Shared Ownership
This superb modern home is available to buy from as little as £78,000 with a 40% share!
A well-presented two-bedroom first-floor maisonette offering approximately 750 sq ft of spacious and practical accommodation. The property features a generous living area, separate kitchen, two bedrooms and a family bathroom, providing a comfortable layout suitable for a range of buyers.
The property benefits from two allocated parking spaces, providing excellent convenience, while the first-floor position offers a good balance of privacy and accessibility. The generous floor area gives the accommodation a spacious feel throughout, with plenty of scope for comfortable living and storage, ands also includes a private garden.
Located in a residential setting in Bishops Cleeve, the property is well placed for access to local shops, everyday amenities and transport links, with the wider town centre and its extensive range of shops, restaurants and leisure facilities within easy reach. An excellent opportunity to acquire a spacious two-bedroom maisonette with two parking spaces.
PRICING & AFFORDABILITY
Full Market Value: £195,000
40% Share Price: £78,000 (rent £194.50pcm)
Minimum 5% Mortgage Deposit (40% share): £3,900
Approximate Service Charges: £39.60pcm*
Lease: 113 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.
