1/7
£122,500
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 superb modern home is available to buy from as little as £122,500 with a 50% share!
Located in the highly desirable area of Canford Heath, this spacious and well-presented two-bedroom ground floor apartment offers modern, low-maintenance living in a quiet and well-kept development. The property comprises two generously sized bedrooms, a contemporary bathroom, and a bright open-plan kitchen and living area.
Residents benefit from a secure allocated parking space and access to a beautifully maintained communal garden/park area, perfect for enjoying time outdoors. Canford Heath is well-served by a variety of local amenities including supermarkets, cafes, schools, healthcare facilities, and leisure centres, all within easy reach.
The area also boasts excellent transport links, with nearby bus routes offering direct access to Poole, Bournemouth, and surrounding areas, while Poole train station provides regular services to London Waterloo and beyond. For motorists, the A3049 and A31 are easily accessible, offering convenient travel routes across Dorset and the South Coast.
PRICING & AFFORDABILITY
Full Market Value: £245,000
50% Share Price: £122,500 (rent £276.84pcm)
Minimum 5% Mortgage Deposit (50% share): £6125
Approximate Service Charges: £82.07pcm*
Lease: 987 years
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Sown Shared Ownership