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£107,500
This superb modern home is available to buy from as little as £107,500 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 £215,000 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 £107,500 with a 50% share!
This well-presented modern two-bedroom end-of-terrace home is located in this popular residential location, offering comfortable and practical living in a convenient setting. The property features a welcoming reception room, complemented by a contemporary kitchen/dining space fitted to suit modern day needs. Upstairs, there are two well-proportioned bedrooms served by a family bathroom, making the layout ideal for couples and small families.
Externally, the home benefits from a private garden, providing an excellent space for outdoor enjoyment or entertaining, while driveway parking at the front adds further convenience. As an end-of-terrace, the property enjoys additional privacy and natural light. Situated within easy reach of Newport town centre, local amenities, and transport links, this attractive home presents an excellent opportunity for those seeking a modern, low-maintenance property in a well-connected location.
The property is well positioned within Newport, offering excellent access to a wide range of local amenities and services. Newport town centre is close by, providing a comprehensive selection of shops, supermarkets, cafés, restaurants, and leisure facilities, as well as primary and secondary schooling. The location benefits from strong transport links, with Newport bus station and onward routes across the Island easily accessible, while the nearby Red Funnel and Wightlink ferry terminals provide convenient mainland connections to Southampton, Portsmouth, and beyond. Well-connected road networks also allow straightforward travel to Cowes, Ryde, and surrounding coastal towns, making this an ideal location for both commuters and those seeking convenience and connectivity.
PRICING & AFFORDABILITY
Full Market Value: £215,000
50% Share Price: £107,500 (rent £387pcm)
Minimum 5% Mortgage Deposit (50% share): £5,375
Approximate Service Charges: £12pcm*
Lease: 78 years
- Wootton (Isle of Wight Steam Railway) (4.7km)
- Havenstreet (Isle of Wight Steam Railway) (5.9km)
- Ashey (Isle of Wight Steam Railway) (8.0km)
- Smallbrook Junction (Isle of Wight Steam Railway (10.2km)
- Smallbrook Junction Rail Station (10.2km)
- Sandown Rail Station (10.3km)
- Ryde St Johns Road Rail Station (10.4km)
- Ryde Esplanade Rail Station (10.6km)
- Lake (Isle of Wight) Rail Station (10.6km)
- Shanklin Rail Station (10.6km)
Sown Shared Ownership
