Shared Ownership

This superb modern home is available to buy from as little as £225,000 with a 50% share!

A rarely available two bedroom first floor coach-house maisonette situated in a private residential development close to Bourne End Village Centre. This immaculately presented property provides a fully fitted kitchen open plan with a bright living/dining space, two double bedrooms with built in wardrobes, two bathrooms, an enclosed private garden and a car port providing parking for two cars.

Bourne End is a picturesque village with a High Street providing many restaurants, cafes and amenities and a train station providing direct access to London and nearby towns. There are many wide open spaces and parks and the River Thames runs through the village.


PRICING & AFFORDABILITY

Full Market Value: £450,000

50% Share Price: £225,000 (rent £613.35pcm)
Minimum 5% Mortgage Deposit (50% share): £11,250
Approximate Service Charges: £479 every 6 months (£958 per annum)
Shared Ownership Lease: approx. 116 years
Council Tax Band: C

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.


Service Charge: 958.