surrounding countryside and forest. For commuters, Ringwood offers excellent transport links, with regular bus services and direct access to the A31, providing straightforward routes to Bournemouth, Southampton, and the M27. This combination of accessibility, amenities, and natural surroundings makes the location highly desirable for a variety of buyers.
PRICING & AFFORDABILITY
Full Market Value: £340,000
40% Share Price: £136,000 (rent £ 527.94pcm)
Minimum 5% Mortgage Deposit (% share): £6,800
Approximate Service Charges: £17.56 pcm*
Lease: TBC
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 £340,000 and a purchaser would not need to meet the eligibility criteria listed above.
