Shared Ownership
This superb modern home is available to buy from as little as £80,000 with a 50% share!
A well-proportioned three-bedroom apartment offering a practical layout with a spacious lounge/diner, separate kitchen and three bedrooms. The accommodation also includes a family bathroom and a central entrance hall, providing a good balance of living and bedroom space.
The property benefits from a generous lounge/dining room, separate fitted kitchen and three well-proportioned bedrooms. The layout makes good use of the available space, while the property also comes with one allocated parking space, providing convenient off-road parking. Yersin Court is a modern residential development comprising flats.
Situated in the popular Old Town area of Swindon, the property is close to local shops, convenience stores and everyday amenities, with bus stops available nearby. Swindon railway station is approximately 1.7km away, providing rail connections for commuters and wider travel. The town centre also offers a wider range of shopping, dining and leisure facilities.
PRICING & AFFORDABILITY
Full Market Value: £160,000
50% Share Price: £80,000 (rent £267.43pcm)
Minimum 5% Mortgage Deposit (50% share): £4,000
Approximate Service Charges: £132.89pcm*
Lease: 971 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.
