Shared Ownership
This superb modern home is available to buy from as little as £95,000 with a 50% share!
This well-presented apartment offers a bright and practical layout, ideal for modern living. The heart of the home is a spacious open-plan kitchen, dining and living area, creating a sociable environment that’s perfect for both everyday life and entertaining. Generous windows allow for plenty of natural light, giving the space an airy and welcoming feel, while the layout provides flexibility for different furniture arrangements.
The property features two comfortable bedrooms, both positioned to provide privacy from the main living space, making the home suitable for couples, small families, or those needing a guest room or home office. A well-appointed bathroom and thoughtfully designed circulation space enhance the sense of convenience and flow throughout the apartment.
Outside there is an allocated parking space with the added benefit of “pay as you go” visitor parking.
The property is situated in a well-established residential area of Poole, known for its convenient access to everyday amenities and coastal attractions. A range of local shops, supermarkets, cafés and services are all within easy reach, while nearby schools and leisure facilities make the area appealing to a wide range of buyers. Poole town centre and the historic quayside offer a broader selection of retail, dining and entertainment options, along with the renowned harbour and award-winning beaches.
Transport connections are strong, with regular bus routes serving the surrounding neighbourhoods and providing links into Poole and Bournemouth. Nearby train stations offer direct services to Southampton and London Waterloo, making the location suitable for commuters. The property also benefits from good road access to the A35 and A31, connecting to the wider Dorset area and beyond.
LOCAL AREA CONNECTION
Buyers must have a local area connection in order to be eligible. A purchaser must live and/or work in Bournemouth Christchurch or Poole or have immediate family living in the borough already. Proof of a local area connection will be required.
PRICING & AFFORDABILITY
Full Market Value: £190,000
50% Share Price: £95,000 (rent £265.27 pcm)
Minimum 5% Mortgage Deposit (% share): £4,750
Approximate Service Charges: £172.46 pcm*
Lease: 170 years
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 £190,000 and a purchaser would not need to meet the eligibility criteria listed above.
