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£170,500
Shared ownership
Shared ownership is when you buy a share in the property of between 25 and 75 percent of its market value and pay rent on the share that you do not own. The exact percentage is subject to the individual criteria of each new development or scheme.
Most people put down a small deposit on their share (minimum 5 - 15%, depending on your mortgage lender) and take out a mortgage on the rest. You can then 'staircase' your share in the property - building up to 100% in most cases.
Register for shared ownership
You will need to register your interest via our website and complete an affordability assessment with one of our panel mortgage advisors.
Am I eligible?
Serving MOD, all first time buyers and social tenants will be given priority.
If your annual household income is more than £80,000 you will not be eligible.
You will also need £2,000 to cover the legal costs of buying a home, plus enough money saved for your deposit. You must not be in mortgage/rent arrears. You must be able to obtain a mortgage and prove that you can pay your rent and service charges.
Remember you will also have to pay household bills including council tax, gas, electricity and water.
Two bedroom second floor apartment is now available for shared ownership purchase. This apartment is bright and generously proportioned with large open-plan living spaces. The modern kitchen area has space for a dining table and benefits from a balcony. There are two double-bedrooms, both with built-in wardrobes and a contemporary bathroom off the hall.
Council Tax
Band B EPC - B
Specification
Kitchen
Modern glossy white Monza style kitchens by Rixonway
Zanussi fan oven and gas hob
Zanussi integrated fridge freezer
Indesit integrated washer/dryer
Black quartz effect laminate worktops
Spotlights
Under cupboard lighting
Bathroom
Contemporary white sanitary ware with basin, bath, shower over bath and WC
Heated chrome towel rail
Large mirror with shaver socket
Internal
PVCu high efficiency double glazed windows
PVCu patio doors to garden or balcony
Airing cupboard with shelving
Smoke detector and carbon monoxide alarms
Gas central heating powered by Worcester Bosch combi boiler
Wood effect vinyl throughout, with neutral carpets to bedrooms and hallway
External
One parking space
Managed landscaped communal gardens for the enjoyment of all residents
External lighting to all front doors and terraces
Door entry system
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.