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£92,500
This superb modern home is available to buy from as little as £92,500 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 £185,000 and a purchaser would not need to meet the eligibility criteria listed above.
This well-proportioned ground floor apartment offers a practical and comfortable layout, ideal for first-time buyers, downsizers, or investors. The property features a bright and spacious living/dining room, perfect for both relaxing and entertaining, with doors opening on to communal gardens, along with a separate kitchen that provides a functional cooking space with room for storage.
There are two good-sized bedrooms, offering flexibility for guests, home working, or additional living space. A bathroom and welcoming entrance hall complete the interior, with a layout designed for easy day-to-day living.
Outside, there is one allocated parking space.
The property is situated in a convenient residential area of Poole, within easy reach of a range of local shops, supermarkets, and everyday amenities. Larger retail facilities, leisure options, and dining venues can be found in Poole town centre, while the award-winning sandy beaches and harbour are also just a short distance away. The area is well served by public transport, with nearby bus routes providing regular connections across Poole and to Bournemouth, and rail links offering direct services to Southampton and London Waterloo. Road users benefit from straightforward access to the A35 and surrounding routes, making the location ideal for commuters and those looking to enjoy the wider Dorset coastline.
PRICING & AFFORDABILITY
Full Market Value: £185,000
50% Share Price: £92,500 (rent £339.76 pcm)
Minimum 5% Mortgage Deposit (% share): £4,625
Approximate Service Charges: £165.62 pcm*
Lease: 79 years (will be extended by 90 years on completion)
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