Shared Ownership
This superb modern home is available to buy from as little as £130,000 with a 50% share!
This well-presented two-bedroom terraced home offers practical living space, private outdoor access, and the added convenience of gated driveway parking.
The property is thoughtfully arranged with a welcoming living room positioned at the front of the home, creating a comfortable and inviting space to relax or entertain. To the rear, the kitchen overlooks the garden and benefits from direct access outside, providing a functional layout for day-to-day living and an easy indoor-outdoor connection during warmer months. A further benefit includes a downstairs cloakroom doubling as a utility space.
Upstairs, the home offers two well-proportioned bedrooms, suitable for a range of needs including guest accommodation, home working, or growing households. The accommodation is complemented by a family bathroom, while the terraced setting offers a sense of community and practicality.
Externally, the enclosed rear garden provides a private outdoor space to enjoy, whether for entertaining, gardening, or simply unwinding. A particular advantage of the property is the gated driveway parking, offering secure off-road parking and added convenience.
Station View enjoys a convenient position within easy reach of a range of local amenities and everyday essentials. Nearby shops, schools, cafés and services cater well for day-to-day living, while the surrounding area offers access to green spaces and countryside walks, characteristic of the wider Somerset setting. The nearby towns of Midsomer Norton and Radstock provide a broader selection of supermarkets, independent retailers, leisure facilities and dining options.
The property is well placed for commuters, benefiting from good transport connections to the surrounding cities and towns. Regular road links provide access to Bath, Bristol and Wells, making the location appealing for those travelling for work or leisure. Public transport options are also available nearby, with local bus services connecting the area to neighbouring towns and key destinations, while rail connections can be accessed from Bath Spa for onward travel across the region and beyond.
PRICING & AFFORDABILITY
Full Market Value: £260,000
50% Share Price: £130,000 (rent £161.68pcm)
Minimum 5% Mortgage Deposit (% share): £6,500
Approximate Service Charges: £37.33 pcm*
Lease: 113 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 £260,000 and a purchaser would not need to meet the eligibility criteria listed above.
