Shared Ownership
This superb modern home is available to buy from as little as £165,000 with a 50% share!
Sat adjacent to open countryside, this modern semi detached home offers a practical and well balanced layout, ideal for modern family living. The ground floor comprises a spacioud kitchen/diner with a separate lounge and a cloakroom. To the first floor are three bedrooms (ensuite to bedroom one) and a contemporary family bathroom. Externally is driveway parking and an enclosed rear garden.
Grays Close is a popular residential setting within easy reach of the charming town centre of Shaftesbury, known for its historic character and the iconic Gold Hill. The area offers a range of local amenities including independent shops, cafes, supermarkets, and well regarded schools, making it particularly appealing for families and first time buyers alike. Surrounded by beautiful Dorset countryside, there are also plenty of scenic walks and green spaces nearby.
For commuters, the property benefits from good road links via the A30 and A350, providing access to surrounding towns such as Gillingham and Salisbury. Mainline rail services are available from Gillingham, offering direct routes to London Waterloo.
PRICING & AFFORDABILITY
Full Market Value: £330,000
50% Share Price: £165,000 (rent £373.30pcm)
Minimum 5% Mortgage Deposit (50% share): £8,250
Approximate Service Charges: £31.60pcm*
Lease: approx. 114 years remaining
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.
