Shared Ownership
This superb modern home is available to buy from as little as £132,000 with a 40% share!
A well-presented two-bedroom house offering approximately 806 sq ft of thoughtfully arranged accommodation, situated on Sunderland Road in the popular Cotswold market town of Moreton-in-Marsh. The property benefits from a driveway providing off-road parking for one car, along with a practical layout arranged over two floors.
The ground floor comprises a generous reception room measuring over 17ft in length, a separate kitchen, entrance hallway and convenient downstairs WC. Upstairs are two well-proportioned double bedrooms, with the main bedroom extending to over 17ft and the second bedroom benefitting from a built in wardrobe, along with the family bathroom.
Moreton-in-Marsh offers a wide range of everyday amenities, independent shops, cafés, pubs and restaurants centred around its attractive High Street. The town also benefits from a mainline railway station providing direct services towards Oxford and London Paddington, making it particularly well connected for a Cotswold location.
PRICING & AFFORDABILITY
Full Market Value: £330,000
40% Share Price: £132000 (rent £433.48pcm)
Minimum 5% Mortgage Deposit (40% share): £6,600
Approximate Service Charges: £39.08pcm*
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:
• You must have lived for 3 years, worked for 12 months in the surrounding area or Cotswold district, or have had family live in these areas for at least 5 years to apply for this home
• 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 C
