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£112,500
This superb modern home is available to buy from as little as £112,500 with a 25% 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 £90,000.
• 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 £450,000 and a purchaser would not need to meet the eligibility criteria listed above.
Shared Ownership
This superb modern home is available to buy from as little as £112,500 with a 25% share!
Set within a distinctive modern development on Salter Street, this stunning third-floor apartment offers a bright and thoughtfully arranged living space ideal for both relaxing and entertaining. The property benefits from a contemporary layout, with a spacious reception room featuring an attractive angular design that enhances natural light and creates a sense of openness.
The separate kitchen and dining area is neatly positioned, providing a practical yet sociable environment with ample storage and workspace. The double bedroom is generously proportioned and enjoys a , private aspect, making it a comfortable retreat.
A standout feature of the home is the private balcony, offering an inviting outdoor space perfect for morning coffee or unwinding in the evening. The property is further complemented by a modern bathroom and a well-defined entrance hall that adds to the overall sense of space and flow.
Ideally located for the amenities and transport links of the surrounding area, this apartment combines convenience with contemporary urban living.
PRICING & AFFORDABILITY
Full Market Value: £450,000
25% Share Price: £112,500 (rent £862 pcm)
Minimum 5% Mortgage Deposit (% share): £5,625
Approximate Service Charges: £292 pcm*
Lease: 997 years
Sown Shared Ownership
