Shared Ownership
This superb modern home is available to buy from as little as £105,000 with a 50% share!
A well-presented two-bedroom home situated within a residential cul-de-sac on Plymview Close, Plymouth. Offering approximately 732 sq ft of accommodation, the property benefits from a practical layout arranged over two floors, along with one allocated parking space.
The ground floor comprises a separate kitchen and a generous living room with plenty of space for both seating and dining furniture. There is also a convenient downstairs WC and useful storage. Upstairs are two well-proportioned double bedrooms, further built-in storage and a family bathroom.
Plymview Close is conveniently located for local shops, schools and everyday amenities, with regular bus services available close by and Plymouth railway station approximately 2 miles away. GetTheData The location also provides convenient road access towards Plymouth city centre and the A38.
PRICING & AFFORDABILITY
Full Market Value: £210,000
50% Share Price: £105,000 (rent £266.35pcm)
Minimum 5% Mortgage Deposit (50% share): £5,250
Approximate Service Charges: £33.02pcm*
Lease: 114 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.
Council Tax Band B
