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£73,500
This Shared Ownership home is available to buy from as little as £73,500 with a 30% 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 charming semi detached house offers bright, well proportioned accommodation. The ground floor features a generous lounge/diner, filled with natural light, leading through to a modern fitted kitchen and a convenient downstairs WC. Upstairs, two inviting bedrooms sit alongside a contemporary family bathroom, providing a practical and well balanced layout. The property also benefits from an enclosed rear garden and allocated parking.
The home enjoys close proximity to a wide range of local amenities. Just a short distance away, the historic market town centre offers supermarkets, cafés, restaurants, independent shops and the picturesque riverside meadows. The area also boasts excellent schooling options, healthcare facilities, and leisure opportunities including parks, walking routes and the well loved Blandford Leisure Centre.
Travel links from Gurkha Road are convenient, with regular bus services connecting Blandford Forum to Poole, Bournemouth, Salisbury and surrounding Dorset villages. Road links are equally strong, with the A350 and A354 providing straightforward routes towards the coast, major employment hubs, and wider regional destinations.
PRICING & AFFORDABILITY
Full Market Value: £245,000
30% Share Price: £73,500 (rent £353.19pcm)
Minimum 5% Mortgage Deposit (30% share): £3,675
Approximate Service Charges: £17.26pcm*
Shared Ownership Lease: 111 years remaining
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