A rare opportunity to secure this over 55's home with a 70% share for £148,750 with no monthly rent payable on the remaining 30% share!
Offered for sale with no onward chaina nd immediate vacant possession, this semi detached bungalow is located within the popular Ullswater Park area of Dronfield Woodhouse and offers well-planned, accommodation ideally suited to a wide range of buyers.
The bungalow features a bright and generously proportioned reception room, a separate fitted kitchen, two well proportioned bedrooms and a bathroom. Externally is a garden and parking.
Set within a well established residential setting, the property benefits from its single-storey design, making it particularly appealing to downsizers or those seeking level living. Ullswater Park is conveniently placed for access to local amenities, reputable schools, and transport links, while also being within easy reach of open countryside. This bungalow represents an excellent opportunity to acquire a manageable and well-located home in a sought after area of Dronfield Woodhouse.
PRICING & AFFORDABILITY
Full Market Value: £212,500
70% Share Price: £148,750 (NO MONTHLY RENT)
Minimum 5% Mortgage Deposit (70% share): £7,438
Approximate Service Charges: £115.29 pcm*
Lease: new 99 year lease will be granted by the Housing Provider with the sale.
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.
• All owners MUST be at least 55 years old
*Service charges are estimated and may subject to change. Service charges will be reviewed annually by your housing provider, usually on 1st April each year.
