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£123,200
This superb modern home is available to buy from as little as £123,200 with a 40% 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 £308,000 and a purchaser would not need to meet the eligibility criteria listed above.
Located in the heart of Blackwater, this well-presented two-bedroom second floor apartment offers generous living space, excellent transport links and the rare benefit of two allocated parking spaces.
The property features a spacious open-plan kitchen/reception/dining room, providing a bright and versatile living area with direct access to a private balcony – perfect for relaxing or entertaining. The kitchen is well laid out with ample worktop and storage space.
There are two good-sized bedrooms, with the principal bedroom offering impressive proportions, alongside a modern family bathroom and additional storage off the hallway.
Ideally situated, the property is within easy reach of local shops, supermarkets, cafés and everyday amenities in Blackwater, as well as being a short distance from The Meadows shopping centre. For commuters, Blackwater train station is nearby, offering convenient links, and the A30, M3 and M4 are all easily accessible.
Further benefits include two allocated parking spaces, secure entry and a well-maintained communal setting.
PRICING & AFFORDABILITY
Full Market Value: £308,000
40% Share Price: £123,200 (rent £550pcm)
Minimum 5% Mortgage Deposit (40% share): £6,160
Approximate Service Charges: £TBCpcm*
Lease: 100 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