Shared Ownership
This superb modern home is available to buy from as little as £134,750 with a 55% share!
A well presented mid terrace home offering a practical and modern layout in a cul de sac location. The ground floor comprises a spacious reception room and a large, bright kitchen/breakfast room to the rear with access to the enclosed garden. Upstairs, there are two double bedrooms and a contemporary family bathroom. The property further benefits from a downstairs WC, two allocated parking spaces, and a private enclosed rear garden.
Situated in the popular Brockworth area of Gloucester, the property is within easy reach of a range of local amenities including supermarkets, shops, cafes, and well regarded schools. Nearby retail parks and leisure facilities provide additional convenience, while green spaces and parks offer great options for outdoor activities.
The property is well positioned for commuters, with excellent access to the M5 motorway and A417, providing links to Cheltenham, Gloucester city centre, and beyond. Gloucester train station offers direct services to Bristol, Birmingham, and London.
PRICING & AFFORDABILITY
Full Market Value: £245,000
55% Share Price: £245,000 (rent £282.88pcm)
Minimum 5% Mortgage Deposit (55% share): £6,738
Approximate Service Charges: £23.96pcm*
Lease: 117 years remaining
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.
