Shared Ownership
This superb modern home is available to buy from as little as £156,000 with a 78% share!
Situated on Oxleaze Way in the village of Paulton, this well-presented second-floor apartment offers bright, comfortable living with a practical layout ideal for first-time buyers, downsizers, or investors.
The property features a welcoming entrance hallway leading through to a spacious open-plan kitchen and reception room. This sociable living area benefits from plenty of natural light and provides an ideal space for both relaxing and entertaining, with a well-arranged kitchen area offering ample worktop and storage space.
There are two bedrooms within the apartment, including a generous principal bedroom and a second room that would work equally well as a guest bedroom, home office, or study.
The property is served by a modern bathroom and an additional separate cloakroom, providing added convenience for residents and guests alike.
Outside, there is an allocated parking space.
Located within a popular residential area of Paulton, the apartment enjoys easy access to local shops, amenities, and transport links, while the nearby countryside and surrounding Somerset villages offer excellent opportunities for walking and leisure.
This property presents a fantastic opportunity to acquire a well-located home with practical living space in a sought-after village setting.
PRICING & AFFORDABILITY
Full Market Value: £200,000
78% Share Price: £156,000 (rent £155.01 pcm)
Minimum 5% Mortgage Deposit (% share): £7,800
Approximate Service Charges: £150 pcm*
Lease: 981 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.
