Shared Ownership
This superb modern home is available to buy from as little as £160,000 with a 50% share!
**Please note a local connection to Hart Distric within the last 5 years is required to be approved for the purchase of this home**
Situated in a convenient residential location on Hurst Avenue, Blackwater, this well-proportioned two-bedroom first-floor coach house offers approximately 756 sq ft of bright and versatile accommodation.
Accessed via its own private entrance, the property benefits from a spacious and welcoming layout. At the heart of the home is an impressive open-plan kitchen, living and dining area, providing a superb space for everyday living and entertaining. The modern kitchen offers ample worktop and storage space, seamlessly flowing into the generous reception area.
The accommodation further comprises two well-sized double bedrooms, with the principal bedroom enjoying particularly generous proportions. A modern family bathroom serves both bedrooms, while additional storage space enhances the practicality of the home.
Conveniently positioned close to local shops, amenities, schools and transport links, the property offers easy access to both Blackwater and Camberley, making it an excellent choice for commuters and families alike.
PRICING & AFFORDABILITY
Full Market Value: £320,000
50% Share Price: £160,000 (rent £424.49 pcm)
Minimum 5% Mortgage Deposit (% share): £8,000
Approximate Service Charges: £64.15 pcm*
Lease: 119 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 £320,000 and a purchaser would not need to meet the eligibility criteria listed above.
