3 bedroom house for sale
7, Old Grammar School Road, BH19 1FL
Share percentage 50%, full price £410,000, £10,250 Min Deposit.
Share percentage 50%, full price £410,000, £10,250 Min Deposit.
Monthly Cost: £1,817
Rent £470,
Service charge £63,
Mortgage £1,284*
Calculated using a representative rate of 6.24%
Calculate estimated monthly costs
- Your household income does not exceed £80,000 (outside of London) and £90,000 (inside of London)
- 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.
Summary
Wonderful 3 bedroom semi-detached house in the Compass Point development. The price advertised represents purchasing a 50% share of the home.
Description
Wonderful 3 bedroom semi-detached house in the Compass Point development. The price advertised represents purchasing a 50% share of the home.
LOCAL ELIGIBILITY CRITERIA APPLIES - You must adhere to one of the following:
A) You must have been permanently resident within the District for 2 years
B) In permanent employment (full time or part time) within the District for a period of at least 6 months
C) Maintain regular contact with an immediate relative who has resided in the District for at least 5 years. Immediate relatives are classed as Parents, non-dependent children or siblings.
About the Development
Swanage is a sought after location and this collection of brand new Shared Ownership homes are sure to appeal to couples and families alike. Situated on the popular Barratt Homes ‘Compass Point’ development, there are a range of local amenities on offer as well as easily accessible transport links to Weymouth, Bournemouth and Poole.
About the Home
The main front entrance opens into a lounge with a Kitchen Diner and a downstairs WC at the rear of the property along with a lobby. The Kitchen comprises of an L Shaped kitchen with a range of contemporary units, stainless steel sink and drainer, plumbing for a washing machine, integrated oven, hob and extractor. The WC comprises of hand basin and low level WC. To the first floor, there are three bedrooms and a house bathroom. The house bathroom comprises of a white three piece suite of pedestal wash basin, low level WC and bath with shower above. Bedroom one is situated to the front of the property and has the added benefit of a useful storage space, bedrooms two and three are situated at the rear of the property. This home comes complete with allocated parking and an enclosed rear garden.
About the Area
Situated in a convenient location, Swanage really does offer something for everyone. Rich in history and culture, there are many leisure activities for families to enjoy alongside a range of local amenities within a two mile radius of this popular development. These include a Post Office, supermarket, pubs and restaurants, Hospital and Library. There are several local Primary schools as well as a Secondary school and the area is well served by easily accessible transport links to Bournemouth, Poole and Weymouth, making this development is ideal for families.
Shared Ownership
The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller upfront payment. With Shared Ownership, you buy a share of your home using a mortgage from a bank or building society and pay a subsidised rent on the share you did not purchase. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright. You can buy a minimum 50% share of your home (the maximum you can buy initially is 75%). When you’re ready, you can buy more shares until you staircase to owning 100% of your home.
T&Cs
*Please note images are for information purposes only and may not represent a true likeness for the units being sold. Some or all images have been digitally furnished to represent how the home could be laid out and the final colours/appearance may differ from the images.
*Services Charges will apply, speak to our Sales Agent for more information. Costs are subject to change
Key Features
- 3 bedroom semi-detached house
- Flooring throughout
- Storage space
- Modern fitted kitchen
- Allocated parking
- Private garden
- 3 piece bathroom with shower over bath
- There will be an added service charge
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
Floor Plan Energy CertificateMap
The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.
- 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 and repairs for communal areas within your development.
- Mortgage: Share to Buy use a database of mortgage rates to work out the rate likely to be available for the deposit amount shown, and then generate an estimated monthly plan on a 25 year capital repayment basis.
NB: This mortgage estimate is not confirmation that you can obtain a mortgage and you will need to satisfy the requirements of the relevant mortgage lender. This is not a guarantee that in practice you would be able to apply for such a rate, nor is this a recommendation that the rate used would be the best product for you.
Share percentage 50%, full price £410,000, £10,250 Min Deposit. Calculated using a representative rate of 6.24%
