Share Price £62,500 (from 50% Min. Share)

Full Value £125,000 | £3,125 Min. Deposit

Scheme: Shared Ownership Resales

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1 bedroom apartment in Ilminster - Somerset

place 14 Muchelney House, Abbots Close, TA19 0EF

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Over 55s apartment now available


Eligibility

You may be eligible for this property if:

  • You have a gross household income of no more than £80,000 per annum.
  • You are unable to purchase a suitable home to meet your housing needs on the open market.
  • You do not already own a home or you will have sold your current home before you purchase or rent.
  • You must be at least 55 years old

Description

>One bedroom, ground floor apartment
>Available on Shared Ownership resale
>Deposits starting at £3,125*
>Minimum household income: £29,959 per annum

Your new home
Featuring an open-plan living / dining room, with a private entrance to the property. There is a separate kitchen with fitted units. The bedroom is a spacious double, with a built-in wardrobe. The bathroom is fitted with a white, three-piece suite, including a bath.

Additional information
This property is available with extra care, as part of our Over 55s scheme.Please note, staircasing is capped at 80% for this property.

0800 telephone numbers are free of charge from BT landlines. Non-BT customers and mobile phone users should contact their service providers for information about the cost of calls.
Images may be computer generated and are for illustrative purposes only, so may not be representative of exact plots. Images may be of a different model of home. Individual specification, fittings and features such as windows, brick, carpets, paint and other material colours may vary. Any furnishings are not included in any sale, but are for guidance only.
*Affordability and eligibility criteria apply. All figures are illustrative based upon buying a minimum share. Purchase share values will be determined based upon applicant’s individual financial circumstances, in line with Homes England guidelines. Applicants will be referred to a nominated mortgage advisor for a financial assessment and will be expected to maximise the percentage of share they purchase.


Key Features

  • Lease term remaining: 95 years
  • Extra care property
  • Open-plan living / dining room
  • White sanitaryware to bathroom
  • Built-in storage

Download Documents

Link to the floor plan Energy Certificate
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Calculate Monthly Cost

Share price
£ 62,500
Min. £62,500
Share percentage
Min. 50%
Your deposit
Min. £3,125
Monthly cost*
£782
Cost breakdown
£193
Rent
£278
Service charge
£311
Mortgage*
Calculated using a representative rate of 3.94%
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Location

Disclaimer

The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together:

  • Rent: this is charged on the share you do not own and is usually payable to a housing association (rent is not generally payable on shared equity schemes)
  • Service Charge: covers maintenance costs for the property as a whole and communal areas
  • Mortgage: Share to Buy ltd are specialist Shared Ownership mortgage brokers and we use a database of daily updated mortgage rates to work out the lowest rate available for the deposit amount shown, and then generate an estimated monthly payment on a 25 year capital repayment basis.


NB: this mortgage estimate is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you.