Shared Ownership
This spacious home is available to buy from as little as £110,000 with a 40% share!
Offered for sale with no onward chain is this impressive three bedroom mid townhouse. The ground floor comprises a large car port with gated access to the rear garden and a side door into the house, entrance hall, cloakroom and a utility room leading out to the garden.
The first floor has the spacious living room with double doors into the kitchen, the second double bedroom and the family bathroom.
The second floor hosts the main bedroom with built in wardrobe and en suite shower room, the third bedroom and an additional storage cupboard. Externally there is a rear garden.
Positioned on the Eastern edge of The New Forest National Park, just a short drive from the local beaches at Lepe Country Park and Calshot. Various amenities are conveniently situated in Blackfield centre including schools, shops and a bus service to the surrounding areas including Hythe Marina Village and the vibrant port city of Southampton.
PRICING & AFFORDABILITY
Full Market Value: £275,000
40% Share Price: £110,000 (rent £378.12pcm)
50% Share Price: £137,500 (rent £315.10pcm)
75% Share Price: £206,250 (rent £157.55pcm)
Minimum 5% Mortgage Deposit (40% share): £5,500
Approximate Service Charges: £34.92 pcm*
Shared Ownership Lease: 125 approx. years
Council Tax Band: B
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.
