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£100,000
This superb modern home is available to buy from as little as £100,000 with a 50% share!
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.
** This home can also be purchased outright (100% of the value) which is £200,000 and a purchaser would not need to meet the eligibility criteria listed above.
Shared Ownership
This superb modern home is available to buy from as little as £100,000 with a 50% share!
A two bedroom, two bathroom ground floor apartment within this 2022 built development. The home is well presented throughout with accommodation comprising entrance hall, two double bedrooms, ensuite shower room, family bathroom, spacious living room and separate kitchen. This property benefits from two allocated parking spaces and a 122 year lease.
Twigworth is a picturesque village in Gloucestershire, offering a blend of rural charm and convenient access to urban amenities. Twigworth is conveniently located near the A38 and M5 motorway, providing easy access to Gloucester, Tewkesbury, Cheltenham, and further destinations like Bristol and Birmingham. Gloucester Station is easily accessible and provides services to London, Swindon, and many other notable destinations.
PRICING & AFFORDABILITY
Full Market Value: £200,000
50% Share Price: £100,000 (rent £300.81pcm)
Minimum 5% Mortgage Deposit (50% share): £5,000
Approximate Service Charges: £15 pcm*
Shared Ownership Lease: approx. 122 years
Council Tax Band: B
You can add locations as 'My Places' and save them to your account. These are locations you wish to commute to and from, and you can specify the maximum time of the commute and by which transport method.
Sown Shared Ownership