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£162,500
This superb modern home is available to buy from as little as £162,500 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 £325,000 and a purchaser would not need to meet the eligibility criteria listed above.
This superb modern home is available to buy from as little as £162,500 with a 50% share
Situated in a highly sought-after area of Cheltenham, this well-presented two-bedroom home offers bright, well-proportioned accommodation arranged over two floors, making it an ideal choice for first-time buyers, downsizers or investors alike. The ground floor comprises a generous lounge/diner with ample space for both relaxing and entertaining, a fitted kitchen, convenient WC and a welcoming entrance hall.
Upstairs, there are two spacious bedrooms and a modern family bathroom, all thoughtfully laid out to maximise comfort and practicality.
Externally, the property benefits from a private rear garden, providing an ideal space for outdoor dining, relaxing or entertaining during the warmer months. To the front, there is a driveway offering off-road parking.
The home is ideally located to take advantage of a wide range of local amenities, with shops, cafés and everyday services close at hand, while Cheltenham town centre is easily accessible for a broader selection of restaurants, bars and retail facilities. Excellent transport links are nearby, including regular bus services and easy access to major road networks, making commuting straightforward. With green spaces and popular walking routes close by, this home offers a great balance of convenience and lifestyle in a desirable Cheltenham location.
PRICING & AFFORDABILITY
Full Market Value: £325,000
50% Share Price: £162,500 (rent £436.43pcm)
Minimum 5% Mortgage Deposit (50% share): £8,125
Approximate Service Charges: £TBC
Lease: 119 years
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