2 bedroom apartment for sale
Brambling Gardens, BH17 7FZ
Share percentage 50%, full price £245,000, £6,125 Min Deposit.
Share percentage 50%, full price £245,000, £6,125 Min Deposit
Monthly Cost: £1,024
Rent £277,
Service charge £82,
Mortgage £665*
Calculated using a representative rate of 4.78%
Calculate estimated monthly costs
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.
Summary
This superb modern home is available to buy from as little as £122,500 with a 50% share!
Description
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
Key Features
Modern Shared Ownership Apartment
Two Bedrooms
One Bathroom
Residents Parking
Communal Garden
Long Lease
Particulars
Tenure: Leasehold
Lease Length: 987 years
Council Tax Band: B
Property Downloads
Floor PlanMap
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: n/a
Outside Space/Garden: n/a
Year property was built: Enquire with provider
Unit size: Enquire with provider
Accessible measures: Enquire with provider
Heating: Enquire with provider
Sewerage: Enquire with provider
Water: Enquire with provider
Electricity: Enquire with provider
Broadband: Enquire with provider
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 £245,000, £6,125 Min Deposit. Calculated using a representative rate of 4.78%
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